Royce & Associates LP increased its stake in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) by 11.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 377,705 shares of the basic materials company’s stock after purchasing an additional 38,452 shares during the period. Royce & Associates LP owned 1.40% of Schnitzer Steel Industries worth $10,632,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Numeric Investors LLC boosted its stake in Schnitzer Steel Industries by 25.0% in the 2nd quarter. Numeric Investors LLC now owns 45,000 shares of the basic materials company’s stock worth $1,134,000 after purchasing an additional 9,000 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in Schnitzer Steel Industries in the 3rd quarter worth approximately $597,000. Stifel Financial Corp boosted its stake in Schnitzer Steel Industries by 78.9% in the 2nd quarter. Stifel Financial Corp now owns 355,800 shares of the basic materials company’s stock worth $8,983,000 after purchasing an additional 156,882 shares in the last quarter. Prudential Financial Inc. boosted its stake in Schnitzer Steel Industries by 18.9% in the 3rd quarter. Prudential Financial Inc. now owns 232,427 shares of the basic materials company’s stock worth $6,543,000 after purchasing an additional 37,010 shares in the last quarter. Finally, State Street Corp boosted its stake in Schnitzer Steel Industries by 1.6% in the 2nd quarter. State Street Corp now owns 1,344,366 shares of the basic materials company’s stock worth $33,877,000 after purchasing an additional 20,636 shares in the last quarter. Institutional investors own 86.84% of the company’s stock.

Schnitzer Steel Industries, Inc. (SCHN) opened at $30.00 on Thursday. Schnitzer Steel Industries, Inc. has a 1 year low of $17.50 and a 1 year high of $31.35. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 1.92. The stock has a market cap of $794.27, a P/E ratio of 19.18 and a beta of 1.36.

Schnitzer Steel Industries (NASDAQ:SCHN) last posted its quarterly earnings results on Tuesday, October 24th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. Schnitzer Steel Industries had a net margin of 2.64% and a return on equity of 8.49%. The company 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. Schnitzer Steel Industries’s revenue for the quarter was up 26.3% compared to the same quarter last year. equities analysts predict that Schnitzer Steel Industries, Inc. will post 2.18 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 27th. Shareholders of record on Monday, November 13th were given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend was Friday, November 10th. Schnitzer Steel Industries’s dividend payout ratio is presently 47.17%.

A number of research firms have issued reports on SCHN. ValuEngine raised shares of Schnitzer Steel Industries from a “hold” rating to a “buy” rating in a research report on Saturday, December 9th. Morgan Stanley raised their price target on shares of Schnitzer Steel Industries from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 31st. Zacks Investment Research lowered shares of Schnitzer Steel Industries from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. KeyCorp reissued a “hold” rating on shares of Schnitzer Steel Industries in a research report on Wednesday, October 11th. Finally, Macquarie began coverage on shares of Schnitzer Steel Industries in a research report on Wednesday, September 6th. They set a “neutral” rating and a $26.00 price target for the company. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $29.33.

In other news, SVP Steven Heiskell sold 2,976 shares of Schnitzer Steel Industries stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $28.05, for a total transaction of $83,476.80. Following the completion of the transaction, the senior vice president now directly owns 50,501 shares of the company’s stock, valued at approximately $1,416,553.05. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Peter B. Saba sold 2,393 shares of Schnitzer Steel Industries stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $26.52, for a total transaction of $63,462.36. Following the transaction, the senior vice president now directly owns 30,911 shares of the company’s stock, valued at $819,759.72. The disclosure for this sale can be found here. Insiders have sold a total of 22,770 shares of company stock valued at $654,919 over the last three months. 3.80% of the stock is currently owned by insiders.

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Schnitzer Steel Industries Company Profile

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.

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

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