A. Schulman Inc. (SHLM) Rating Lowered to Neutral at Seaport Global Securities
A. Schulman Inc. (NASDAQ:SHLM) was downgraded by Seaport Global Securities from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday. They currently have a $33.00 target price on the stock. Seaport Global Securities’ target price would indicate a potential downside of 3.93% from the stock’s current price.
Several other brokerages also recently issued reports on SHLM. Longbow Research downgraded A. Schulman from a “buy” rating to a “neutral” rating in a research report on Thursday, August 11th. TheStreet downgraded A. Schulman from a “buy” rating to a “hold” rating in a research report on Friday, September 9th. Northcoast Research downgraded A. Schulman from a “buy” rating to a “neutral” rating in a research report on Friday, October 28th. Gabelli downgraded A. Schulman from a “buy” rating to a “hold” rating in a research report on Monday, August 15th. Finally, Zacks Investment Research downgraded A. Schulman from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $32.50.
A. Schulman (NASDAQ:SHLM) opened at 33.15 on Thursday. The company’s market cap is $976.00 billion. A. Schulman has a 52 week low of $19.58 and a 52 week high of $35.31. The company’s 50-day moving average price is $29.45 and its 200 day moving average price is $26.92.
A. Schulman (NASDAQ:SHLM) last posted its earnings results on Wednesday, October 26th. The company reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.15. The business earned $604.60 million during the quarter, compared to the consensus estimate of $584.92 million. A. Schulman had a positive return on equity of 13.97% and a negative net margin of 14.31%. A. Schulman’s revenue was down 10.3% on a year-over-year basis. During the same quarter last year, the company earned $0.64 EPS. On average, analysts anticipate that A. Schulman will post $2.13 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, November 4th. Stockholders of record on Monday, October 24th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, October 20th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.39%. A. Schulman’s payout ratio is currently -6.60%.
In other news, Director James A. Mitarotonda bought 25,000 shares of the company’s stock in a transaction dated Tuesday, August 23rd. The stock was bought at an average price of $24.38 per share, for a total transaction of $609,500.00. Following the completion of the transaction, the director now directly owns 30,426 shares in the company, valued at approximately $741,785.88. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.08% of the company’s stock.
Large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of A. Schulman by 3.1% in the second quarter. Vanguard Group Inc. now owns 2,324,773 shares of the company’s stock worth $56,771,000 after buying an additional 69,505 shares during the period. BlackRock Fund Advisors boosted its stake in shares of A. Schulman by 8.1% in the third quarter. BlackRock Fund Advisors now owns 2,043,406 shares of the company’s stock worth $59,504,000 after buying an additional 152,944 shares during the period. Daruma Capital Management LLC boosted its stake in shares of A. Schulman by 12.4% in the first quarter. Daruma Capital Management LLC now owns 1,762,166 shares of the company’s stock worth $47,966,000 after buying an additional 194,822 shares during the period. Channing Capital Management LLC boosted its stake in shares of A. Schulman by 10.7% in the third quarter. Channing Capital Management LLC now owns 1,495,797 shares of the company’s stock worth $43,558,000 after buying an additional 144,286 shares during the period. Finally, Deprince Race & Zollo Inc. boosted its stake in shares of A. Schulman by 25.7% in the second quarter. Deprince Race & Zollo Inc. now owns 991,998 shares of the company’s stock worth $24,225,000 after buying an additional 202,796 shares during the period. 92.68% of the stock is owned by institutional investors and hedge funds.
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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