Convergence Investment Partners LLC Takes Position in A Schulman Inc (NASDAQ:SHLM)

Convergence Investment Partners LLC acquired a new position in shares of A Schulman Inc (NASDAQ:SHLM) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 24,951 shares of the basic materials company’s stock, valued at approximately $929,000. Convergence Investment Partners LLC owned about 0.08% of A Schulman as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings 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. Koch Industries Inc. bought a new position in A Schulman during the 2nd quarter worth $217,000. Goldman Sachs Group Inc. grew its stake in A Schulman by 294.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 280,629 shares of the basic materials company’s stock worth $8,980,000 after buying an additional 209,446 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in A Schulman by 952.8% during the 3rd quarter. Gamco Investors INC. ET AL now owns 189,500 shares of the basic materials company’s stock worth $6,471,000 after buying an additional 171,500 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in A Schulman by 67.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 393,323 shares of the basic materials company’s stock worth $12,588,000 after buying an additional 158,095 shares during the last quarter. Institutional investors own 78.67% of the company’s stock.

A number of research analysts recently commented on SHLM shares. Zacks Investment Research upgraded A Schulman from a “sell” rating to a “strong-buy” rating and set a $41.00 price objective for the company in a research note on Saturday, October 21st. SunTrust Banks reiterated a “hold” rating on shares of A Schulman in a research report on Friday, October 27th. TheStreet upgraded A Schulman from a “c-” rating to a “b-” rating in a research report on Tuesday, November 7th. ValuEngine lowered A Schulman from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, BidaskClub lowered A Schulman from a “hold” rating to a “sell” rating in a research report on Saturday, December 9th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. A Schulman currently has a consensus rating of “Hold” and a consensus target price of $39.67.

Shares of A Schulman Inc (NASDAQ SHLM) traded up $0.85 during trading on Friday, hitting $36.40. The stock had a trading volume of 234,030 shares, compared to its average volume of 143,361. The company has a debt-to-equity ratio of 4.01, a quick ratio of 0.98 and a current ratio of 1.61. The firm has a market capitalization of $1,073.84, a price-to-earnings ratio of 28.89, a price-to-earnings-growth ratio of 1.69 and a beta of 1.52. A Schulman Inc has a twelve month low of $25.00 and a twelve month high of $40.95.

A Schulman (NASDAQ:SHLM) last announced its quarterly earnings data on Monday, January 8th. The basic materials company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.11. The business had revenue of $674.60 million during the quarter, compared to analyst estimates of $639.10 million. A Schulman had a return on equity of 28.45% and a net margin of 1.78%. The company’s revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 earnings per share. equities research analysts expect that A Schulman Inc will post 2.2 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Monday, January 15th were given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend was Thursday, January 11th. A Schulman’s dividend payout ratio (DPR) is presently 65.08%.

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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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