A. Schulman (NASDAQ:SHLM) reached a new 52-week high and low during mid-day trading on Tuesday . The stock traded as low as $44.00 and last traded at $43.95, with a volume of 4041 shares. The stock had previously closed at $43.70.
Several equities research analysts have issued reports on the company. Zacks Investment Research upgraded A. Schulman from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a report on Wednesday, March 14th. BidaskClub downgraded A. Schulman from a “buy” rating to a “hold” rating in a report on Friday, April 6th. Longbow Research downgraded A. Schulman from a “buy” rating to a “neutral” rating in a report on Friday, February 16th. TheStreet downgraded A. Schulman from a “b-” rating to a “c” rating in a report on Wednesday, April 11th. Finally, Gabelli downgraded A. Schulman from a “buy” rating to a “hold” rating in a report on Friday, February 16th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $41.00.
The stock has a market capitalization of $1.30 billion, a P/E ratio of 31.73 and a beta of 1.37. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 4.15.
A. Schulman (NASDAQ:SHLM) last released its quarterly earnings data on Wednesday, March 28th. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.47). A. Schulman had a net margin of 1.74% and a return on equity of 20.83%. The company had revenue of $650.10 million for the quarter, compared to analyst estimates of $646.57 million. research analysts expect that A. Schulman will post 2.15 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 1st. Investors of record on Friday, April 13th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, April 12th. This represents a $0.82 dividend on an annualized basis and a yield of 1.86%. A. Schulman’s dividend payout ratio is currently 46.86%.
A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in A. Schulman by 0.8% during the 1st quarter. BlackRock Inc. now owns 3,748,836 shares of the basic materials company’s stock valued at $161,201,000 after purchasing an additional 28,959 shares during the period. Wells Fargo & Company MN boosted its position in A. Schulman by 57.3% during the 1st quarter. Wells Fargo & Company MN now owns 936,817 shares of the basic materials company’s stock valued at $40,283,000 after purchasing an additional 341,263 shares during the period. P Schoenfeld Asset Management LP acquired a new position in A. Schulman during the 1st quarter valued at approximately $35,238,000. Glenhill Advisors LLC boosted its position in A. Schulman by 11.8% during the 4th quarter. Glenhill Advisors LLC now owns 679,603 shares of the basic materials company’s stock valued at $25,315,000 after purchasing an additional 71,788 shares during the period. Finally, Royce & Associates LP boosted its position in A. Schulman by 4.4% during the 4th quarter. Royce & Associates LP now owns 556,483 shares of the basic materials company’s stock valued at $20,729,000 after purchasing an additional 23,268 shares during the period. Institutional investors and hedge funds own 87.10% of the company’s stock.
A. Schulman Company Profile
A. Schulman, Inc manufactures and supplies plastic compounds and resins. It offers custom performance colors, including standard and customized colors, organic and inorganic pigments, high chroma colors in translucent or opaque formats, and special effects. The company also provides engineered composites, such as bulk molding compounds, sheet molding compounds, and thick molding compounds, as well as high performance engineered structural composite solutions for original equipment manufacturers and custom molders.
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