A. Schulman, Inc. (NASDAQ:SHLM) Stake Boosted by Ameriprise Financial Inc.

Ameriprise Financial Inc. raised its holdings in A. Schulman, Inc. (NASDAQ:SHLM) by 67.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 393,323 shares of the basic materials company’s stock after acquiring an additional 158,095 shares during the period. Ameriprise Financial Inc. owned about 1.34% of A. Schulman worth $12,588,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. US Bancorp DE boosted its holdings in shares of A. Schulman by 23.4% in the 2nd quarter. US Bancorp DE now owns 3,486 shares of the basic materials company’s stock valued at $111,000 after purchasing an additional 661 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of A. Schulman by 78.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 5,807 shares of the basic materials company’s stock valued at $185,000 after purchasing an additional 2,557 shares in the last quarter. Mason Street Advisors LLC boosted its holdings in shares of A. Schulman by 7.3% in the 1st quarter. Mason Street Advisors LLC now owns 6,882 shares of the basic materials company’s stock valued at $216,000 after purchasing an additional 471 shares in the last quarter. Miles Capital Inc. lifted its stake in shares of A. Schulman by 0.3% in the 1st quarter. Miles Capital Inc. now owns 7,094 shares of the basic materials company’s stock valued at $223,000 after acquiring an additional 22 shares during the last quarter. Finally, Bogle Investment Management L P DE bought a new position in shares of A. Schulman in the 1st quarter valued at $224,000. 84.22% of the stock is owned by hedge funds and other institutional investors.

A. Schulman, Inc. (NASDAQ:SHLM) opened at 36.85 on Wednesday. The company’s market capitalization is $1.08 billion. The company’s 50-day moving average price is $33.29 and its 200 day moving average price is $30.29. A. Schulman, Inc. has a 12 month low of $25.00 and a 12 month high of $39.85.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 24th will be given a dividend of $0.205 per share. The ex-dividend date of this dividend is Monday, October 23rd. This represents a $0.82 annualized dividend and a yield of 2.23%. A. Schulman’s payout ratio is -6.56%.

A number of brokerages have recently commented on SHLM. Zacks Investment Research upgraded A. Schulman from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. ValuEngine upgraded A. Schulman from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. BidaskClub raised A. Schulman from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 17th. Finally, Longbow Research raised A. Schulman from a “neutral” rating to a “buy” rating and set a $37.00 target price for the company in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $35.00.

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A. Schulman Company 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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