LSV Asset Management Takes $1.61 Million Position in Schnitzer Steel Industries, Inc. (SCHN)

LSV Asset Management acquired a new position in shares of Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 48,200 shares of the basic materials company’s stock, valued at approximately $1,614,000. LSV Asset Management owned approximately 0.18% of Schnitzer Steel Industries as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Fox Run Management L.L.C. acquired a new position in shares of Schnitzer Steel Industries during the third quarter worth about $597,000. Engineers Gate Manager LP grew its position in shares of Schnitzer Steel Industries by 126.4% during the third quarter. Engineers Gate Manager LP now owns 41,286 shares of the basic materials company’s stock worth $1,162,000 after buying an additional 23,049 shares in the last quarter. Prudential Financial Inc. grew its position in shares of Schnitzer Steel Industries by 18.9% during the third quarter. Prudential Financial Inc. now owns 232,427 shares of the basic materials company’s stock worth $6,543,000 after buying an additional 37,010 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in shares of Schnitzer Steel Industries by 79.3% during the second quarter. TIAA CREF Investment Management LLC now owns 189,760 shares of the basic materials company’s stock worth $4,782,000 after buying an additional 83,951 shares in the last quarter. Finally, Hillcrest Asset Management LLC acquired a new position in shares of Schnitzer Steel Industries during the third quarter worth about $5,651,000. 87.76% of the stock is owned by institutional investors and hedge funds.

Schnitzer Steel Industries, Inc. (SCHN) opened at $35.25 on Thursday. The company has a quick ratio of 1.04, a current ratio of 2.31 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $914.02, a P/E ratio of 15.46 and a beta of 1.40. Schnitzer Steel Industries, Inc. has a fifty-two week low of $17.50 and a fifty-two week high of $38.85.

Schnitzer Steel Industries (NASDAQ:SCHN) last announced its quarterly earnings results on Tuesday, January 9th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.02. The firm had revenue of $483.00 million during the quarter, compared to the consensus estimate of $502.02 million. Schnitzer Steel Industries had a return on equity of 11.90% and a net margin of 3.50%. The firm’s quarterly revenue was up 44.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.05) earnings per share. equities analysts anticipate that Schnitzer Steel Industries, Inc. will post 2.67 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 26th. Investors of record on Monday, February 12th will be issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Friday, February 9th. Schnitzer Steel Industries’s dividend payout ratio (DPR) is 32.89%.

SCHN has been the subject of a number of research analyst reports. ValuEngine raised Schnitzer Steel Industries from a “hold” rating to a “buy” rating in a report on Saturday, December 9th. Zacks Investment Research raised Schnitzer Steel Industries from a “hold” rating to a “strong-buy” rating and set a $39.00 price target for the company in a report on Tuesday, January 2nd. Morgan Stanley upped their price target on Schnitzer Steel Industries from $27.00 to $29.00 and gave the company an “equal weight” rating in a report on Tuesday, October 31st. Finally, BidaskClub raised Schnitzer Steel Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, December 22nd. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. Schnitzer Steel Industries has a consensus rating of “Buy” and a consensus price target of $31.33.

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Schnitzer Steel Industries Profile

Schnitzer Steel Industries, Inc is a recycler of ferrous and nonferrous scrap metal, including end-of-life vehicles, and a manufacturer of finished steel products. The Company operates through two segments: the Auto and Metals Recycling (AMR) business and the Steel Manufacturing Business (SMB). The AMR segment collects and recycles auto bodies, rail cars, home appliances, industrial machinery, manufacturing scrap and construction and demolition scrap from bridges, buildings and other infrastructure.

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

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