Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) SVP Peter B. Saba sold 2,393 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $26.52, for a total transaction of $63,462.36. Following the completion of the sale, the senior vice president now owns 30,911 shares in the company, valued at approximately $819,759.72. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Schnitzer Steel Industries, Inc. (SCHN) traded up $0.40 during trading hours on Friday, reaching $27.50. 195,321 shares of the company’s stock traded hands, compared to its average volume of 428,704. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 1.92. The stock has a market cap of $733.40, a price-to-earnings ratio of 17.39 and a beta of 1.37. Schnitzer Steel Industries, Inc. has a 52-week low of $17.50 and a 52-week high of $31.35.
Schnitzer Steel Industries (NASDAQ:SCHN) last posted its quarterly earnings data on Tuesday, October 24th. The basic materials company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.01. The firm had revenue of $494.00 million during the quarter, compared to analyst estimates of $495.73 million. Schnitzer Steel Industries had a net margin of 2.64% and a return on equity of 8.49%. The company’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same quarter last year, the business posted $0.60 EPS. analysts expect that Schnitzer Steel Industries, Inc. will post 2.12 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Monday, November 13th will be paid a $0.1875 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $0.75 annualized dividend and a yield of 2.73%. Schnitzer Steel Industries’s dividend payout ratio (DPR) is 47.47%.
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A number of equities research analysts recently weighed in on SCHN shares. Zacks Investment Research upgraded shares of Schnitzer Steel Industries from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Friday, July 21st. BidaskClub lowered shares of Schnitzer Steel Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Macquarie started coverage on shares of Schnitzer Steel Industries in a report on Wednesday, September 6th. They issued a “neutral” rating and a $26.00 target price on the stock. ValuEngine lowered shares of Schnitzer Steel Industries from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Finally, KeyCorp restated a “hold” rating on shares of Schnitzer Steel Industries in a report on Wednesday, October 11th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Schnitzer Steel Industries has a consensus rating of “Hold” and a consensus price target of $29.33.
Large investors have recently bought and sold shares of the business. Sei Investments Co. increased its stake in Schnitzer Steel Industries by 325.7% in the 3rd quarter. Sei Investments Co. now owns 6,220 shares of the basic materials company’s stock valued at $175,000 after buying an additional 4,759 shares during the last quarter. Commonwealth Equity Services Inc purchased a new stake in Schnitzer Steel Industries in the 3rd quarter valued at about $204,000. Tiedemann Wealth Management LLC purchased a new stake in Schnitzer Steel Industries in the 3rd quarter valued at about $223,000. BlueCrest Capital Management Ltd purchased a new stake in Schnitzer Steel Industries in the 2nd quarter valued at about $228,000. Finally, Menta Capital LLC purchased a new stake in Schnitzer Steel Industries in the 2nd quarter valued at about $247,000. Hedge funds and other institutional investors own 84.89% of the company’s stock.
Schnitzer Steel Industries Company Profile
Schnitzer Steel Industries, Inc is a recycler of ferrous and nonferrous scrap metal, including end-of-life vehicles, and a manufacturer of finished steel products. The Company operates through two segments: the Auto and Metals Recycling (AMR) business and the Steel Manufacturing Business (SMB). The AMR segment collects and recycles auto bodies, rail cars, home appliances, industrial machinery, manufacturing scrap and construction and demolition scrap from bridges, buildings and other infrastructure.
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