Segall Bryant & Hamill LLC cut its stake in shares of Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) by 8.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,396 shares of the basic materials company’s stock after selling 13,571 shares during the period. Segall Bryant & Hamill LLC owned about 0.52% of Schnitzer Steel Industries worth $3,952,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Royce & Associates LP lifted its stake in Schnitzer Steel Industries by 11.3% during the 3rd quarter. Royce & Associates LP now owns 377,705 shares of the basic materials company’s stock valued at $10,632,000 after acquiring an additional 38,452 shares in the last quarter. Allianz Asset Management GmbH bought a new position in Schnitzer Steel Industries during the 3rd quarter valued at $395,000. Engineers Gate Manager LP lifted its stake in Schnitzer Steel Industries by 126.4% during the 3rd quarter. Engineers Gate Manager LP now owns 41,286 shares of the basic materials company’s stock valued at $1,162,000 after acquiring an additional 23,049 shares in the last quarter. Convergence Investment Partners LLC bought a new position in Schnitzer Steel Industries during the 3rd quarter valued at $807,000. Finally, Mackenzie Financial Corp bought a new position in Schnitzer Steel Industries during the 3rd quarter valued at $4,304,000. Institutional investors and hedge funds own 86.84% of the company’s stock.

In related news, SVP Jeffery Dyck sold 8,327 shares of Schnitzer Steel Industries stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $30.05, for a total value of $250,226.35. Following the completion of the sale, the senior vice president now owns 49,184 shares of the company’s stock, valued at approximately $1,477,979.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Peter B. Saba sold 2,393 shares of Schnitzer Steel Industries stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $26.52, for a total value of $63,462.36. Following the completion of the sale, the senior vice president now directly owns 30,911 shares of the company’s stock, valued at approximately $819,759.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,770 shares of company stock valued at $654,919. Insiders own 3.80% of the company’s stock.

Several equities research analysts have recently issued reports on SCHN shares. Zacks Investment Research raised Schnitzer Steel Industries from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research report on Saturday, October 21st. ValuEngine lowered Schnitzer Steel Industries from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Morgan Stanley raised their target price on Schnitzer Steel Industries from $27.00 to $29.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 31st. Macquarie started coverage on Schnitzer Steel Industries in a research report on Wednesday, September 6th. They set a “neutral” rating and a $26.00 target price for the company. Finally, KeyCorp reaffirmed a “hold” rating on shares of Schnitzer Steel Industries in a research report on Wednesday, October 11th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $29.33.

Shares of Schnitzer Steel Industries, Inc. (NASDAQ SCHN) opened at $29.50 on Monday. Schnitzer Steel Industries, Inc. has a 12-month low of $17.50 and a 12-month high of $31.35. The stock has a market capitalization of $798.33, a price-to-earnings ratio of 19.28 and a beta of 1.36. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 1.92.

Schnitzer Steel Industries (NASDAQ:SCHN) last announced its earnings results on Tuesday, October 24th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.01. Schnitzer Steel Industries had a return on equity of 8.49% and a net margin of 2.64%. The firm had revenue of $494.00 million during the quarter, compared to analyst estimates of $495.73 million. During the same period last year, the firm posted $0.60 EPS. The business’s revenue was up 26.3% compared to the same quarter last year. sell-side analysts predict that Schnitzer Steel Industries, Inc. will post 2.18 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 27th. Stockholders of record on Monday, November 13th were given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.54%. The ex-dividend date was Friday, November 10th. Schnitzer Steel Industries’s dividend payout ratio is presently 47.17%.

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About Schnitzer Steel Industries

Schnitzer Steel Industries, Inc is a recycler of ferrous and nonferrous scrap metal, including end-of-life vehicles, and a manufacturer of finished steel products. The Company operates through two segments: the Auto and Metals Recycling (AMR) business and the Steel Manufacturing Business (SMB). The AMR segment collects and recycles auto bodies, rail cars, home appliances, industrial machinery, manufacturing scrap and construction and demolition scrap from bridges, buildings and other infrastructure.

Institutional Ownership by Quarter for Schnitzer Steel Industries (NASDAQ:SCHN)

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