A. Schulman Inc. (SHLM) Trading 5.9% Higher
A. Schulman Inc. (NASDAQ:SHLM) traded up 5.9% during mid-day trading on Tuesday . The company traded as high as $27.78 and last traded at $27.74, with a volume of 176,934 shares changing hands. The stock had previously closed at $26.19.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of A. Schulman from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 17th. Longbow Research raised shares of A. Schulman from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 1st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. A. Schulman has an average rating of “Buy” and an average price target of $39.67.
The company has a 50-day moving average of $24.74 and a 200-day moving average of $25.56. The stock has a market capitalization of $826.77 million and a PE ratio of 19.5558.
A. Schulman (NASDAQ:SHLM) last posted its earnings results on Tuesday, June 28th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. During the same quarter in the previous year, the firm earned $0.72 EPS. The firm earned $650.40 million during the quarter. The company’s revenue was up 16.0% compared to the same quarter last year. On average, equities analysts forecast that A. Schulman Inc. will post $2.41 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 1st. Shareholders 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 2.94%. The ex-dividend date of this dividend is Wednesday, July 13th.
A number of hedge funds recently modified their holdings of SHLM. Dimensional Fund Advisors LP increased its stake in shares of A. Schulman by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,383,556 shares of the company’s stock worth $73,032,000 after buying an additional 13,380 shares during the period. Wells Fargo & Company MN increased its position in A. Schulman by 5.8% in the fourth quarter. Wells Fargo & Company MN now owns 726,292 shares of the company’s stock worth $22,254,000 after buying an additional 39,941 shares during the last quarter. Bank of Montreal Can increased its position in 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 during the last quarter. Mutual of America Capital Management LLC increased its position in A. Schulman by 29.1% in the fourth quarter. Mutual of America Capital Management LLC now owns 142,661 shares of the company’s stock worth $4,371,000 after buying an additional 32,128 shares during the last quarter. Finally, Tributary Capital Management LLC acquired a new position in A. Schulman during the fourth quarter worth approximately $6,349,000.
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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