Vanguard Group Inc boosted its holdings in shares of Shiloh Industries, Inc. (NASDAQ:SHLO) by 3.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 699,009 shares of the basic materials company’s stock after purchasing an additional 25,651 shares during the period. Vanguard Group Inc’s holdings in Shiloh Industries were worth $7,689,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of SHLO. Vanguard Group Inc. raised its holdings in shares of Shiloh Industries by 3.8% in the third quarter. Vanguard Group Inc. now owns 699,009 shares of the basic materials company’s stock valued at $7,689,000 after buying an additional 25,651 shares during the last quarter. Weber Alan W raised its holdings in shares of Shiloh Industries by 9.6% in the third quarter. Weber Alan W now owns 653,893 shares of the basic materials company’s stock valued at $7,193,000 after buying an additional 57,214 shares during the last quarter. Matarin Capital Management LLC bought a new position in shares of Shiloh Industries in the third quarter valued at about $354,000. Ibex Investors LLC bought a new position in shares of Shiloh Industries in the third quarter valued at about $195,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Shiloh Industries by 47.9% in the third quarter. Renaissance Technologies LLC now owns 168,111 shares of the basic materials company’s stock valued at $1,849,000 after buying an additional 54,411 shares during the last quarter. 43.85% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research cut Shiloh Industries from a “hold” rating to a “strong sell” rating in a report on Thursday, January 10th. Four investment analysts have rated the stock with a sell rating and one has issued a buy rating to the company. The stock presently has an average rating of “Sell” and a consensus target price of $12.00.

Shiloh Industries stock opened at $5.63 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.37 and a quick ratio of 1.07. Shiloh Industries, Inc. has a 12-month low of $5.50 and a 12-month high of $12.28. The stock has a market capitalization of $133.41 million, a P/E ratio of 9.08, a price-to-earnings-growth ratio of 3.91 and a beta of 1.47.

Shiloh Industries (NASDAQ:SHLO) last released its quarterly earnings results on Thursday, December 20th. The basic materials company reported ($0.23) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.35). The business had revenue of $300.06 million during the quarter. Shiloh Industries had a net margin of 1.01% and a return on equity of 4.50%. As a group, sell-side analysts predict that Shiloh Industries, Inc. will post 0.2 EPS for the current fiscal year.

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About Shiloh Industries

Shiloh Industries, Inc, together with its subsidiaries, provides lightweighting solutions to automotive and commercial vehicle markets worldwide. The company produces components primarily for body structure, chassis, and propulsion systems. Its solution materials include aluminum, magnesium, steel, high strength steel alloys, and acoustic laminates; body structure components comprise shock towers, instrument panels/cross car beams, torque boxes, tunnel supports, seat supports, seat back frames, hinge pillars, liftgates, door inners, roof supports/roof panels, dashpanels, and body sides; and chassis systems components, such as cross members, frame rails, axle carriers, bearing caps, axle covers, ptu covers, axle tubes, rack and pinion housings, steering column housings, knuckles, links, wheel hubs, steering pumps, brake components, wheel blanks, and flanges.

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Institutional Ownership by Quarter for Shiloh Industries (NASDAQ:SHLO)

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