A. Schulman Inc. (NASDAQ:SHLM) – Investment analysts at SunTrust Banks decreased their Q3 2017 EPS estimates for A. Schulman in a research note issued to investors on Thursday. SunTrust Banks analyst J. Freuchtel now forecasts that the brokerage will earn $0.76 per share for the quarter, down from their prior estimate of $0.78. SunTrust Banks also issued estimates for A. Schulman’s Q4 2017 earnings at $0.67 EPS.
Several other research analysts have also recently issued reports on SHLM. Zacks Investment Research cut A. Schulman from a “buy” rating to a “hold” rating in a report on Thursday, June 16th. TheStreet raised A. Schulman from a “hold” rating to a “buy” rating in a report on Thursday, July 21st. Northcoast Research raised 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. Gabelli cut A. Schulman from a “buy” rating to a “hold” rating in a report on Monday, August 15th. Finally, Longbow Research cut A. Schulman from a “buy” rating to a “neutral” rating in a report on Thursday, August 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $35.40.
Hedge funds have recently made changes to their positions in the stock. Eqis Capital Management Inc. increased its position in A. Schulman by 0.3% in the second quarter. Eqis Capital Management Inc. now owns 9,239 shares of the company’s stock worth $226,000 after buying an additional 26 shares during the period. Foundry Partners LLC bought a new position in A. Schulman during the second quarter worth $3,174,000. BNP Paribas Arbitrage SA increased its position in A. Schulman by 101.0% in the second quarter. BNP Paribas Arbitrage SA now owns 9,713 shares of the company’s stock worth $237,000 after buying an additional 4,881 shares during the period. Daruma Capital Management LLC increased its position in A. Schulman by 12.4% in the first quarter. Daruma Capital Management LLC now owns 1,762,166 shares of the company’s stock worth $47,966,000 after buying an additional 194,822 shares during the period. Finally, Arizona State Retirement System increased its position in A. Schulman by 3.5% in the first quarter. Arizona State Retirement System now owns 14,954 shares of the company’s stock worth $407,000 after buying an additional 500 shares during the period. 89.35% of the stock is currently owned by institutional investors.
In other news, Director James A. Mitarotonda bought 25,000 shares of the business’s stock in a transaction on Tuesday, August 23rd. The shares were bought at an average cost of $24.38 per share, with a total value of $609,500.00. Following the purchase, the director now directly owns 30,426 shares in the company, valued at $741,785.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director James A. Mitarotonda bought 50,000 shares of the business’s stock in a transaction on Friday, August 12th. The shares were purchased at an average cost of $21.95 per share, for a total transaction of $1,097,500.00. Following the completion of the purchase, 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.
A. Schulman Company Profile
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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