UBS Asset Management Americas Inc. Boosts Position in A. Schulman, Inc. (SHLM)

UBS Asset Management Americas Inc. Boosts Position in A. Schulman, Inc. (SHLM)

UBS Asset Management Americas Inc. increased its stake in shares of A. Schulman, Inc. (NASDAQ:SHLM) by 18.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 13,799 shares of the company’s stock after buying an additional 2,100 shares during the period. UBS Asset Management Americas Inc.’s holdings in A. Schulman were worth $402,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of SHLM. Teacher Retirement System of Texas boosted its stake in A. Schulman by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 4,093 shares of the company’s stock valued at $100,000 after buying an additional 503 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in A. Schulman by 18.9% in the second quarter. Public Employees Retirement System of Ohio now owns 4,351 shares of the company’s stock valued at $106,000 after buying an additional 692 shares in the last quarter. Mason Street Advisors LLC bought a new stake in A. Schulman during the second quarter valued at approximately $139,000. PNC Financial Services Group Inc. boosted its stake in A. Schulman by 1.1% in the third quarter. PNC Financial Services Group Inc. now owns 4,995 shares of the company’s stock valued at $146,000 after buying an additional 54 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in A. Schulman by 313.9% in the second quarter. BlackRock Inc. now owns 8,112 shares of the company’s stock valued at $198,000 after buying an additional 6,152 shares in the last quarter. 91.01% of the stock is currently owned by institutional investors and hedge funds.

A. Schulman, Inc. (NASDAQ:SHLM) opened at 35.60 on Friday. The firm’s market capitalization is $1.05 billion. A. Schulman, Inc. has a 1-year low of $19.58 and a 1-year high of $37.70. The stock’s 50 day moving average is $34.13 and its 200 day moving average is $30.04.

A. Schulman (NASDAQ:SHLM) last posted its quarterly earnings data on Monday, January 9th. The company reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.04. A. Schulman had a negative net margin of 14.77% and a positive return on equity of 17.93%. The company earned $600 million during the quarter. During the same quarter last year, the company earned $0.50 earnings per share. The company’s quarterly revenue was down 7.6% compared to the same quarter last year. Analysts predict that A. Schulman, Inc. will post $2.11 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 1st. Investors of record on Sunday, January 15th will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Wednesday, January 11th. A. Schulman’s dividend payout ratio is presently -6.53%.

SHLM has been the topic of several recent research reports. Zacks Investment Research lowered shares of A. Schulman from a “hold” rating to a “sell” rating in a research note on Tuesday, November 1st. Northcoast Research lowered shares of A. Schulman from a “buy” rating to a “neutral” rating in a research note on Friday, October 28th. Seaport Global Securities lowered shares of A. Schulman from a “buy” rating to a “neutral” rating and set a $33.00 price target on the stock. in a research note on Thursday, November 17th. Gabelli upgraded shares of A. Schulman from a “hold” rating to a “buy” rating in a research note on Tuesday, October 4th. Finally, TheStreet lowered shares of A. Schulman from a “buy” rating to a “hold” rating in a research note on Wednesday, November 2nd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $33.33.

A. Schulman Company Profile

A. Schulman, Inc is a supplier of plastic formulations, resins and services. The Company’s segments include Europe, Middle East and Africa (EMEA); United States & Canada (USCAN); Latin America (LATAM); Asia Pacific (APAC), and Engineered Composites (EC). The Company operates in six product families: custom performance colors (CPC), engineered composites, masterbatch solutions, engineered plastics, specialty powders and distribution services.

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