A. Schulman Inc. (SHLM) Sees Unusually-High Trading Volume
A. Schulman Inc. (NASDAQ:SHLM) saw unusually-high trading volume on Thursday . Approximately 311,102 shares changed hands during trading, an increase of 5% from the previous session’s volume of 296,315 shares.The stock last traded at $25.38 and had previously closed at $25.02.
A number of brokerages have recently commented on SHLM. Zacks Investment Research cut shares of A. Schulman from a “buy” rating to a “hold” rating in a research note on Thursday, June 16th. Longbow Research raised shares of A. Schulman from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 1st. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $39.67.
The company has a market cap of $733.48 million and a PE ratio of 17.35. The stock’s 50 day moving average price is $24.50 and its 200-day moving average price is $25.67.
A. Schulman (NASDAQ:SHLM) last announced its quarterly earnings results on Tuesday, June 28th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.01. The business earned $650.40 million during the quarter. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period last year, the business earned $0.72 earnings per share. Equities analysts expect that A. Schulman Inc. will post $2.41 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 1st. Investors of record on Friday, July 15th will be issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend is Wednesday, July 13th.
A number of large investors have recently modified their holdings of the stock. California State Teachers Retirement System boosted its stake in shares of A. Schulman by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 54,278 shares of the company’s stock worth $1,663,000 after buying an additional 885 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of A. Schulman by 4.2% in the fourth quarter. Rhumbline Advisers now owns 40,970 shares of the company’s stock worth $1,255,000 after buying an additional 1,650 shares in the last quarter. State of Wisconsin Investment Board boosted its stake in shares of A. Schulman by 0.9% in the fourth quarter. State of Wisconsin Investment Board now owns 212,920 shares of the company’s stock worth $6,524,000 after buying an additional 1,911 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of A. Schulman by 2.2% in the fourth quarter. California Public Employees Retirement System now owns 95,477 shares of the company’s stock worth $2,925,000 after buying an additional 2,100 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of A. Schulman by 8.8% in the fourth quarter. Bank of Montreal Can now owns 58,045 shares of the company’s stock worth $1,779,000 after buying an additional 4,675 shares in the last quarter.
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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