A Schulman (SHLM) Raised to “Hold” at BidaskClub

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BidaskClub upgraded shares of A Schulman (NASDAQ:SHLM) from a sell rating to a hold rating in a report published on Wednesday.

Several other equities analysts have also weighed in on SHLM. Zacks Investment Research upgraded shares of A Schulman from a sell rating to a hold rating in a research report on Wednesday, May 30th. TheStreet lowered shares of A Schulman from a b- rating to a c rating in a research report on Wednesday, April 11th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $41.00.

A Schulman opened at $44.50 on Wednesday, according to Marketbeat. The stock has a market cap of $1.32 billion, a P/E ratio of 32.05 and a beta of 1.34. The company has a debt-to-equity ratio of 4.15, a current ratio of 1.79 and a quick ratio of 1.09. A Schulman has a fifty-two week low of $25.00 and a fifty-two week high of $44.75.

A Schulman (NASDAQ:SHLM) last posted its quarterly earnings results on Wednesday, March 28th. The basic materials company reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.47). The company had revenue of $650.10 million for the quarter, compared to the consensus estimate of $646.57 million. A Schulman had a net margin of 1.74% and a return on equity of 20.83%. analysts predict that A Schulman will post 2.15 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 1st. Shareholders of record on Friday, July 13th will be issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 1.84%. The ex-dividend date is Thursday, July 12th. A Schulman’s dividend payout ratio (DPR) is presently 46.86%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in A Schulman by 0.8% during the first quarter. BlackRock Inc. now owns 3,748,836 shares of the basic materials company’s stock valued at $161,201,000 after purchasing an additional 28,959 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in A Schulman by 57.3% during the first quarter. Wells Fargo & Company MN now owns 936,817 shares of the basic materials company’s stock valued at $40,283,000 after purchasing an additional 341,263 shares during the last quarter. P Schoenfeld Asset Management LP purchased a new stake in A Schulman during the first quarter valued at about $35,238,000. Glenhill Advisors LLC lifted its holdings in A Schulman by 11.8% during the fourth quarter. Glenhill Advisors LLC now owns 679,603 shares of the basic materials company’s stock valued at $25,315,000 after purchasing an additional 71,788 shares during the last quarter. Finally, Gabelli Funds LLC lifted its holdings in A Schulman by 656.0% during the first quarter. Gabelli Funds LLC now owns 495,187 shares of the basic materials company’s stock valued at $21,293,000 after purchasing an additional 429,687 shares during the last quarter. 87.59% of the stock is currently owned by institutional investors and hedge funds.

About A Schulman

A. Schulman, Inc manufactures and supplies plastic compounds and resins. It offers custom performance colors, including standard and customized colors, organic and inorganic pigments, high chroma colors in translucent or opaque formats, and special effects. The company also provides engineered composites, such as bulk molding compounds, sheet molding compounds, and thick molding compounds, as well as high performance engineered structural composite solutions for original equipment manufacturers and custom molders.

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