A. Schulman, Inc. (NASDAQ:SHLM) Stake Lowered by California State Teachers Retirement System

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.

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

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