Allianz Asset Management GmbH acquired a new stake in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) during the third quarter, according to its most recent filing with the SEC. The firm acquired 14,044 shares of the basic materials company’s stock, valued at approximately $395,000. Allianz Asset Management GmbH owned about 0.05% of Schnitzer Steel Industries as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of SCHN. Schwab Charles Investment Management Inc. boosted its position in shares of Schnitzer Steel Industries by 1.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 409,102 shares of the basic materials company’s stock worth $10,310,000 after purchasing an additional 5,583 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Schnitzer Steel Industries in the 2nd quarter worth $383,000. Federated Investors Inc. PA boosted its position in shares of Schnitzer Steel Industries by 78.6% in the 2nd quarter. Federated Investors Inc. PA now owns 42,138 shares of the basic materials company’s stock worth $1,062,000 after purchasing an additional 18,542 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Schnitzer Steel Industries by 6.0% in the 2nd quarter. Victory Capital Management Inc. now owns 65,288 shares of the basic materials company’s stock worth $1,645,000 after purchasing an additional 3,720 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Schnitzer Steel Industries by 1.1% in the 2nd quarter. American Century Companies Inc. now owns 155,826 shares of the basic materials company’s stock worth $3,927,000 after purchasing an additional 1,683 shares during the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

Several research analysts have recently issued reports on the company. BidaskClub upgraded Schnitzer Steel Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 22nd. Zacks Investment Research upgraded Schnitzer Steel Industries from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Saturday, October 21st. ValuEngine upgraded Schnitzer Steel Industries from a “hold” rating to a “buy” rating in a research report on Saturday, December 9th. Morgan Stanley raised their price target on Schnitzer Steel Industries from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 31st. Finally, KeyCorp restated a “hold” rating on shares of Schnitzer Steel Industries in a research report on Wednesday, October 11th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $29.33.

In related news, SVP Peter B. Saba sold 2,393 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $26.52, for a total transaction of $63,462.36. Following the sale, the senior vice president now owns 30,911 shares of the company’s stock, valued at approximately $819,759.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Stefano R. Gaggini sold 1,074 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $28.97, for a total value of $31,113.78. Following the sale, the vice president now directly owns 16,480 shares in the company, valued at approximately $477,425.60. The disclosure for this sale can be found here. Insiders have sold a total of 22,770 shares of company stock worth $654,919 in the last ninety days. 3.80% of the stock is currently owned by company insiders.

Shares of Schnitzer Steel Industries, Inc. (NASDAQ SCHN) opened at $33.50 on Monday. The company has a market capitalization of $920.81, a price-to-earnings ratio of 21.20 and a beta of 1.36. Schnitzer Steel Industries, Inc. has a 12 month low of $17.50 and a 12 month high of $35.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 1.92.

Schnitzer Steel Industries (NASDAQ:SCHN) last issued its quarterly earnings data on Tuesday, October 24th. The basic materials company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.01. The business had revenue of $494.00 million for the quarter, compared to the consensus estimate of $495.73 million. Schnitzer Steel Industries had a return on equity of 8.49% and a net margin of 2.64%. The firm’s revenue was up 26.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. analysts expect that Schnitzer Steel Industries, Inc. will post 2.18 earnings per share for the current fiscal year.

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Schnitzer Steel Industries Company Profile

Schnitzer Steel Industries, Inc is a recycler of ferrous and nonferrous scrap metal, including end-of-life vehicles, and a manufacturer of finished steel products. The Company operates through two segments: the Auto and Metals Recycling (AMR) business and the Steel Manufacturing Business (SMB). The AMR segment collects and recycles auto bodies, rail cars, home appliances, industrial machinery, manufacturing scrap and construction and demolition scrap from bridges, buildings and other infrastructure.

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Institutional Ownership by Quarter for Schnitzer Steel Industries (NASDAQ:SCHN)

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