Algert Global LLC decreased its position in shares of Shiloh Industries, Inc. (NASDAQ:SHLO) by 21.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 145,546 shares of the basic materials company’s stock after selling 40,919 shares during the period. Algert Global LLC owned about 0.62% of Shiloh Industries worth $1,601,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of SHLO. Dimensional Fund Advisors LP boosted its position in shares of Shiloh Industries by 2.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,967,076 shares of the basic materials company’s stock worth $21,638,000 after purchasing an additional 40,770 shares in the last quarter. Towle & Co. boosted its position in shares of Shiloh Industries by 7.0% in the 2nd quarter. Towle & Co. now owns 1,311,734 shares of the basic materials company’s stock worth $11,412,000 after purchasing an additional 85,972 shares in the last quarter. BlackRock Inc. boosted its position in shares of Shiloh Industries by 11.6% in the 2nd quarter. BlackRock Inc. now owns 930,255 shares of the basic materials company’s stock worth $8,094,000 after purchasing an additional 96,715 shares in the last quarter. Weber Alan W boosted its position in shares of Shiloh Industries by 1.7% in the 2nd quarter. Weber Alan W now owns 596,679 shares of the basic materials company’s stock worth $5,191,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Shiloh Industries by 47.9% in the 3rd quarter. Renaissance Technologies LLC now owns 168,111 shares of the basic materials company’s stock worth $1,849,000 after purchasing an additional 54,411 shares in the last quarter. Hedge funds and other institutional investors own 44.69% of the company’s stock.
A number of analysts have recently commented on SHLO shares. ValuEngine raised Shiloh Industries from a “sell” rating to a “hold” rating in a research report on Friday, September 7th. BMO Capital Markets set a $14.00 price target on Shiloh Industries and gave the stock a “buy” rating in a research report on Monday, September 17th. Bank of America cut Shiloh Industries from a “neutral” rating to an “underperform” rating and set a $10.00 price target on the stock. in a research report on Monday, October 1st. They noted that the move was a valuation call. Finally, BidaskClub cut Shiloh Industries from a “hold” rating to a “sell” rating in a research report on Thursday, October 11th. Three analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the stock. Shiloh Industries has an average rating of “Hold” and a consensus target price of $12.00.
SHLO stock opened at $7.72 on Friday. The company has a market capitalization of $185.32 million, a P/E ratio of 14.57 and a beta of 1.42. Shiloh Industries, Inc. has a 12-month low of $6.45 and a 12-month high of $12.28. The company has a current ratio of 1.42, a quick ratio of 1.11 and a debt-to-equity ratio of 1.14.
Shiloh Industries (NASDAQ:SHLO) last released its quarterly earnings data on Friday, September 7th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.08. The business had revenue of $294.88 million for the quarter. Shiloh Industries had a return on equity of 8.78% and a net margin of 1.72%. As a group, analysts forecast that Shiloh Industries, Inc. will post 0.75 EPS for the current year.
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Shiloh Industries Profile
Shiloh Industries, Inc, together with its subsidiaries, provides lightweighting, noise, and vibration solutions to automotive, commercial vehicle, and other industrial markets worldwide. The company produces body systems components, including shock towers, instrument panel/cross car beams, torque boxes, tunnel supports, seat supports, seat back frames, hinge pillars, lift gates, door inners, roof supports/roof panels, dashpanels, body sides, and B and C pillars; and chassis systems components, such as cross members, frame rails, axle carriers, bearing caps, axle covers and housings, clutch housings, PTU covers, axle tubes, rack and pinion housings, steering column housings, knuckles, links, wheel hubs, calipers, master cylinders, steering pumps, brake components, wheel blanks, and flanges.
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