Schnitzer Steel Industries, Inc. (SCHN) Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its position in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) by 22.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,638 shares of the basic materials company’s stock after buying an additional 2,861 shares during the quarter. D.A. Davidson & CO. owned approximately 0.06% of Schnitzer Steel Industries worth $337,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SCHN. James Investment Research Inc. increased its position in Schnitzer Steel Industries by 2.9% in the 4th quarter. James Investment Research Inc. now owns 44,030 shares of the basic materials company’s stock valued at $949,000 after acquiring an additional 1,250 shares in the last quarter. Bank of Montreal Can increased its position in Schnitzer Steel Industries by 26.3% in the 4th quarter. Bank of Montreal Can now owns 7,373 shares of the basic materials company’s stock valued at $158,000 after acquiring an additional 1,536 shares in the last quarter. Legal & General Group Plc increased its position in Schnitzer Steel Industries by 15.8% in the 3rd quarter. Legal & General Group Plc now owns 9,504 shares of the basic materials company’s stock valued at $257,000 after acquiring an additional 1,297 shares in the last quarter. Vanguard Group Inc increased its position in Schnitzer Steel Industries by 2.3% in the 3rd quarter. Vanguard Group Inc now owns 2,833,756 shares of the basic materials company’s stock valued at $76,653,000 after acquiring an additional 64,054 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Schnitzer Steel Industries during the 3rd quarter worth approximately $2,513,000. Institutional investors and hedge funds own 84.41% of the company’s stock.

Several equities research analysts have recently commented on SCHN shares. Zacks Investment Research upgraded shares of Schnitzer Steel Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, October 17th. Macquarie set a $29.00 price target on shares of Schnitzer Steel Industries and gave the stock a “hold” rating in a research report on Thursday, October 25th. BidaskClub upgraded shares of Schnitzer Steel Industries from a “sell” rating to a “hold” rating in a research report on Thursday, November 15th. Cowen started coverage on shares of Schnitzer Steel Industries in a research report on Tuesday, January 8th. They set a “market perform” rating and a $24.00 price target for the company. Finally, Goldman Sachs Group cut shares of Schnitzer Steel Industries from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $33.00 to $27.00 in a research report on Monday, January 14th. Four analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock has a consensus rating of “Sell” and a consensus price target of $27.20.

Shares of NASDAQ SCHN opened at $24.00 on Monday. The company has a market cap of $648.62 million, a P/E ratio of 4.45 and a beta of 1.25. The company has a quick ratio of 1.27, a current ratio of 2.30 and a debt-to-equity ratio of 0.25. Schnitzer Steel Industries, Inc. has a 52-week low of $20.94 and a 52-week high of $38.15.

Schnitzer Steel Industries (NASDAQ:SCHN) last issued its quarterly earnings data on Wednesday, January 9th. The basic materials company reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.01. The firm had revenue of $564.00 million during the quarter, compared to analysts’ expectations of $561.48 million. Schnitzer Steel Industries had a net margin of 6.31% and a return on equity of 21.67%. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.63 earnings per share. As a group, equities research analysts predict that Schnitzer Steel Industries, Inc. will post 2.09 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 25th. Investors of record on Monday, February 11th will be issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Friday, February 8th. Schnitzer Steel Industries’s dividend payout ratio is currently 13.91%.

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Schnitzer Steel Industries Company Profile

Schnitzer Steel Industries, Inc recycles ferrous and nonferrous scrap metals; and manufactures finished steel products worldwide. The company operates through two segments, Auto and Metals Recycling (AMR), and Cascade Steel and Scrap (CSS). The AMR segment acquires, processes, and recycles scrap metals, as well as processes mixed and large pieces of scrap metal into smaller pieces by crushing, torching, shearing, shredding, and sorting.

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Institutional Ownership by Quarter for Schnitzer Steel Industries (NASDAQ:SCHN)

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