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.

COPYRIGHT VIOLATION WARNING: “Short Interest in A. Schulman, Inc. (SHLM) Decreases By 33.9%” was posted by Watch List News and is the property of of Watch List News. If you are accessing this story on another site, it was illegally copied and republished in violation of international copyright law. The correct version of this story can be accessed at https://www.watchlistnews.com/short-interest-in-a-schulman-inc-shlm-decreases-by-33-9/1708453.html.

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.

Receive News & Ratings for A. Schulman Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A. Schulman Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.