California State Teachers Retirement System lessened its holdings in A. Schulman, Inc. (NASDAQ:SHLM) by 10.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,614 shares of the basic materials company’s stock after selling 5,990 shares during the quarter. California State Teachers Retirement System owned 0.17% of A. Schulman worth $1,620,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Royce & Associates LP increased its holdings in shares of A. Schulman by 77.2% in the second quarter. Royce & Associates LP now owns 559,015 shares of the basic materials company’s stock valued at $17,888,000 after purchasing an additional 243,479 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in shares of A. Schulman in the second quarter valued at about $1,633,000. Guyasuta Investment Advisors Inc. grew its stake in shares of A. Schulman by 13.0% in the second quarter. Guyasuta Investment Advisors Inc. now owns 34,815 shares of the basic materials company’s stock valued at $1,114,000 after acquiring an additional 4,000 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of A. Schulman by 38.7% in the second quarter. BNP Paribas Arbitrage SA now owns 11,899 shares of the basic materials company’s stock valued at $381,000 after acquiring an additional 3,323 shares in the last quarter. Finally, Stifel Financial Corp grew its stake in shares of A. Schulman by 16.0% in the second quarter. Stifel Financial Corp now owns 199,682 shares of the basic materials company’s stock valued at $6,383,000 after acquiring an additional 27,562 shares in the last quarter. 79.15% of the stock is currently owned by hedge funds and other institutional investors.
Shares of A. Schulman, Inc. (SHLM) traded down $0.70 during trading hours on Monday, reaching $37.30. The company’s stock had a trading volume of 130,460 shares, compared to its average volume of 262,768. 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, Inc. has a fifty-two week low of $25.00 and a fifty-two week high of $39.85. The company has a market cap of $1,121.00, a PE ratio of 21.71, a PEG ratio of 1.87 and a beta of 1.57.
A. Schulman (NASDAQ:SHLM) last released its 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 company had revenue of $646.65 million for the quarter, compared to analysts’ expectations of $624.91 million. A. Schulman had a return on equity of 31.20% and a net margin of 1.35%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.47 EPS. equities research analysts forecast that A. Schulman, Inc. will post 2.07 earnings per share for the current year.
SHLM has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of A. Schulman from a “sell” rating to a “strong-buy” rating and set a $41.00 price objective on the stock in a research note on Saturday, October 21st. ValuEngine cut shares of A. Schulman from a “buy” rating to a “hold” rating in a report on Monday, August 28th. SunTrust Banks reissued a “hold” rating on shares of A. Schulman in a report on Friday, October 27th. Longbow Research raised shares of A. Schulman from a “neutral” rating to a “buy” rating and set a $37.00 target price for the company in a research report on Friday, August 25th. Finally, TheStreet raised shares of A. Schulman from a “c-” rating to a “b-” rating in a research report on Tuesday, November 7th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. A. Schulman presently has a consensus rating of “Buy” and an average price target of $39.00.
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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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