A. Schulman, Inc. (SHLM) Shares Bought by Gabelli Funds LLC

Gabelli Funds LLC lifted its stake in shares of A. Schulman, Inc. (NASDAQ:SHLM) by 63.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 86,800 shares of the basic materials company’s stock after buying an additional 33,800 shares during the quarter. Gabelli Funds LLC owned about 0.30% of A. Schulman worth $2,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in SHLM. Wellington Management Group LLP increased its position in shares of A. Schulman by 16.7% during the first quarter. Wellington Management Group LLP now owns 17,535 shares of the basic materials company’s stock valued at $551,000 after buying an additional 2,513 shares during the period. Teachers Advisors LLC increased its position in shares of A. Schulman by 4.9% during the first quarter. Teachers Advisors LLC now owns 52,344 shares of the basic materials company’s stock valued at $1,646,000 after buying an additional 2,468 shares during the period. Legal & General Group Plc increased its position in shares of A. Schulman by 4.2% during the first quarter. Legal & General Group Plc now owns 52,952 shares of the basic materials company’s stock valued at $1,665,000 after buying an additional 2,143 shares during the period. Thrivent Financial For Lutherans increased its position in shares of A. Schulman by 5.0% during the first quarter. Thrivent Financial For Lutherans now owns 16,650 shares of the basic materials company’s stock valued at $524,000 after buying an additional 800 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of A. Schulman by 6.3% during the first quarter. Vanguard Group Inc. now owns 2,654,590 shares of the basic materials company’s stock valued at $83,487,000 after buying an additional 156,877 shares during the period. Institutional investors own 79.29% of the company’s stock.

Shares of A. Schulman, Inc. (NASDAQ:SHLM) opened at $37.20 on Tuesday. The company has a market cap of $1,098.87, a PE ratio of 21.29, a P/E/G ratio of 1.83 and a beta of 1.60. A. Schulman, Inc. has a 52 week low of $25.00 and a 52 week high of $39.85. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.09 and a current ratio of 1.68.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 24th were paid a $0.205 dividend. The ex-dividend date of this dividend was Monday, October 23rd. This represents a $0.82 annualized dividend and a dividend yield of 2.20%. A. Schulman’s dividend payout ratio is presently 94.25%.

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Several equities research analysts recently commented on the stock. ValuEngine lowered shares of A. Schulman from a “buy” rating to a “hold” rating in a research note on Tuesday. TheStreet raised shares of A. Schulman from a “c-” rating to a “b-” rating in a research note on Tuesday, November 7th. Zacks Investment Research raised shares of A. Schulman from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. BidaskClub raised shares of A. Schulman from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 17th. Finally, Longbow Research raised shares of A. Schulman from a “neutral” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Friday, August 25th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $37.00.

About A. Schulman

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.

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

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