Crossmark Global Holdings Inc. purchased a new position in A. Schulman, Inc. (NASDAQ:SHLM) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,919 shares of the basic materials company’s stock, valued at approximately $202,000.
Other institutional investors have also recently made changes to their positions in the company. Royce & Associates LP boosted its stake in A. Schulman by 77.2% in the 2nd quarter. Royce & Associates LP now owns 559,015 shares of the basic materials company’s stock worth $17,888,000 after purchasing an additional 243,479 shares in the last quarter. Marshall Wace North America L.P. bought a new position in A. Schulman during the 2nd quarter valued at about $1,633,000. Guyasuta Investment Advisors Inc. lifted its stake in A. Schulman by 13.0% during the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 34,815 shares of the basic materials company’s stock valued at $1,114,000 after acquiring an additional 4,000 shares during the period. BNP Paribas Arbitrage SA lifted its stake in A. Schulman by 38.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,899 shares of the basic materials company’s stock valued at $381,000 after acquiring an additional 3,323 shares during the period. Finally, Alpha Windward LLC bought a new position in A. Schulman during the 3rd quarter valued at about $535,000. Institutional investors own 79.15% of the company’s stock.
A. Schulman, Inc. (NASDAQ SHLM) opened at $37.30 on Tuesday. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.09 and a current ratio of 1.68. The stock has a market cap of $1,121.00, a PE ratio of 21.71, a price-to-earnings-growth ratio of 1.87 and a beta of 1.57. A. Schulman, Inc. has a one year low of $25.00 and a one year high of $39.85.
Several equities analysts have issued reports on SHLM shares. TheStreet upgraded shares of A. Schulman from a “c-” rating to a “b-” rating in a research note on Tuesday, November 7th. Longbow Research upgraded shares of A. Schulman from a “neutral” rating to a “buy” rating and set a $37.00 target price on the stock in a research note on Friday, August 25th. ValuEngine upgraded shares of A. Schulman from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Zacks Investment Research upgraded shares of A. Schulman from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, BidaskClub upgraded shares of A. Schulman from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. A. Schulman currently has an average rating of “Buy” and an average target price of $39.00.
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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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