State of Tennessee Treasury Department Sells 1,635 Shares of A. Schulman, Inc. (SHLM)
State of Tennessee Treasury Department lowered its position in A. Schulman, Inc. (NASDAQ:SHLM) by 5.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,865 shares of the basic materials company’s stock after selling 1,635 shares during the period. State of Tennessee Treasury Department owned 0.09% of A. Schulman worth $883,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. US Bancorp DE lifted its holdings in shares of A. Schulman by 23.4% in the second quarter. US Bancorp DE now owns 3,486 shares of the basic materials company’s stock valued at $111,000 after purchasing an additional 661 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of A. Schulman by 1.0% in the second quarter. PNC Financial Services Group Inc. now owns 4,854 shares of the basic materials company’s stock valued at $156,000 after purchasing an additional 50 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of A. Schulman by 78.7% in the second quarter. State of Alaska Department of Revenue now owns 5,807 shares of the basic materials company’s stock valued at $185,000 after purchasing an additional 2,557 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of A. Schulman in the third quarter valued at approximately $202,000. Finally, Piedmont Investment Advisors LLC bought a new position in shares of A. Schulman in the second quarter valued at approximately $204,000. Institutional investors and hedge funds own 76.64% of the company’s stock.
A number of research analysts have recently weighed in on SHLM shares. Zacks Investment Research upgraded A. Schulman from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. ValuEngine upgraded A. Schulman from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. BidaskClub upgraded A. Schulman from a “strong sell” rating to a “sell” rating in a report on Thursday, August 17th. Longbow Research upgraded A. Schulman from a “neutral” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Friday, August 25th. Finally, SunTrust Banks, Inc. restated a “hold” rating on shares of A. Schulman in a report on Friday, October 27th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $39.00.
Shares of A. Schulman, Inc. (NASDAQ:SHLM) opened at $38.15 on Monday. The company has a market capitalization of $1,125.43, a price-to-earnings ratio of 21.80, a P/E/G ratio of 1.88 and a beta of 1.60. A. Schulman, Inc. has a fifty-two week low of $25.00 and a fifty-two week high of $39.85. The company has a current ratio of 1.68, a quick ratio of 1.09 and a debt-to-equity ratio of 4.28.
A. Schulman (NASDAQ:SHLM) last issued its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.07. The business had revenue of $646.65 million for the quarter, compared to analyst estimates of $624.91 million. A. Schulman had a return on equity of 31.20% and a net margin of 1.35%. A. Schulman’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company posted $0.47 earnings per share. analysts anticipate that A. Schulman, Inc. will post 2.07 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 24th were issued a dividend of $0.205 per share. The ex-dividend date was Monday, October 23rd. This represents a $0.82 dividend on an annualized basis and a yield of 2.15%. A. Schulman’s dividend payout ratio (DPR) is currently 94.25%.
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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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