Grace & White Inc. NY decreased its stake in A Schulman Inc (NASDAQ:SHLM) by 5.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,267 shares of the basic materials company’s stock after selling 3,200 shares during the quarter. Grace & White Inc. NY owned approximately 0.18% of A Schulman worth $1,947,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in A Schulman in the 3rd quarter valued at $111,000. PNC Financial Services Group Inc. raised its position in A Schulman by 1.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,854 shares of the basic materials company’s stock valued at $156,000 after purchasing an additional 50 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in A Schulman in the 3rd quarter valued at $202,000. Piedmont Investment Advisors LLC bought a new position in A Schulman in the 2nd quarter valued at $204,000. Finally, NJ State Employees Deferred Compensation Plan bought a new position in A Schulman in the 3rd quarter valued at $205,000. 78.26% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have issued reports on the company. ValuEngine downgraded A Schulman from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Zacks Investment Research upgraded A Schulman from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research report on Friday, December 22nd. TheStreet upgraded A Schulman from a “c+” rating to a “b-” rating in a research report on Tuesday, January 9th. BidaskClub downgraded A Schulman from a “hold” rating to a “sell” rating in a research report on Saturday, December 9th. Finally, SunTrust Banks reiterated a “hold” rating on shares of A Schulman in a report on Friday, October 27th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $39.67.
A Schulman Inc (SHLM) traded up $0.25 during trading hours on Wednesday, reaching $37.15. The company’s stock had a trading volume of 190,700 shares, compared to its average volume of 172,954. A Schulman Inc has a 1 year low of $25.00 and a 1 year high of $40.95. The company has a current ratio of 1.61, a quick ratio of 0.98 and a debt-to-equity ratio of 4.01. The firm has a market capitalization of $1,088.60, a PE ratio of 20.39, a price-to-earnings-growth ratio of 1.71 and a beta of 1.52.
A Schulman (NASDAQ:SHLM) last posted its quarterly earnings data on Monday, January 8th. The basic materials company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.11. The company had revenue of $674.60 million during the quarter, compared to analysts’ expectations of $639.10 million. A Schulman had a return on equity of 28.45% and a net margin of 1.78%. A Schulman’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 earnings per share. equities analysts expect that A Schulman Inc will post 2.2 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Monday, January 15th were given a dividend of $0.205 per share. The ex-dividend date was Thursday, January 11th. This represents a $0.82 annualized dividend and a dividend yield of 2.21%. A Schulman’s dividend payout ratio is currently 65.08%.
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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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