Kaizen Advisory LLC trimmed its stake in shares of Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) by 15.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,263 shares of the basic materials company’s stock after selling 6,454 shares during the quarter. Kaizen Advisory LLC owned approximately 0.13% of Schnitzer Steel Industries worth $738,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Legal & General Group Plc increased its stake in Schnitzer Steel Industries by 8.9% during the 4th quarter. Legal & General Group Plc now owns 10,349 shares of the basic materials company’s stock valued at $223,000 after buying an additional 845 shares during the period. Municipal Employees Retirement System of Michigan acquired a new position in shares of Schnitzer Steel Industries in the 4th quarter worth approximately $1,218,000. Metropolitan Life Insurance Co. NY grew its stake in shares of Schnitzer Steel Industries by 401.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,055 shares of the basic materials company’s stock worth $195,000 after purchasing an additional 7,250 shares during the last quarter. Squarepoint Ops LLC grew its stake in shares of Schnitzer Steel Industries by 7.5% in the 4th quarter. Squarepoint Ops LLC now owns 45,369 shares of the basic materials company’s stock worth $978,000 after purchasing an additional 3,169 shares during the last quarter. Finally, Two Sigma Advisers LP grew its stake in shares of Schnitzer Steel Industries by 69.4% in the 4th quarter. Two Sigma Advisers LP now owns 25,466 shares of the basic materials company’s stock worth $549,000 after purchasing an additional 10,436 shares during the last quarter. Hedge funds and other institutional investors own 86.49% of the company’s stock.

Several equities analysts have recently issued reports on SCHN shares. Goldman Sachs Group cut shares of Schnitzer Steel Industries from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $33.00 to $27.00 in a research note on Monday, January 14th. ValuEngine cut shares of Schnitzer Steel Industries from a “sell” rating to a “strong sell” rating in a research note on Monday, November 26th. Cowen started coverage on shares of Schnitzer Steel Industries in a research note on Tuesday, January 8th. They issued a “market perform” rating and a $24.00 price objective on the stock. BidaskClub cut shares of Schnitzer Steel Industries from a “hold” rating to a “sell” rating in a research note on Thursday, December 27th. Finally, Zacks Investment Research raised shares of Schnitzer Steel Industries from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective on the stock in a research note on Wednesday, December 12th. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Schnitzer Steel Industries currently has an average rating of “Hold” and a consensus price target of $27.40.

Shares of Schnitzer Steel Industries stock traded down $0.10 during trading on Monday, hitting $23.60. The stock had a trading volume of 1,346 shares, compared to its average volume of 209,502. The company has a market cap of $640.52 million, a P/E ratio of 4.33 and a beta of 1.29. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.30 and a quick ratio of 1.27. Schnitzer Steel Industries, Inc. has a 1 year low of $20.94 and a 1 year high of $37.95.

Schnitzer Steel Industries (NASDAQ:SCHN) last released its earnings results on Wednesday, January 9th. The basic materials company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. The business had revenue of $564.00 million for the quarter, compared to the consensus estimate of $561.48 million. Schnitzer Steel Industries had a net margin of 6.31% and a return on equity of 21.67%. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period last year, the firm posted $0.63 earnings per share. On average, analysts expect that Schnitzer Steel Industries, Inc. will post 2.06 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, February 25th. Stockholders of record on Monday, February 11th were given a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend was Friday, February 8th. Schnitzer Steel Industries’s dividend payout ratio (DPR) is currently 13.91%.

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Schnitzer Steel Industries Profile

Schnitzer Steel Industries, Inc recycles ferrous and nonferrous scrap metals; and manufactures finished steel products worldwide. The company operates through two segments, Auto and Metals Recycling (AMR), and Cascade Steel and Scrap (CSS). The AMR segment acquires, processes, and recycles scrap metals, as well as processes mixed and large pieces of scrap metal into smaller pieces by crushing, torching, shearing, shredding, and sorting.

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

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