Capstone Asset Management Co. increased its stake in A. Schulman, Inc. (NASDAQ:SHLM) by 8.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,707 shares of the basic materials company’s stock after buying an additional 598 shares during the period. Capstone Asset Management Co.’s holdings in A. Schulman were worth $242,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Systematic Financial Management LP acquired a new stake in A. Schulman during the fourth quarter valued at about $1,757,000. Teton Advisors Inc. boosted its stake in A. Schulman by 55.0% in the fourth quarter. Teton Advisors Inc. now owns 68,500 shares of the basic materials company’s stock valued at $2,291,000 after buying an additional 24,300 shares in the last quarter. Martingale Asset Management L P acquired a new stake in A. Schulman during the fourth quarter valued at about $763,000. State Street Corp boosted its position in A. Schulman by 8.3% in the fourth quarter. State Street Corp now owns 634,835 shares of the basic materials company’s stock valued at $21,236,000 after buying an additional 48,740 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its position in A. Schulman by 18.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 25,741 shares of the basic materials company’s stock valued at $861,000 after buying an additional 3,928 shares in the last quarter. 88.52% of the stock is currently owned by hedge funds and other institutional investors.
Shares of A. Schulman, Inc. (NASDAQ:SHLM) traded down 0.68% during midday trading on Friday, reaching $29.00. The company’s stock had a trading volume of 300,538 shares. The stock’s 50-day moving average is $29.72 and its 200-day moving average is $32.15. The company’s market capitalization is $852.40 million. A. Schulman, Inc. has a one year low of $19.58 and a one year high of $37.70.
A. Schulman (NASDAQ:SHLM) last announced its quarterly earnings results on Tuesday, April 4th. The basic materials company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. A. Schulman had a negative net margin of 14.76% and a positive return on equity of 24.36%. The firm had revenue of $568.70 million during the quarter, compared to analysts’ expectations of $574.41 million. During the same period in the prior year, the company earned $0.31 EPS. The firm’s revenue was down 3.9% on a year-over-year basis. On average, equities analysts expect that A. Schulman, Inc. will post $2.04 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Friday, July 14th will be issued a $0.205 dividend. The ex-dividend date is Wednesday, July 12th. This represents a $0.82 dividend on an annualized basis and a yield of 2.83%. A. Schulman’s dividend payout ratio is currently -6.59%.
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Separately, Zacks Investment Research upgraded A. Schulman from a “sell” rating to a “hold” rating in a report on Thursday, April 20th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $33.00.
In other A. Schulman news, SVP Gustavo S. Perez sold 6,468 shares of the business’s stock in a transaction on Monday, April 10th. The shares were sold at an average price of $29.78, for a total value of $192,617.04. Following the transaction, the senior vice president now owns 37,492 shares in the company, valued at approximately $1,116,511.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.08% of the company’s stock.
About A. Schulman
A. Schulman, Inc is an international supplier of plastic formulations, resins and services, and provides solutions to its customers’ requirements through custom-formulated products. The Company’s customers span a range of markets, such as packaging, mobility, building and construction, electronics and electrical, agriculture, personal care and hygiene, custom services, and sports, home and leisure.
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