The Manufacturers Life Insurance Company Boosts Stake in A. Schulman, Inc. (SHLM)

The Manufacturers Life Insurance Company lifted its position in A. Schulman, Inc. (NASDAQ:SHLM) by 0.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,449 shares of the basic materials company’s stock after purchasing an additional 36 shares during the quarter. The Manufacturers Life Insurance Company owned 0.08% of A. Schulman worth $718,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of A. Schulman by 45,121.7% in the 1st quarter. BlackRock Inc. now owns 3,588,792 shares of the basic materials company’s stock valued at $112,868,000 after acquiring an additional 3,580,856 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of A. Schulman by 8.7% in the 2nd quarter. Vanguard Group Inc. now owns 2,885,838 shares of the basic materials company’s stock valued at $92,346,000 after acquiring an additional 231,248 shares during the last quarter. Deprince Race & Zollo Inc. lifted its stake in shares of A. Schulman by 16.7% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,124,746 shares of the basic materials company’s stock valued at $35,992,000 after acquiring an additional 160,832 shares during the last quarter. Northern Trust Corp lifted its stake in shares of A. Schulman by 3.8% in the 2nd quarter. Northern Trust Corp now owns 889,569 shares of the basic materials company’s stock valued at $28,467,000 after acquiring an additional 32,566 shares during the last quarter. Finally, LSV Asset Management lifted its stake in shares of A. Schulman by 11.7% in the 2nd quarter. LSV Asset Management now owns 739,006 shares of the basic materials company’s stock valued at $23,648,000 after acquiring an additional 77,691 shares during the last quarter. Hedge funds and other institutional investors own 79.29% of the company’s stock.

Shares of A. Schulman, Inc. (NASDAQ SHLM) opened at $37.13 on Friday. A. Schulman, Inc. has a 52 week low of $25.00 and a 52 week high of $39.85. The company has a quick ratio of 1.09, a current ratio of 1.68 and a debt-to-equity ratio of 4.28. The firm has a market capitalization of $1,095.19, a PE ratio of 21.21, a PEG ratio of 1.83 and a beta of 1.60.

A. Schulman (NASDAQ:SHLM) last released its earnings results on Wednesday, October 25th. The basic materials company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.07. A. Schulman had a return on equity of 31.20% and a net margin of 1.35%. The company had revenue of $646.65 million during the quarter, compared to analyst estimates of $624.91 million. During the same quarter in the previous year, the company posted $0.47 EPS. A. Schulman’s revenue for the quarter was up 7.0% on a year-over-year basis. analysts expect that A. Schulman, Inc. will post 2.07 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 24th were given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date was Monday, October 23rd. A. Schulman’s payout ratio is 94.25%.

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SHLM has been the subject of a number of recent research reports. ValuEngine raised A. Schulman from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Zacks Investment Research lowered A. Schulman from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. BidaskClub raised A. Schulman from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. TheStreet raised A. Schulman from a “c-” rating to a “b-” rating in a research note on Tuesday, November 7th. Finally, SunTrust Banks, Inc. reissued a “hold” rating on shares of A. Schulman in a research note on Friday, October 27th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. A. Schulman presently has a consensus rating of “Buy” and a consensus price target of $39.00.

A. Schulman Company Profile

A. Schulman, Inc is an international supplier of plastic formulations, resins and services, and provides solutions to its customers’ requirements through custom-formulated products. The Company’s customers span a range of markets, such as packaging, mobility, building and construction, electronics and electrical, agriculture, personal care and hygiene, custom services, and sports, home and leisure.

Institutional Ownership by Quarter for A. Schulman (NASDAQ:SHLM)

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