Bailard Inc. Purchases 733 Shares of Schnitzer Steel Industries, Inc. (NASDAQ:SCHN)

Bailard Inc. lifted its position in shares of Schnitzer Steel Industries, Inc. (NASDAQ:SCHNGet Rating) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,448 shares of the basic materials company’s stock after purchasing an additional 733 shares during the quarter. Bailard Inc. owned 0.05% of Schnitzer Steel Industries worth $750,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cutler Group LP boosted its position in shares of Schnitzer Steel Industries by 130.1% during the fourth quarter. Cutler Group LP now owns 517 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 2,233 shares in the last quarter. Koshinski Asset Management Inc. bought a new stake in Schnitzer Steel Industries in the 4th quarter valued at $37,000. Marshall Wace LLP bought a new stake in Schnitzer Steel Industries in the 1st quarter valued at $71,000. Islay Capital Management LLC lifted its position in Schnitzer Steel Industries by 35.8% in the 4th quarter. Islay Capital Management LLC now owns 3,421 shares of the basic materials company’s stock valued at $178,000 after acquiring an additional 902 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in Schnitzer Steel Industries by 104.9% in the 2nd quarter. Royal Bank of Canada now owns 3,707 shares of the basic materials company’s stock valued at $182,000 after acquiring an additional 1,898 shares in the last quarter. 83.90% of the stock is currently owned by institutional investors.

Several equities research analysts recently commented on SCHN shares. StockNews.com started coverage on shares of Schnitzer Steel Industries in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research raised shares of Schnitzer Steel Industries from a “hold” rating to a “strong-buy” rating and set a $60.00 price objective on the stock in a research report on Tuesday, April 12th. Finally, KeyCorp boosted their price objective on shares of Schnitzer Steel Industries from $59.00 to $62.00 and gave the company an “overweight” rating in a research report on Wednesday, April 20th.

In other news, SVP Peter B. Saba sold 1,178 shares of the business’s stock in a transaction dated Wednesday, May 4th. The shares were sold at an average price of $44.46, for a total transaction of $52,373.88. Following the transaction, the senior vice president now directly owns 63,261 shares in the company, valued at approximately $2,812,584.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.20% of the company’s stock.

Shares of NASDAQ:SCHN opened at $37.43 on Tuesday. The company’s 50-day moving average price is $48.61 and its two-hundred day moving average price is $47.77. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.00 and a quick ratio of 1.02. Schnitzer Steel Industries, Inc. has a one year low of $35.34 and a one year high of $59.70. The stock has a market capitalization of $1.03 billion, a PE ratio of 5.85 and a beta of 1.48.

Schnitzer Steel Industries (NASDAQ:SCHNGet Rating) last issued its quarterly earnings results on Wednesday, April 6th. The basic materials company reported $1.38 EPS for the quarter, hitting the consensus estimate of $1.38. Schnitzer Steel Industries had a net margin of 5.86% and a return on equity of 24.20%. The firm had revenue of $783.20 million for the quarter, compared to analysts’ expectations of $779.39 million. During the same period in the previous year, the firm posted $1.51 EPS. The company’s revenue for the quarter was up 30.5% on a year-over-year basis. On average, analysts anticipate that Schnitzer Steel Industries, Inc. will post 7.53 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, May 2nd. Shareholders of record on Monday, April 18th were given a dividend of $0.1875 per share. The ex-dividend date of this dividend was Thursday, April 14th. This represents a $0.75 annualized dividend and a yield of 2.00%. Schnitzer Steel Industries’s dividend payout ratio (DPR) is presently 11.72%.

Schnitzer Steel Industries Profile (Get Rating)

Schnitzer Steel Industries, Inc recycles ferrous and nonferrous metal, and manufactures finished steel products worldwide. The company acquires, processes, and recycles salvaged vehicles, rail cars, home appliances, industrial machinery, manufacturing scrap, and construction and demolition scrap. It offers recycled ferrous metal, a feedstock used in the production of finished steel products; and nonferrous products, including mixed metal joint products recovered from the shredding process, such as zorba, zurik, aluminum, copper, stainless steel, nickel, brass, titanium, lead, and high temperature alloys.

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

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