A Schulman Inc (NASDAQ:SHLM) saw unusually-strong trading volume on Friday . Approximately 5,479,600 shares traded hands during mid-day trading, an increase of 1,395% from the previous session’s volume of 366,581 shares.The stock last traded at $42.75 and had previously closed at $42.75.
Several brokerages have commented on SHLM. SunTrust Banks increased their target price on A Schulman from $32.00 to $37.00 and gave the company a “hold” rating in a research note on Monday, January 8th. BidaskClub upgraded A Schulman from a “sell” rating to a “hold” rating in a research note on Thursday, December 21st. TheStreet upgraded A Schulman from a “c-” rating to a “b-” rating in a research note on Tuesday, November 7th. Gabelli downgraded A Schulman from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Zacks Investment Research downgraded A Schulman from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $39.67.
The company has a current ratio of 1.61, a quick ratio of 0.98 and a debt-to-equity ratio of 4.01. The company has a market cap of $1,261.18, a P/E ratio of 33.89, a P/E/G ratio of 1.98 and a beta of 1.52.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Monday, January 15th were paid a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, January 11th. This represents a $0.82 annualized dividend and a yield of 1.92%. A Schulman’s dividend payout ratio is 65.08%.
Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC purchased a new position in shares of A Schulman in the 3rd quarter worth $111,000. Advisor Group Inc. boosted its stake in shares of A Schulman by 79.5% in the 4th quarter. Advisor Group Inc. now owns 3,262 shares of the basic materials company’s stock worth $121,000 after buying an additional 1,445 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of A Schulman by 1.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,854 shares of the basic materials company’s stock worth $156,000 after buying an additional 50 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of A Schulman in the 3rd quarter worth $202,000. Finally, Piedmont Investment Advisors LLC purchased a new position in shares of A Schulman in the 2nd quarter worth $204,000. Institutional investors and hedge funds own 78.26% of the company’s stock.
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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.
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