Thrivent Financial For Lutherans lifted its position in shares of A. Schulman, Inc. (NASDAQ:SHLM) by 7.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 17,920 shares of the basic materials company’s stock after purchasing an additional 1,270 shares during the quarter. Thrivent Financial For Lutherans owned about 0.06% of A. Schulman worth $573,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of SHLM. Karp Capital Management Corp purchased a new stake in shares of A. Schulman during the 1st quarter worth about $364,000. State of Tennessee Treasury Department grew its holdings in shares of A. Schulman by 17.8% during the 1st quarter. State of Tennessee Treasury Department now owns 27,500 shares of the basic materials company’s stock worth $865,000 after purchasing an additional 4,150 shares during the period. Mason Street Advisors LLC grew its holdings in shares of A. Schulman by 7.3% during the 1st quarter. Mason Street Advisors LLC now owns 6,882 shares of the basic materials company’s stock worth $216,000 after purchasing an additional 471 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of A. Schulman by 1.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 17,936 shares of the basic materials company’s stock worth $563,000 after purchasing an additional 319 shares during the period. Finally, Arizona State Retirement System grew its holdings in shares of A. Schulman by 1.3% during the 1st quarter. Arizona State Retirement System now owns 15,354 shares of the basic materials company’s stock worth $483,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 84.22% of the company’s stock.

A number of analysts have recently issued reports on SHLM shares. Longbow Research upgraded A. Schulman from a “neutral” rating to a “buy” rating and set a $37.00 target price for the company in a report on Friday, August 25th. ValuEngine upgraded A. Schulman from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Zacks Investment Research upgraded A. Schulman from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. Finally, BidaskClub upgraded A. Schulman from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $35.00.

A. Schulman, Inc. (NASDAQ SHLM) opened at 37.55 on Friday. The stock’s market cap is $1.10 billion. A. Schulman, Inc. has a 12-month low of $25.00 and a 12-month high of $39.85. The firm has a 50-day moving average price of $33.29 and a 200-day moving average price of $30.30.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 24th will be paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.18%. A. Schulman’s dividend payout ratio (DPR) is presently -6.56%.

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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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Institutional Ownership by Quarter for A. Schulman (NASDAQ:SHLM)

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