Lesa Sroufe & Co decreased its position in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) by 2.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 113,155 shares of the basic materials company’s stock after selling 2,983 shares during the period. Schnitzer Steel Industries comprises approximately 2.8% of Lesa Sroufe & Co’s portfolio, making the stock its 22nd biggest holding. Lesa Sroufe & Co owned about 0.42% of Schnitzer Steel Industries worth $3,185,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. State Street Corp lifted its stake in Schnitzer Steel Industries by 1.6% in the second quarter. State Street Corp now owns 1,344,366 shares of the basic materials company’s stock worth $33,877,000 after acquiring an additional 20,636 shares during the period. Rutabaga Capital Management LLC MA lifted its stake in Schnitzer Steel Industries by 69.4% in the second quarter. Rutabaga Capital Management LLC MA now owns 891,536 shares of the basic materials company’s stock worth $22,467,000 after acquiring an additional 365,259 shares during the period. Heartland Advisors Inc. lifted its stake in Schnitzer Steel Industries by 7.1% in the second quarter. Heartland Advisors Inc. now owns 711,995 shares of the basic materials company’s stock worth $17,942,000 after acquiring an additional 47,447 shares during the period. Teachers Advisors LLC lifted its stake in Schnitzer Steel Industries by 24.8% in the second quarter. Teachers Advisors LLC now owns 595,951 shares of the basic materials company’s stock worth $15,018,000 after acquiring an additional 118,453 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in Schnitzer Steel Industries by 395.2% in the second quarter. Wells Fargo & Company MN now owns 577,820 shares of the basic materials company’s stock worth $14,561,000 after acquiring an additional 461,146 shares during the period. Hedge funds and other institutional investors own 84.89% of the company’s stock.

Shares of Schnitzer Steel Industries, Inc. (SCHN) traded up $0.05 during trading on Friday, reaching $27.10. The company’s stock had a trading volume of 223,300 shares, compared to its average volume of 429,755. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.92 and a quick ratio of 0.97. The stock has a market capitalization of $732.03, a price-to-earnings ratio of 17.68 and a beta of 1.37. Schnitzer Steel Industries, Inc. has a fifty-two week low of $17.50 and a fifty-two week high of $31.35.

Schnitzer Steel Industries (NASDAQ:SCHN) last announced its quarterly earnings data on Tuesday, October 24th. The basic materials company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.62 by $0.01. The business had revenue of $494.00 million during the quarter, compared to analyst estimates of $495.73 million. Schnitzer Steel Industries had a return on equity of 8.49% and a net margin of 2.64%. The company’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 earnings per share. equities analysts expect that Schnitzer Steel Industries, Inc. will post 2.12 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Monday, November 13th will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 2.77%. The ex-dividend date is Friday, November 10th. Schnitzer Steel Industries’s dividend payout ratio is currently 47.17%.

In other news, CFO Richard Peach sold 8,000 shares of Schnitzer Steel Industries stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $28.33, for a total value of $226,640.00. Following the completion of the transaction, the chief financial officer now owns 119,283 shares of the company’s stock, valued at approximately $3,379,287.39. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Peter B. Saba sold 2,393 shares of Schnitzer Steel Industries stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $26.52, for a total value of $63,462.36. Following the completion of the transaction, the senior vice president now directly owns 30,911 shares of the company’s stock, valued at approximately $819,759.72. The disclosure for this sale can be found here. Insiders have sold 22,770 shares of company stock valued at $654,919 in the last three months. Insiders own 3.80% of the company’s stock.

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A number of brokerages recently commented on SCHN. Macquarie began coverage on Schnitzer Steel Industries in a research note on Wednesday, September 6th. They issued a “neutral” rating and a $26.00 price target for the company. BidaskClub lowered Schnitzer Steel Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Zacks Investment Research raised Schnitzer Steel Industries from a “hold” rating to a “strong-buy” rating and set a $29.00 price target for the company in a research note on Wednesday, August 16th. ValuEngine lowered Schnitzer Steel Industries from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. Finally, Morgan Stanley raised their price target on Schnitzer Steel Industries from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 31st. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $29.33.

Schnitzer Steel Industries Profile

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.

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

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