A. Schulman, Inc. (SHLM) Cut to “Sell” at Zacks Investment Research

A. Schulman, Inc. (NASDAQ:SHLM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

According to Zacks, “Schulman Inc. operates in one industry segment which is the sale of plastic resins to customers who use the products as raw materials in their manufacturing operations. The Company purchases plastic resins and other materials which either can be sold directly to customers or used by the Company in the manufacture of other products for sale to customers. All of the products which the Company sells are used for the same purpose–as raw material to be molded or extruded by the Company’s customers. “

A number of other research firms have also weighed in on SHLM. BidaskClub upgraded shares of A. Schulman from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. ValuEngine lowered shares of A. Schulman from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. Finally, Longbow Research upgraded shares of A. Schulman from a “neutral” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Friday, August 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $35.00.

Shares of A. Schulman (SHLM) traded up 0.54% on Wednesday, hitting $37.40. 12,075 shares of the stock traded hands. A. Schulman has a one year low of $25.00 and a one year high of $39.85. The company’s market cap is $1.10 billion. The stock has a 50 day moving average of $32.63 and a 200 day moving average of $30.16.

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Large investors have recently added to or reduced their stakes in the company. Royce & Associates LP increased its stake in shares of A. Schulman by 77.2% in the second quarter. Royce & Associates LP now owns 559,015 shares of the basic materials company’s stock worth $17,888,000 after acquiring an additional 243,479 shares during the period. Marshall Wace North America L.P. acquired a new stake in shares of A. Schulman in the second quarter worth $1,633,000. Guyasuta Investment Advisors Inc. increased its stake in shares of A. Schulman by 13.0% in the second quarter. Guyasuta Investment Advisors Inc. now owns 34,815 shares of the basic materials company’s stock worth $1,114,000 after acquiring an additional 4,000 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of A. Schulman by 38.7% in the second quarter. BNP Paribas Arbitrage SA now owns 11,899 shares of the basic materials company’s stock worth $381,000 after acquiring an additional 3,323 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in shares of A. Schulman in the first quarter worth $1,215,000. Hedge funds and other institutional investors own 84.22% of the company’s stock.

About A. Schulman

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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