Comerica Bank grew its position in A. Schulman, Inc. (NASDAQ:SHLM) by 10.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,234 shares of the basic materials company’s stock after buying an additional 9,707 shares during the quarter. Comerica Bank owned approximately 0.36% of A. Schulman worth $2,710,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the business. Miles Capital Inc. boosted its holdings in shares of A. Schulman by 0.3% in the first quarter. Miles Capital Inc. now owns 7,094 shares of the basic materials company’s stock worth $223,000 after buying an additional 22 shares during the period. Fifth Third Bancorp boosted its holdings in shares of A. Schulman by 0.3% in the first quarter. Fifth Third Bancorp now owns 13,272 shares of the basic materials company’s stock worth $417,000 after buying an additional 46 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of A. Schulman by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 3,250 shares of the basic materials company’s stock worth $102,000 after buying an additional 90 shares during the period. Texas Permanent School Fund boosted its holdings in shares of A. Schulman by 0.8% in the second quarter. Texas Permanent School Fund now owns 21,486 shares of the basic materials company’s stock worth $688,000 after buying an additional 179 shares during the period. Finally, Ironwood Investment Management LLC boosted its holdings in shares of A. Schulman by 0.5% in the first quarter. Ironwood Investment Management LLC now owns 39,645 shares of the basic materials company’s stock worth $1,247,000 after buying an additional 195 shares during the period. Institutional investors own 84.22% of the company’s stock.

Shares of A. Schulman, Inc. (NASDAQ SHLM) opened at 31.05 on Tuesday. The firm’s market capitalization is $913.49 million. A. Schulman, Inc. has a 12-month low of $25.00 and a 12-month high of $37.70. The company’s 50 day moving average is $28.32 and its 200 day moving average is $30.13.

A. Schulman (NASDAQ:SHLM) last announced its quarterly earnings results on Wednesday, June 28th. The basic materials company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $645.80 million during the quarter, compared to the consensus estimate of $619.54 million. A. Schulman had a negative net margin of 14.86% and a positive return on equity of 35.64%. The business’s revenue was down .7% compared to the same quarter last year. During the same period last year, the company earned $0.79 earnings per share. On average, analysts forecast that A. Schulman, Inc. will post $1.66 earnings per share for the current year.

SHLM has been the subject of several recent analyst reports. Longbow Research upgraded shares of A. Schulman from a “neutral” rating to a “buy” rating and set a $37.00 target price for the company in a report on Friday, August 25th. ValuEngine upgraded shares of A. Schulman from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Zacks Investment Research upgraded shares of A. Schulman from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. Finally, BidaskClub upgraded shares of A. Schulman from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $35.33.

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

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