A. Schulman Inc. (SHLM) Upgraded by TheStreet to “Buy”
A number of other research firms have also weighed in on SHLM. Gabelli lowered A. Schulman from a buy rating to a hold rating in a research report on Monday, August 15th. Zacks Investment Research lowered A. Schulman from a buy rating to a hold rating in a research report on Thursday, June 16th. Longbow Research lowered A. Schulman from a buy rating to a neutral rating in a research report on Thursday, August 11th. Finally, Northcoast Research upgraded A. Schulman from a neutral rating to a buy rating and set a $30.00 price target for the company in a research report on Friday, August 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $35.40.
Shares of A. Schulman (NASDAQ:SHLM) traded down 2.64% on Friday, reaching $28.35. 348,618 shares of the company traded hands. The firm has a 50-day moving average of $26.35 and a 200-day moving average of $26.27. The company has a market capitalization of $831.76 million, a PE ratio of 19.67 and a beta of 1.74. A. Schulman has a 52-week low of $19.58 and a 52-week high of $39.05.
In other A. Schulman news, Director James A. Mitarotonda acquired 50,000 shares of A. Schulman stock in a transaction that occurred on Friday, August 12th. The stock was purchased at an average cost of $21.95 per share, with a total value of $1,097,500.00. Following the purchase, the director now owns 30,426 shares in the company, valued at $667,850.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James A. Mitarotonda acquired 25,000 shares of A. Schulman stock in a transaction that occurred on Tuesday, August 23rd. The stock was acquired at an average cost of $24.38 per share, with a total value of $609,500.00. Following the completion of the purchase, the director now owns 30,426 shares in the company, valued at approximately $741,785.88. The disclosure for this purchase can be found here. 3.44% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in SHLM. Teacher Retirement System of Texas increased its stake in shares of A. Schulman by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 4,093 shares of the company’s stock valued at $100,000 after buying an additional 503 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in A. Schulman by 18.9% in the second quarter. Public Employees Retirement System of Ohio now owns 4,351 shares of the company’s stock worth $106,000 after buying an additional 692 shares during the period. Mason Street Advisors LLC purchased a new stake in A. Schulman during the second quarter worth $139,000. Legal & General Group Plc increased its stake in A. Schulman by 9.9% in the first quarter. Legal & General Group Plc now owns 7,097 shares of the company’s stock worth $190,000 after buying an additional 639 shares during the period. Finally, BlackRock Inc. increased its stake in A. Schulman by 313.9% in the second quarter. BlackRock Inc. now owns 8,112 shares of the company’s stock worth $198,000 after buying an additional 6,152 shares during the period. 89.35% of the stock is owned by hedge funds and other institutional investors.
A. Schulman Company Profile
A. Schulman, Inc is a supplier of plastic formulations, resins and services. The Company’s segments include Europe, Middle East and Africa (EMEA); United States & Canada (USCAN); Latin America (LATAM); Asia Pacific (APAC), and Engineered Composites (EC). The Company operates in six product families: custom performance colors (CPC), engineered composites, masterbatch solutions, engineered plastics, specialty powders and distribution services.
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