First Quadrant L P CA bought a new stake in shares of Shiloh Industries, Inc. (NASDAQ:SHLO) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 44,907 shares of the basic materials company’s stock, valued at approximately $467,000. First Quadrant L P CA owned about 0.19% of Shiloh Industries as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of SHLO. Russell Investments Group Ltd. purchased a new stake in Shiloh Industries during the second quarter valued at approximately $105,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in Shiloh Industries during the second quarter valued at approximately $141,000. Virtu KCG Holdings LLC purchased a new stake in Shiloh Industries during the second quarter valued at approximately $157,000. California State Teachers Retirement System purchased a new stake in Shiloh Industries during the second quarter valued at approximately $181,000. Finally, Schwab Charles Investment Management Inc. purchased a new stake in Shiloh Industries during the second quarter valued at approximately $182,000. 21.91% of the stock is owned by institutional investors.
In other Shiloh Industries news, Director Jean Brunol sold 10,189 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $10.37, for a total transaction of $105,659.93. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 51.40% of the company’s stock.
A number of equities research analysts recently commented on the stock. Bank of America Corporation assumed coverage on shares of Shiloh Industries in a research report on Thursday, September 7th. They set a “neutral” rating and a $9.50 target price for the company. BMO Capital Markets assumed coverage on shares of Shiloh Industries in a research report on Wednesday, August 16th. They set an “outperform” rating and a $11.00 target price for the company. Finally, ValuEngine cut shares of Shiloh Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th.
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Shares of Shiloh Industries, Inc. (NASDAQ:SHLO) opened at $8.86 on Monday. Shiloh Industries, Inc. has a 52-week low of $6.50 and a 52-week high of $16.69. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.07 and a current ratio of 1.39. The company has a market cap of $204.88, a P/E ratio of 9.84 and a beta of 2.16.
Shiloh Industries (NASDAQ:SHLO) last issued its quarterly earnings results on Tuesday, August 29th. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.02). Shiloh Industries had a net margin of 0.52% and a return on equity of 10.67%. The company had revenue of $256.85 million for the quarter, compared to analyst estimates of $236.40 million. During the same quarter in the previous year, the company posted $0.03 EPS. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. equities analysts forecast that Shiloh Industries, Inc. will post 0.65 EPS for the current fiscal year.
Shiloh Industries Company Profile
Shiloh Industries, Inc is a supplier of lightweighting, noise and vibration solutions to the automotive, commercial vehicle and industrial markets. The Company operates through Automotive and Commercial Vehicles segment. The Company offers portfolio of lightweighting solutions in aluminum, magnesium, steel and high strength steel alloys.
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