Trading Report: Today, Wells Fargo & Company MN Sold shares of A. Schulman Inc. (SHLM)

Today, Wells Fargo & Company MN Sold shares of A. Schulman Inc. (SHLM)

Wells Fargo & Company MN decreased its stake in A. Schulman Inc. (NASDAQ:SHLM) by 30.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 566,525 shares of the company’s stock after selling 248,875 shares during the period. Wells Fargo & Company MN owned 1.93% of A. Schulman worth $16,497,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of SHLM. Emerald Acquisition Ltd. bought a new stake in shares of A. Schulman during the second quarter valued at about $9,860,000. Massachusetts Financial Services Co. MA raised its stake in shares of A. Schulman by 2,742.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 362,171 shares of the company’s stock valued at $8,844,000 after buying an additional 349,431 shares during the last quarter. Peregrine Capital Management LLC bought a new stake in shares of A. Schulman during the third quarter valued at about $10,135,000. Deprince Race & Zollo Inc. raised its stake in shares of A. Schulman by 25.7% in the second quarter. Deprince Race & Zollo Inc. now owns 991,998 shares of the company’s stock valued at $24,225,000 after buying an additional 202,796 shares during the last quarter. Finally, Foundry Partners LLC bought a new stake in shares of A. Schulman during the second quarter valued at about $3,174,000. Institutional investors own 92.52% of the company’s stock.

A. Schulman Inc. (NASDAQ:SHLM) traded down 1.34% on Friday, reaching $33.10. 52,320 shares of the company traded hands. The stock’s 50-day moving average is $30.13 and its 200-day moving average is $27.18. A. Schulman Inc. has a 1-year low of $19.58 and a 1-year high of $35.31. The stock’s market capitalization is $971.05 million.

A. Schulman (NASDAQ:SHLM) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.32 by $0.15. A. Schulman had a negative net margin of 14.31% and a positive return on equity of 13.97%. The business had revenue of $604.60 million for the quarter, compared to analyst estimates of $584.92 million. During the same quarter in the previous year, the firm posted $0.64 earnings per share. A. Schulman’s quarterly revenue was down 10.3% on a year-over-year basis. Equities research analysts expect that A. Schulman Inc. will post $2.11 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 4th. Investors of record on Monday, October 24th were paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 2.48%. The ex-dividend date was Thursday, October 20th. A. Schulman’s payout ratio is currently -6.60%.

SHLM has been the subject of several research analyst reports. Longbow Research lowered shares of A. Schulman from a “buy” rating to a “neutral” rating in a research note on Thursday, August 11th. TheStreet lowered shares of A. Schulman from a “buy” rating to a “hold” rating in a research note on Friday, September 9th. Seaport Global Securities lowered shares of A. Schulman from a “buy” rating to a “neutral” rating and set a $33.00 price target for the company. in a research note on Thursday, November 17th. Northcoast Research lowered shares of A. Schulman from a “buy” rating to a “neutral” rating in a research note on Friday, October 28th. Finally, Gabelli lowered shares of A. Schulman from a “buy” rating to a “hold” rating in a research note on Monday, August 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. A. Schulman has an average rating of “Hold” and a consensus target price of $32.50.

A. Schulman Company Profile

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