A. Schulman Inc. (NASDAQ:SHLM) hit a new 52-week low during trading on Thursday . The stock traded as low as $19.58 and last traded at $21.96, with a volume of 1,484,090 shares trading hands. The stock had previously closed at $29.98.

SHLM has been the topic of several research analyst reports. TheStreet upgraded A. Schulman from a “hold” rating to a “buy” rating in a research report on Thursday, July 21st. Zacks Investment Research upgraded A. Schulman from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Wednesday, June 15th. Finally, Longbow Research upgraded A. Schulman from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 1st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. A. Schulman presently has an average rating of “Buy” and an average price target of $39.67.

The stock has a 50-day moving average of $27.14 and a 200 day moving average of $25.90. The stock has a market cap of $642.23 million and a price-to-earnings ratio of 15.19.

A. Schulman (NASDAQ:SHLM) last released its quarterly earnings data on Tuesday, June 28th. The company reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.01. The company earned $650.40 million during the quarter. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.72 EPS. Equities research analysts expect that A. Schulman Inc. will post $2.41 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 1st. Stockholders of record on Friday, July 15th were issued a $0.205 dividend. The ex-dividend date of this dividend was Wednesday, July 13th. This represents a $0.82 annualized dividend and a dividend yield of 3.75%.

Other hedge funds and institutional investors recently added to or reduced their stakes in the company. Rhumbline Advisers increased its position in A. Schulman by 4.2% in the fourth quarter. Rhumbline Advisers now owns 40,970 shares of the company’s stock valued at $1,255,000 after buying an additional 1,650 shares in 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 valued at $1,779,000 after buying an additional 4,675 shares in the last quarter. New York State Common Retirement Fund increased its position in A. Schulman by 34.3% in the fourth quarter. New York State Common Retirement Fund now owns 66,923 shares of the company’s stock valued at $2,051,000 after buying an additional 17,092 shares in the last quarter. California Public Employees Retirement System increased its position in A. Schulman by 2.2% in the fourth quarter. California Public Employees Retirement System now owns 95,477 shares of the company’s stock valued at $2,925,000 after buying an additional 2,100 shares in the last quarter. Finally, 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 valued at $22,254,000 after buying an additional 39,941 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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