Zacks Investment Research cut shares of Shiloh Industries (NASDAQ:SHLO) from a hold rating to a sell rating in a research report released on Tuesday.
According to Zacks, “Shiloh Industries, Inc. is a global supplier of lightweighting, noise and vibration solutions to the automotive, commercial vehicle and industrial markets, capable of delivering solutions in aluminum, magnesium, steel and high-strength steel alloys to original equipment manufacturers and suppliers. The company offers one of the broadest portfolio of lightweighting solutions in the industry through their BlankLight (TM), CastLight (TM) and StampLight (TM) brands. Shiloh designs and manufactures components in body, chassis and powertrain systems with expertise in precision blanks, ShilohCore (TM) acoustic laminates, aluminum and steel laser welded blanks, complex stampings, modular assemblies, aluminum and magnesium die casting, as well as precision machined components. Shiloh has operations, sales and technical centers throughout Asia, Europe and North America. “
Shiloh Industries (NASDAQ:SHLO) opened at $8.75 on Tuesday. Shiloh Industries has a twelve month low of $6.45 and a twelve month high of $14.99. The firm has a market capitalization of $196.32, a price-to-earnings ratio of 11.85 and a beta of 1.87. The company has a current ratio of 1.42, a quick ratio of 1.09 and a debt-to-equity ratio of 0.90.
A number of hedge funds have recently made changes to their positions in SHLO. Schwab Charles Investment Management Inc. acquired a new position in Shiloh Industries during the second quarter worth $182,000. Teachers Advisors LLC purchased a new stake in Shiloh Industries during the second quarter worth $197,000. TIAA CREF Investment Management LLC purchased a new stake in Shiloh Industries during the second quarter worth $415,000. New York State Common Retirement Fund purchased a new stake in Shiloh Industries during the second quarter worth $187,000. Finally, Northern Trust Corp boosted its position in Shiloh Industries by 158.9% during the second quarter. Northern Trust Corp now owns 129,637 shares of the basic materials company’s stock worth $1,522,000 after purchasing an additional 79,566 shares in the last quarter. 42.94% of the stock is currently owned by hedge funds and other institutional investors.
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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