A. Schulman, Inc. (NASDAQ:SHLM) saw a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 523,782 shares, a decline of 33.9% from the October 13th total of 792,766 shares. Approximately 1.8% of the company’s shares are sold short. Based on an average trading volume of 193,245 shares, the days-to-cover ratio is presently 2.7 days.
A number of hedge funds and other institutional investors have recently modified their holdings of SHLM. BlackRock Inc. raised its position in A. Schulman by 45,121.7% during the 1st quarter. BlackRock Inc. now owns 3,588,792 shares of the basic materials company’s stock valued at $112,868,000 after purchasing an additional 3,580,856 shares in the last quarter. Royce & Associates LP raised its position in shares of A. Schulman by 77.2% in the 2nd quarter. Royce & Associates LP now owns 559,015 shares of the basic materials company’s stock worth $17,888,000 after acquiring an additional 243,479 shares in the last quarter. Vanguard Group Inc. raised its position in shares of A. Schulman by 8.7% in the 2nd quarter. Vanguard Group Inc. now owns 2,885,838 shares of the basic materials company’s stock worth $92,346,000 after acquiring an additional 231,248 shares in the last quarter. Koch Industries Inc. bought a new position in shares of A. Schulman in the 2nd quarter worth $217,000. Finally, Goldman Sachs Group Inc. raised its position in shares of A. Schulman by 294.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 280,629 shares of the basic materials company’s stock worth $8,980,000 after acquiring an additional 209,446 shares in the last quarter. 79.29% of the stock is owned by institutional investors and hedge funds.
Shares of A. Schulman (NASDAQ:SHLM) opened at $37.20 on Tuesday. The company has a current ratio of 1.68, a quick ratio of 1.09 and a debt-to-equity ratio of 4.28. The firm has a market capitalization of $1,098.87, a price-to-earnings ratio of 21.29, a price-to-earnings-growth ratio of 1.83 and a beta of 1.60. A. Schulman has a 1 year low of $25.00 and a 1 year high of $39.85.
A. Schulman (NASDAQ:SHLM) last issued its earnings results on Wednesday, October 25th. The basic materials company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.07. The business had revenue of $646.65 million during the quarter, compared to analyst estimates of $624.91 million. A. Schulman had a return on equity of 31.20% and a net margin of 1.35%. A. Schulman’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 EPS. equities research analysts predict that A. Schulman will post 2.07 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 24th were given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend was Monday, October 23rd. A. Schulman’s dividend payout ratio (DPR) is presently 94.25%.
A number of equities analysts recently issued reports on SHLM shares. ValuEngine upgraded A. Schulman from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Zacks Investment Research cut A. Schulman from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. BidaskClub upgraded A. Schulman from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. TheStreet raised A. Schulman from a “c-” rating to a “b-” rating in a research report on Tuesday, November 7th. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating on shares of A. Schulman in a research report on Friday, October 27th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. A. Schulman has a consensus rating of “Buy” and a consensus target price of $37.00.
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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