A. Schulman Inc. (NASDAQ:SHLM)’s share price was down 2.7% during mid-day trading on Tuesday . The company traded as low as $27.36 and last traded at $27.39, with a volume of 197,103 shares traded. The stock had previously closed at $28.14.

A number of equities analysts recently issued reports on SHLM shares. Longbow Research upgraded shares of A. Schulman from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 1st. Zacks Investment Research upgraded shares of A. Schulman from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Wednesday, June 15th. TheStreet upgraded shares of A. Schulman from a “hold” rating to a “buy” rating in a research note on Thursday, July 21st. Gabelli cut shares of A. Schulman from a “buy” rating to a “hold” rating in a research note on Monday, August 15th. Finally, Northcoast Research upgraded shares of A. Schulman from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Friday, August 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $36.67.

The company has a market cap of $800.37 million, a price-to-earnings ratio of 18.93 and a beta of 1.70. The stock’s 50-day moving average is $26.15 and its 200-day moving average is $26.13.

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A. Schulman (NASDAQ:SHLM) last released its earnings results on Tuesday, June 28th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.01. A. Schulman had a return on equity of 12.28% and a net margin of 1.94%. The business earned $650.40 million during the quarter. During the same quarter last year, the business posted $0.72 earnings per share. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, equities analysts forecast that A. Schulman Inc. will post $1.92 earnings per share for the current fiscal year.

In other news, Director James A. Mitarotonda purchased 25,000 shares of the business’s stock in a transaction dated Tuesday, August 23rd. The shares were purchased at an average price of $24.38 per share, for a total transaction of $609,500.00. Following the completion of the purchase, the director now owns 30,426 shares in the company, valued at approximately $741,785.88. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director James A. Mitarotonda purchased 50,000 shares of the business’s stock in a transaction dated Friday, August 12th. The shares were purchased at an average price of $21.95 per share, for a total transaction of $1,097,500.00. Following the purchase, the director now owns 30,426 shares of the company’s stock, valued at approximately $667,850.70. The disclosure for this purchase can be found here. Insiders own 3.44% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Teacher Retirement System of Texas raised its position in shares of A. Schulman by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 4,093 shares of the company’s stock valued at $100,000 after buying an additional 503 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of A. Schulman by 18.9% in the second quarter. Public Employees Retirement System of Ohio now owns 4,351 shares of the company’s stock valued at $106,000 after buying an additional 692 shares in the last quarter. Mason Street Advisors LLC purchased a new position in shares of A. Schulman during the second quarter valued at approximately $139,000. Legal & General Group Plc raised its position in shares of A. Schulman by 9.9% in the first quarter. Legal & General Group Plc now owns 7,097 shares of the company’s stock valued at $190,000 after buying an additional 639 shares in the last quarter. Finally, BlackRock Inc. raised its position in shares of A. Schulman by 313.9% in the second quarter. BlackRock Inc. now owns 8,112 shares of the company’s stock valued at $198,000 after buying an additional 6,152 shares in the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

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.

5 Day Chart for NASDAQ:SHLM

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