Principal Financial Group Inc. Has $7.58 Million Position in A. Schulman, Inc. (NASDAQ:SHLM)

Principal Financial Group Inc. cut its holdings in A. Schulman, Inc. (NASDAQ:SHLM) by 4.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 221,934 shares of the basic materials company’s stock after selling 9,174 shares during the quarter. Principal Financial Group Inc. owned about 0.75% of A. Schulman worth $7,579,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. US Bancorp DE raised its position in A. Schulman by 23.4% in the second quarter. US Bancorp DE now owns 3,486 shares of the basic materials company’s stock worth $111,000 after acquiring an additional 661 shares in the last quarter. PNC Financial Services Group Inc. raised its position in A. Schulman by 1.0% in the second quarter. PNC Financial Services Group Inc. now owns 4,854 shares of the basic materials company’s stock worth $156,000 after acquiring an additional 50 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in A. Schulman in the third quarter worth about $202,000. NJ State Employees Deferred Compensation Plan acquired a new stake in A. Schulman during the 3rd quarter worth about $205,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in A. Schulman during the 2nd quarter worth about $204,000. Hedge funds and other institutional investors own 78.94% of the company’s stock.

A. Schulman, Inc. (NASDAQ:SHLM) traded down $0.10 during trading hours on Friday, reaching $37.25. The company’s stock had a trading volume of 132,799 shares, compared to its average volume of 168,450. The stock has a market cap of $1,101.82, a PE ratio of 42.82, a PEG ratio of 1.84 and a beta of 1.57. A. Schulman, Inc. has a 52 week low of $25.00 and a 52 week high of $39.85. The company has a current ratio of 1.68, a quick ratio of 1.09 and a debt-to-equity ratio of 4.28.

A. Schulman (NASDAQ:SHLM) last announced its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.07. A. Schulman had a return on equity of 31.20% and a net margin of 1.35%. The business had revenue of $646.65 million during the quarter, compared to analysts’ expectations of $624.91 million. During the same quarter in the previous year, the business posted $0.47 EPS. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. sell-side analysts forecast that A. Schulman, Inc. will post 2.07 EPS for the current year.

SHLM has been the topic of several recent analyst reports. Zacks Investment Research upgraded A. Schulman from a “sell” rating to a “strong-buy” rating and set a $41.00 price objective on the stock in a report on Saturday, October 21st. SunTrust Banks restated a “hold” rating on shares of A. Schulman in a report on Friday, October 27th. TheStreet downgraded A. Schulman from a “b-” rating to a “c+” rating in a report on Wednesday, December 6th. ValuEngine downgraded A. Schulman from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, BidaskClub cut A. Schulman from a “hold” rating to a “sell” rating in a research note on Saturday, December 9th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. A. Schulman presently has a consensus rating of “Hold” and a consensus price target of $39.00.

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A. Schulman 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.

Institutional Ownership by Quarter for A. Schulman (NASDAQ:SHLM)

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