Trading Report: Today, Mason Street Advisors LLC Takes Position in A. Schulman Inc. (SHLM)

Today, Mason Street Advisors LLC Takes Position in A. Schulman Inc. (SHLM)

Mason Street Advisors LLC acquired a new stake in shares of A. Schulman Inc. (NASDAQ:SHLM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 5,708 shares of the company’s stock, valued at approximately $139,000.

A number of other institutional investors have also modified their holdings of the stock. Royal Bank of Canada raised its position in A. Schulman by 11.8% in the second quarter. Royal Bank of Canada now owns 20,659 shares of the company’s stock valued at $505,000 after buying an additional 2,181 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in A. Schulman by 18.9% in the second quarter. Public Employees Retirement System of Ohio now owns 4,351 shares of the company’s stock valued at $106,000 after buying an additional 692 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in A. Schulman by 10.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 186,497 shares of the company’s stock valued at $4,555,000 after buying an additional 18,030 shares in the last quarter. Stifel Financial Corp raised its position in A. Schulman by 5.9% in the second quarter. Stifel Financial Corp now owns 98,216 shares of the company’s stock valued at $2,399,000 after buying an additional 5,494 shares in the last quarter. Finally, Arizona State Retirement System raised its position in A. Schulman by 1.3% in the second quarter. Arizona State Retirement System now owns 15,154 shares of the company’s stock valued at $370,000 after buying an additional 200 shares in the last quarter. 89.54% of the stock is currently owned by institutional investors.

Shares of A. Schulman Inc. (NASDAQ:SHLM) opened at 27.91 on Monday. The stock’s 50 day moving average is $27.67 and its 200 day moving average is $26.46. A. Schulman Inc. has a 1-year low of $19.58 and a 1-year high of $39.05. The firm has a market capitalization of $818.85 million, a P/E ratio of 19.37 and a beta of 1.74.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 4th. Shareholders of record on Monday, October 24th will be issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 2.94%. A. Schulman’s dividend payout ratio (DPR) is presently 56.94%.

Several equities analysts have issued reports on the stock. Gabelli raised shares of A. Schulman from a “hold” rating to a “buy” rating in a report on Tuesday, October 4th. TheStreet raised shares of A. Schulman from a “hold” rating to a “buy” rating in a report on Friday, September 30th. Zacks Investment Research lowered shares of A. Schulman from a “hold” rating to a “strong sell” rating in a report on Saturday, August 27th. Northcoast Research raised shares of A. Schulman from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Friday, August 26th. Finally, Longbow Research lowered shares of A. Schulman from a “buy” rating to a “neutral” rating in a report on Thursday, August 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $35.40.

In other A. Schulman news, Director James A. Mitarotonda bought 25,000 shares of A. Schulman stock in a transaction on Tuesday, August 23rd. The shares were bought at an average cost of $24.38 per share, for a total transaction of $609,500.00. Following the acquisition, the director now directly owns 30,426 shares in the company, valued at $741,785.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James A. Mitarotonda bought 50,000 shares of A. Schulman stock in a transaction on Friday, August 12th. The shares were acquired at an average price of $21.95 per share, for a total transaction of $1,097,500.00. Following the completion of the acquisition, the director now owns 30,426 shares in the company, valued at $667,850.70. The disclosure for this purchase can be found here. Company insiders own 3.44% of the company’s stock.

About A. Schulman

A. Schulman, Inc is a supplier of plastic formulations, resins and services. The Company’s segments include Europe, Middle East and Africa (EMEA); United States & Canada (USCAN); Latin America (LATAM); Asia Pacific (APAC), and Engineered Composites (EC). The Company operates in six product families: custom performance colors (CPC), engineered composites, masterbatch solutions, engineered plastics, specialty powders and distribution services.

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