TIAA CREF Investment Management LLC Takes Position in Shiloh Industries, Inc. (SHLO)

TIAA CREF Investment Management LLC acquired a new stake in Shiloh Industries, Inc. (NASDAQ:SHLO) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 35,382 shares of the basic materials company’s stock, valued at approximately $415,000. TIAA CREF Investment Management LLC owned 0.20% of Shiloh Industries as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Weber Alan W grew its position in shares of Shiloh Industries by 0.9% in the 2nd quarter. Weber Alan W now owns 296,679 shares of the basic materials company’s stock valued at $3,483,000 after purchasing an additional 2,521 shares during the period. Algert Global LLC grew its position in shares of Shiloh Industries by 36.0% in the 2nd quarter. Algert Global LLC now owns 123,479 shares of the basic materials company’s stock valued at $1,450,000 after purchasing an additional 32,654 shares during the period. Acadian Asset Management LLC grew its position in shares of Shiloh Industries by 50.5% in the 2nd quarter. Acadian Asset Management LLC now owns 77,491 shares of the basic materials company’s stock valued at $910,000 after purchasing an additional 26,012 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Shiloh Industries in the 2nd quarter valued at approximately $572,000. Finally, Martingale Asset Management L P acquired a new position in shares of Shiloh Industries in the 2nd quarter valued at approximately $538,000. Institutional investors and hedge funds own 31.83% of the company’s stock.

A number of equities analysts have weighed in on SHLO shares. BMO Capital Markets started coverage on Shiloh Industries in a research report on Wednesday, August 16th. They set an “outperform” rating and a $11.00 price target for the company. Bank of America Corporation started coverage on Shiloh Industries in a research report on Thursday, September 7th. They set a “neutral” rating and a $9.50 price target for the company.

Shares of Shiloh Industries, Inc. (SHLO) opened at $8.26 on Tuesday. Shiloh Industries, Inc. has a 12 month low of $6.68 and a 12 month high of $16.69. The stock has a market capitalization of $191.46, a P/E ratio of 9.20 and a beta of 2.16. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.07 and a current ratio of 1.39.

Shiloh Industries (NASDAQ:SHLO) last announced its quarterly earnings data on Tuesday, August 29th. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). Shiloh Industries had a return on equity of 10.67% and a net margin of 0.52%. The company had revenue of $256.85 million for the quarter, compared to the consensus estimate of $236.40 million. During the same quarter in the prior year, the company earned $0.03 EPS. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. research analysts forecast that Shiloh Industries, Inc. will post 0.65 earnings per share for the current year.

In other news, Director Jean Brunol sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $10.20, for a total transaction of $51,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 51.40% of the company’s stock.

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Shiloh Industries Company Profile

Shiloh Industries, Inc is a supplier of lightweighting, noise and vibration solutions to the automotive, commercial vehicle and industrial markets. The Company operates through Automotive and Commercial Vehicles segment. The Company offers portfolio of lightweighting solutions in aluminum, magnesium, steel and high strength steel alloys.

Institutional Ownership by Quarter for Shiloh Industries (NASDAQ:SHLO)

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