A. Schulman, Inc. (SHLM) Downgraded by ValuEngine
ValuEngine downgraded shares of A. Schulman, Inc. (NASDAQ:SHLM) from a buy rating to a hold rating in a report issued on Tuesday.
A number of other research firms have also recently commented on SHLM. Zacks Investment Research cut A. Schulman from a hold rating to a sell rating in a report on Wednesday, October 11th. BidaskClub raised A. Schulman from a sell rating to a hold rating in a report on Saturday, August 26th. TheStreet raised A. Schulman from a c- rating to a b- rating in a report on Tuesday, November 7th. SunTrust Banks, Inc. reaffirmed a hold rating on shares of A. Schulman in a report on Friday, October 27th. Finally, Longbow Research raised A. Schulman from a neutral rating to a buy rating and set a $37.00 price objective on the stock in a report on Friday, August 25th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $37.00.
A. Schulman (NASDAQ SHLM) traded up $0.55 during midday trading on Tuesday, reaching $37.15. The company had a trading volume of 176,600 shares, compared to its average volume of 267,751. 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 has a one year low of $25.00 and a one year high of $39.85. The stock has a market cap of $1,079.70, a PE ratio of 20.91, a PEG ratio of 1.80 and a beta of 1.60.
A. Schulman (NASDAQ:SHLM) last posted its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.07. A. Schulman had a return on equity of 31.20% and a net margin of 1.35%. The company had revenue of $646.65 million for the quarter, compared to analysts’ expectations of $624.91 million. During the same period in the previous year, the firm earned $0.47 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. sell-side analysts predict that A. Schulman will post 2.07 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 24th were issued a dividend of $0.205 per share. The ex-dividend date of this dividend was Monday, October 23rd. This represents a $0.82 annualized dividend and a dividend yield of 2.21%. A. Schulman’s dividend payout ratio (DPR) is 94.25%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royce & Associates LP increased its position in shares of A. Schulman by 77.2% during the 2nd quarter. Royce & Associates LP now owns 559,015 shares of the basic materials company’s stock valued at $17,888,000 after purchasing an additional 243,479 shares during the last quarter. Marshall Wace North America L.P. bought a new position in shares of A. Schulman during the 2nd quarter valued at approximately $1,633,000. Guyasuta Investment Advisors Inc. increased its position in shares of A. Schulman by 13.0% during the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 34,815 shares of the basic materials company’s stock valued at $1,114,000 after purchasing an additional 4,000 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of A. Schulman by 38.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,899 shares of the basic materials company’s stock valued at $381,000 after purchasing an additional 3,323 shares during the last quarter. Finally, Alpha Windward LLC bought a new position in shares of A. Schulman during the 3rd quarter valued at approximately $535,000. 79.29% of the stock is currently owned by hedge funds and other institutional investors.
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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