UBS Group AG lowered its position in A. Schulman, Inc. (NASDAQ:SHLM) by 32.1% during the first quarter, Holdings Channel reports. The institutional investor owned 4,983 shares of the basic materials company’s stock after selling 2,355 shares during the period. UBS Group AG’s holdings in A. Schulman were worth $157,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SHLM. Fifth Third Bancorp boosted its position in A. Schulman by 0.3% in the first quarter. Fifth Third Bancorp now owns 13,272 shares of the basic materials company’s stock worth $417,000 after buying an additional 46 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of A. Schulman by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 3,250 shares of the basic materials company’s stock worth $102,000 after buying an additional 90 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of A. Schulman by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 12,000 shares of the basic materials company’s stock worth $377,000 after buying an additional 200 shares during the period. Arizona State Retirement System boosted its position in shares of A. Schulman by 1.3% in the first quarter. Arizona State Retirement System now owns 15,354 shares of the basic materials company’s stock worth $483,000 after buying an additional 200 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in shares of A. Schulman by 1.8% in the first quarter. Envestnet Asset Management Inc. now owns 17,936 shares of the basic materials company’s stock worth $563,000 after buying an additional 319 shares during the period. Institutional investors and hedge funds own 87.38% of the company’s stock.

A. Schulman, Inc. (NASDAQ:SHLM) traded down 0.19% during midday trading on Thursday, reaching $26.40. The company’s stock had a trading volume of 6,414 shares. A. Schulman, Inc. has a 1-year low of $19.58 and a 1-year high of $37.70. The company has a 50 day moving average of $28.46 and a 200-day moving average of $30.66. The company’s market capitalization is $776.69 million.

A. Schulman (NASDAQ:SHLM) last issued its earnings results on Wednesday, June 28th. The basic materials company reported $0.63 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.02. A. Schulman had a positive return on equity of 35.64% and a negative net margin of 14.86%. The company had revenue of $645.80 million during the quarter, compared to analysts’ expectations of $619.54 million. During the same period in the previous year, the company earned $0.79 EPS. A. Schulman’s quarterly revenue was down .7% on a year-over-year basis. Equities research analysts anticipate that A. Schulman, Inc. will post $1.65 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Friday, July 14th were paid a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 3.10%. The ex-dividend date was Wednesday, July 12th. A. Schulman’s dividend payout ratio (DPR) is -6.56%.

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A number of equities analysts recently commented on the company. ValuEngine cut A. Schulman from a “buy” rating to a “hold” rating in a report on Friday, July 28th. BidaskClub cut A. Schulman from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Finally, Zacks Investment Research upgraded A. Schulman from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. A. Schulman presently has a consensus rating of “Hold” and a consensus price target of $33.00.

About A. Schulman

A. Schulman, Inc is an international supplier of plastic formulations, resins and services, and provides solutions to its customers’ requirements through custom-formulated products. The Company’s customers span a range of markets, such as packaging, mobility, building and construction, electronics and electrical, agriculture, personal care and hygiene, custom services, and sports, home and leisure.

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Institutional Ownership by Quarter for A. Schulman (NASDAQ:SHLM)

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