Short Interest in A. Schulman, Inc. (SHLM) Decreases By 33.9%
A. Schulman, Inc. (NASDAQ:SHLM) was the recipient of a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 523,782 shares, a decline of 33.9% from the October 13th total of 792,766 shares. Currently, 1.8% of the shares of the company are sold short. Based on an average trading volume of 193,245 shares, the short-interest ratio is presently 2.7 days.
Several equities research analysts have recently weighed in on SHLM shares. ValuEngine upgraded A. Schulman from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Zacks Investment Research lowered A. Schulman from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. BidaskClub upgraded A. Schulman from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. TheStreet upgraded A. Schulman from a “c-” rating to a “b-” rating in a research note on Tuesday, November 7th. Finally, SunTrust Banks, Inc. reiterated a “hold” rating on shares of A. Schulman in a research note on Friday, October 27th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $37.00.
A. Schulman (NASDAQ SHLM) opened at $37.15 on Friday. The company has a market capitalization of $1,091.50, a P/E ratio of 21.14, a PEG ratio of 1.82 and a beta of 1.60. The company has a quick ratio of 1.09, a current ratio of 1.68 and a debt-to-equity ratio of 4.28. A. Schulman has a 1-year low of $25.00 and a 1-year high of $39.85.
A. Schulman (NASDAQ:SHLM) last announced its earnings results on Wednesday, October 25th. The basic materials company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.25 by $0.07. The business had revenue of $646.65 million for the quarter, compared to the consensus estimate of $624.91 million. A. Schulman had a return on equity of 31.20% and a net margin of 1.35%. A. Schulman’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 EPS. research analysts anticipate that A. Schulman will post 2.07 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 24th were issued a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 2.21%. The ex-dividend date was Monday, October 23rd. A. Schulman’s payout ratio is currently 94.25%.
Large investors have recently bought and sold shares of the business. US Bancorp DE lifted its holdings in A. Schulman by 23.4% during the 2nd quarter. US Bancorp DE now owns 3,486 shares of the basic materials company’s stock worth $111,000 after buying an additional 661 shares in the last quarter. SG Americas Securities LLC acquired a new position in A. Schulman during the 3rd quarter worth $111,000. PNC Financial Services Group Inc. lifted its holdings in A. Schulman by 1.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,854 shares of the basic materials company’s stock worth $156,000 after buying an additional 50 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in A. Schulman by 78.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,807 shares of the basic materials company’s stock worth $185,000 after buying an additional 2,557 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new position in A. Schulman during the 3rd quarter worth $202,000. 79.29% of the stock is currently owned by hedge funds and other institutional investors.
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About A. Schulman
A. Schulman, Inc is an international supplier of plastic formulations, resins and services, and provides solutions to its customers’ requirements through custom-formulated products. The Company’s customers span a range of markets, such as packaging, mobility, building and construction, electronics and electrical, agriculture, personal care and hygiene, custom services, and sports, home and leisure.
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