Schnitzer Steel Industries Inc. (NASDAQ:SCHN) shares fell 3.5% during trading on Friday . The company traded as low as $18.27 and last traded at $18.39, with a volume of 268,932 shares changing hands. The stock had previously closed at $19.05.

A number of research firms have recently commented on SCHN. Zacks Investment Research upgraded Schnitzer Steel Industries from a “strong sell” rating to a “hold” rating and set a $21.00 target price for the company in a research report on Saturday, July 2nd. TheStreet upgraded Schnitzer Steel Industries from a “sell” rating to a “hold” rating in a research report on Monday, April 25th. Five investment analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus price target of $19.25.

The company’s market capitalization is $505.95 million. The stock has a 50 day moving average price of $19.03 and a 200 day moving average price of $17.45.

Schnitzer Steel Industries (NASDAQ:SCHN) last posted its quarterly earnings data on Thursday, June 30th. The company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.28. The business earned $352 million during the quarter. Schnitzer Steel Industries’s revenue was down 24.6% compared to the same quarter last year. Analysts anticipate that Schnitzer Steel Industries Inc. will post $0.42 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 22nd. Stockholders of record on Monday, August 8th will be given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date of this dividend is Thursday, August 4th.

In other news, insider Jeffery Dyck sold 9,205 shares of the business’s stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $17.61, for a total value of $162,100.05. Following the completion of the sale, the insider now directly owns 38,265 shares in the company, valued at $673,846.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

A hedge fund recently bought a new stake in Schnitzer Steel Industries stock. Matarin Capital Management LLC purchased a new stake in Schnitzer Steel Industries Inc. (NASDAQ:SCHN) during the fourth quarter, according to its most recent disclosure with the SEC. The fund purchased 253,699 shares of the company’s stock, valued at approximately $3,646,000. Matarin Capital Management LLC owned 0.94% of Schnitzer Steel Industries at the end of the most recent quarter.

Schnitzer Steel Industries, Inc (SSI) is a recycler of ferrous and nonferrous scrap metal. The Company is recycler of used and salvaged vehicles and a manufacturer of finished steel products. The Company operates in three business segments: the Metals Recycling Business (MRB), the Auto Parts Business (APB) and the Steel Manufacturing Business (SMB).

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