A. Schulman Inc. (SHLM) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of A. Schulman Inc. (NASDAQ:SHLM) have received an average rating of “Hold” from the seven ratings firms that are covering the firm. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $36.67.
SHLM has been the topic of several recent analyst reports. Longbow Research cut shares of A. Schulman from a “buy” rating to a “neutral” rating in a report on Thursday, August 11th. TheStreet cut shares of A. Schulman from a “buy” rating to a “hold” rating in a report on Friday, September 9th. Gabelli cut shares of A. Schulman from a “buy” rating to a “hold” rating in a report on Monday, August 15th. 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 report on Friday, August 26th. Finally, Zacks Investment Research lowered A. Schulman from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 27th.
In related news, Director James A. Mitarotonda purchased 25,000 shares of the stock in a transaction dated Tuesday, August 23rd. The stock was purchased at an average price of $24.38 per share, with a total value of $609,500.00. Following the transaction, the director now directly owns 30,426 shares in the company, valued at $741,785.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James A. Mitarotonda purchased 50,000 shares of the stock in a transaction dated Friday, August 12th. The stock was bought at an average cost of $21.95 per share, with a total value of $1,097,500.00. Following the transaction, the director now owns 30,426 shares in the company, valued at $667,850.70. The disclosure for this purchase can be found here. 3.44% of the stock is owned by insiders.
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Several institutional investors have recently bought and sold shares of the company. Daruma Capital Management LLC increased its stake in A. Schulman by 12.4% in the first quarter. Daruma Capital Management LLC now owns 1,762,166 shares of the company’s stock valued at $47,966,000 after buying an additional 194,822 shares during the last quarter. Tributary Capital Management LLC increased its stake in A. Schulman by 11.3% in the second quarter. Tributary Capital Management LLC now owns 302,109 shares of the company’s stock valued at $7,378,000 after buying an additional 30,623 shares during the last quarter. Zebra Capital Management LLC increased its stake in A. Schulman by 155.5% in the first quarter. Zebra Capital Management LLC now owns 39,801 shares of the company’s stock valued at $1,083,000 after buying an additional 24,222 shares during the last quarter. Foundry Partners LLC acquired a new stake in A. Schulman during the second quarter valued at approximately $3,174,000. Finally, Swiss National Bank increased its stake in A. Schulman by 2.1% in the second quarter. Swiss National Bank now owns 47,900 shares of the company’s stock valued at $1,170,000 after buying an additional 1,000 shares during the last quarter. 89.54% of the stock is owned by hedge funds and other institutional investors.
A. Schulman (NASDAQ:SHLM) traded down 0.04% during trading on Monday, reaching $27.90. 76,846 shares of the company traded hands. The firm has a market capitalization of $818.56 million, a price-to-earnings ratio of 19.36 and a beta of 1.74. A. Schulman has a 52 week low of $19.58 and a 52 week high of $39.05. The company’s 50-day moving average price is $27.67 and its 200 day moving average price is $26.46.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 4th. Stockholders of record on Monday, October 24th will be given a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 2.94%. A. Schulman’s dividend payout ratio is presently 56.94%.
About A. Schulman
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.
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