Public Employees Retirement System of Ohio held its position in A. Schulman, Inc. (NASDAQ:SHLM) during the first quarter, according to its most recent filing with the SEC. The firm owned 4,575 shares of the basic materials company’s stock at the end of the first quarter. Public Employees Retirement System of Ohio’s holdings in A. Schulman were worth $144,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. LSV Asset Management boosted its position in A. Schulman by 22.9% in the first quarter. LSV Asset Management now owns 661,315 shares of the basic materials company’s stock valued at $20,798,000 after buying an additional 123,040 shares during the period. Great West Life Assurance Co. Can boosted its position in A. Schulman by 7.2% in the first quarter. Great West Life Assurance Co. Can now owns 42,056 shares of the basic materials company’s stock valued at $1,321,000 after buying an additional 2,840 shares during the period. Wells Fargo & Company MN boosted its position in A. Schulman by 15.9% in the first quarter. Wells Fargo & Company MN now owns 617,894 shares of the basic materials company’s stock valued at $19,433,000 after buying an additional 84,541 shares during the period. Strs Ohio boosted its position in A. Schulman by 4.4% in the first quarter. Strs Ohio now owns 26,200 shares of the basic materials company’s stock valued at $823,000 after buying an additional 1,100 shares during the period. Finally, Dubuque Bank & Trust Co. acquired a new position in A. Schulman during the first quarter valued at $209,000. Institutional investors and hedge funds own 87.38% of the company’s stock.
A. Schulman, Inc. (NASDAQ:SHLM) traded down 0.56% during midday trading on Friday, reaching $26.85. The company’s stock had a trading volume of 378,213 shares. The firm has a 50 day moving average of $28.37 and a 200 day moving average of $30.59. The firm’s market cap is $789.93 million. A. Schulman, Inc. has a 52-week low of $21.50 and a 52-week high of $37.70.
A. Schulman (NASDAQ:SHLM) last announced its quarterly earnings data on Wednesday, June 28th. The basic materials company reported $0.63 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.02. A. Schulman had a negative net margin of 14.86% and a positive return on equity of 35.64%. The firm had revenue of $645.80 million during the quarter, compared to analyst estimates of $619.54 million. During the same period last year, the business posted $0.79 EPS. The company’s revenue was down .7% on a year-over-year basis. Analysts anticipate that A. Schulman, Inc. will post $1.65 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Friday, July 14th were paid a $0.205 dividend. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $0.82 dividend on an annualized basis and a yield of 3.05%. A. Schulman’s dividend payout ratio (DPR) is presently -6.56%.
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Several research firms have recently weighed in on SHLM. Zacks Investment Research upgraded A. Schulman from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. BidaskClub upgraded A. Schulman from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, ValuEngine cut A. Schulman from a “buy” rating to a “hold” rating in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. A. Schulman has an average rating of “Hold” and a consensus target price of $33.00.
A. Schulman Company Profile
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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