UBS Group AG decreased its stake in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) by 29.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,056 shares of the basic materials company’s stock after selling 2,954 shares during the period. UBS Group AG’s holdings in Schnitzer Steel Industries were worth $146,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Guggenheim Capital LLC acquired a new stake in Schnitzer Steel Industries during the fourth quarter valued at approximately $369,000. Norges Bank purchased a new position in shares of Schnitzer Steel Industries during the fourth quarter valued at about $18,585,000. Teachers Advisors LLC increased its position in shares of Schnitzer Steel Industries by 0.4% in the fourth quarter. Teachers Advisors LLC now owns 431,834 shares of the basic materials company’s stock valued at $11,098,000 after buying an additional 1,673 shares in the last quarter. Alpha Windward LLC increased its position in shares of Schnitzer Steel Industries by 5.6% in the first quarter. Alpha Windward LLC now owns 18,060 shares of the basic materials company’s stock valued at $373,000 after buying an additional 960 shares in the last quarter. Finally, Strs Ohio increased its position in shares of Schnitzer Steel Industries by 21.6% in the first quarter. Strs Ohio now owns 34,300 shares of the basic materials company’s stock valued at $708,000 after buying an additional 6,100 shares in the last quarter. 83.49% of the stock is currently owned by institutional investors and hedge funds.

Shares of Schnitzer Steel Industries, Inc. (NASDAQ SCHN) traded down 0.99% on Friday, hitting $25.05. 28,399 shares of the stock traded hands. Schnitzer Steel Industries, Inc. has a 52-week low of $17.30 and a 52-week high of $30.60. The stock’s 50 day moving average price is $25.15 and its 200 day moving average price is $22.14. The stock has a market cap of $691.38 million, a P/E ratio of 16.29 and a beta of 1.33.

Schnitzer Steel Industries (NASDAQ:SCHN) last issued its quarterly earnings data on Monday, June 26th. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.56. Schnitzer Steel Industries had a net margin of 2.68% and a return on equity of 8.34%. The firm had revenue of $477 million for the quarter. During the same period in the previous year, the firm earned $0.46 EPS. The firm’s quarterly revenue was up 35.5% on a year-over-year basis. On average, equities analysts expect that Schnitzer Steel Industries, Inc. will post $1.44 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, August 7th will be given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date is Thursday, August 3rd. Schnitzer Steel Industries’s payout ratio is currently 49.02%.

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SCHN has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Schnitzer Steel Industries from a “buy” rating to a “hold” rating in a research note on Saturday, July 22nd. TheStreet upgraded shares of Schnitzer Steel Industries from a “c+” rating to a “b” rating in a research note on Friday, June 30th.

About Schnitzer Steel Industries

Schnitzer Steel Industries, Inc is a recycler of ferrous and nonferrous scrap metal, including end-of-life vehicles, and a manufacturer of finished steel products. The Company operates through two segments: the Auto and Metals Recycling (AMR) business and the Steel Manufacturing Business (SMB). The AMR segment collects and recycles auto bodies, rail cars, home appliances, industrial machinery, manufacturing scrap and construction and demolition scrap from bridges, buildings and other infrastructure.

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Institutional Ownership by Quarter for Schnitzer Steel Industries (NASDAQ:SCHN)

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