A. Schulman Inc. (SHLM) Stock Price Up 3.4%
A. Schulman Inc. (NASDAQ:SHLM) rose 3.4% on Wednesday . The company traded as high as $25.11 and last traded at $25.10, with a volume of 156,524 shares. The stock had previously closed at $24.27.
SHLM has been the subject of a number of recent research reports. Zacks Investment Research raised A. Schulman from a “sell” rating to a “hold” rating in a research note on Wednesday, March 16th. Longbow Research raised A. Schulman from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 1st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $39.67.
The stock has a market capitalization of $734.06 million and a P/E ratio of 17.36. The firm has a 50 day moving average price of $24.47 and a 200-day moving average price of $25.68.
A. Schulman (NASDAQ:SHLM) last issued its earnings results on Tuesday, June 28th. The company reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.01. During the same quarter in the previous year, the company posted $0.72 earnings per share. The business earned $650.40 million during the quarter. The business’s quarterly revenue was up 16.0% on a year-over-year basis. Analysts forecast that A. Schulman Inc. will post $2.40 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 1st. Investors of record on Friday, July 15th will be issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 3.28%. The ex-dividend date is Wednesday, July 13th.
Other large investors have recently added to or reduced their stakes in the company. Tributary Capital Management LLC purchased a new stake in A. Schulman during the fourth quarter valued at $6,349,000. Wells Fargo & Company MN increased its stake in A. Schulman by 5.8% in the fourth quarter. Wells Fargo & Company MN now owns 726,292 shares of the company’s stock valued at $22,254,000 after buying an additional 39,941 shares during the period. LSV Asset Management increased its stake in A. Schulman by 155.6% in the fourth quarter. LSV Asset Management now owns 342,238 shares of the company’s stock valued at $10,486,000 after buying an additional 208,338 shares during the period. Dimensional Fund Advisors LP increased its stake in A. Schulman by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,383,556 shares of the company’s stock valued at $73,032,000 after buying an additional 13,380 shares during the period. Finally, State of Wisconsin Investment Board increased its stake in A. Schulman by 0.9% in the fourth quarter. State of Wisconsin Investment Board now owns 212,920 shares of the company’s stock valued at $6,524,000 after buying an additional 1,911 shares during the period.
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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