Russell Investments Group Ltd. lessened its stake in A. Schulman, Inc. (NASDAQ:SHLM) by 63.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 167,108 shares of the basic materials company’s stock after selling 289,921 shares during the period. Russell Investments Group Ltd. owned about 0.57% of A. Schulman worth $5,707,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Teachers Advisors LLC grew its holdings in shares of A. Schulman by 4.9% during the 1st quarter. Teachers Advisors LLC now owns 52,344 shares of the basic materials company’s stock worth $1,646,000 after acquiring an additional 2,468 shares during the period. State Street Corp boosted its position in shares of A. Schulman by 7.0% in the 1st quarter. State Street Corp now owns 679,525 shares of the basic materials company’s stock worth $21,367,000 after purchasing an additional 44,690 shares in the last quarter. US Bancorp DE boosted its position in shares of A. Schulman by 23.4% in the 2nd quarter. US Bancorp DE now owns 3,486 shares of the basic materials company’s stock worth $111,000 after purchasing an additional 661 shares in the last quarter. Strs Ohio boosted its position in shares of A. Schulman by 6.5% in the 2nd quarter. Strs Ohio now owns 27,900 shares of the basic materials company’s stock worth $892,000 after purchasing an additional 1,700 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in shares of A. Schulman by 4.2% in the 2nd quarter. Great West Life Assurance Co. Can now owns 43,842 shares of the basic materials company’s stock worth $1,401,000 after purchasing an additional 1,786 shares in the last quarter. 78.94% of the stock is owned by institutional investors.
Several equities analysts recently issued reports on the company. Zacks Investment Research cut A. Schulman from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. BidaskClub raised A. Schulman from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. TheStreet upgraded A. Schulman from a “c-” rating to a “b-” rating in a research note on Tuesday, November 7th. SunTrust Banks restated a “hold” rating on shares of A. Schulman in a research note on Friday, October 27th. Finally, ValuEngine lowered A. Schulman from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $39.00.
Shares of A. Schulman, Inc. (NASDAQ SHLM) traded up $0.10 during trading on Tuesday, hitting $37.35. The stock had a trading volume of 137,249 shares, compared to its average volume of 134,950. 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 52-week low of $25.00 and a 52-week high of $39.85. The stock has a market capitalization of $1,100.00, a price-to-earnings ratio of 43.43, a price-to-earnings-growth ratio of 1.83 and a beta of 1.57.
A. Schulman (NASDAQ:SHLM) last announced its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.07. The business had revenue of $646.65 million during the quarter, compared to the consensus estimate of $624.91 million. A. Schulman had a net margin of 1.35% and a return on equity of 31.20%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 earnings per share. sell-side analysts forecast that A. Schulman, Inc. will post 2.07 earnings per share for the current fiscal year.
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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