Brinker Capital Investments LLC Acquires 1,515 Shares of Schnitzer Steel Industries, Inc. (NASDAQ:SCHN)

Brinker Capital Investments LLC increased its holdings in Schnitzer Steel Industries, Inc. (NASDAQ:SCHNGet Rating) by 8.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,544 shares of the basic materials company’s stock after acquiring an additional 1,515 shares during the period. Brinker Capital Investments LLC’s holdings in Schnitzer Steel Industries were worth $556,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Greenleaf Trust grew its holdings in Schnitzer Steel Industries by 5.4% during the second quarter. Greenleaf Trust now owns 6,986 shares of the basic materials company’s stock valued at $229,000 after purchasing an additional 358 shares during the period. Legal & General Group Plc grew its holdings in Schnitzer Steel Industries by 3.4% during the second quarter. Legal & General Group Plc now owns 11,896 shares of the basic materials company’s stock valued at $390,000 after purchasing an additional 391 shares during the period. Captrust Financial Advisors grew its holdings in Schnitzer Steel Industries by 357.0% during the second quarter. Captrust Financial Advisors now owns 754 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 589 shares during the period. Strs Ohio grew its holdings in Schnitzer Steel Industries by 5.6% during the second quarter. Strs Ohio now owns 11,400 shares of the basic materials company’s stock valued at $374,000 after purchasing an additional 600 shares during the period. Finally, US Bancorp DE grew its holdings in Schnitzer Steel Industries by 53.4% during the first quarter. US Bancorp DE now owns 2,339 shares of the basic materials company’s stock valued at $121,000 after purchasing an additional 814 shares during the period. 82.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Schnitzer Steel Industries news, CFO Stefano R. Gaggini sold 7,466 shares of Schnitzer Steel Industries stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $26.29, for a total transaction of $196,281.14. Following the sale, the chief financial officer now directly owns 56,825 shares of the company’s stock, valued at approximately $1,493,929.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Schnitzer Steel Industries news, CFO Stefano R. Gaggini sold 7,466 shares of Schnitzer Steel Industries stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $26.29, for a total transaction of $196,281.14. Following the sale, the chief financial officer now directly owns 56,825 shares of the company’s stock, valued at approximately $1,493,929.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Michael R. Henderson sold 16,823 shares of Schnitzer Steel Industries stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $26.36, for a total transaction of $443,454.28. Following the transaction, the senior vice president now owns 123,695 shares of the company’s stock, valued at $3,260,600.20. The disclosure for this sale can be found here. 6.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on SCHN. StockNews.com began coverage on Schnitzer Steel Industries in a report on Wednesday, October 12th. They set a “hold” rating for the company. The Goldman Sachs Group cut their price target on Schnitzer Steel Industries from $45.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, October 6th. Finally, TheStreet lowered Schnitzer Steel Industries from a “b-” rating to a “c” rating in a report on Monday, October 24th.

Schnitzer Steel Industries Trading Down 1.8 %

Shares of SCHN stock opened at $33.07 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.94 and a current ratio of 2.05. Schnitzer Steel Industries, Inc. has a 52-week low of $25.96 and a 52-week high of $59.70. The company has a market capitalization of $891.14 million, a PE ratio of 9.42 and a beta of 1.51. The business’s fifty day moving average is $32.79 and its 200 day moving average is $32.30.

Schnitzer Steel Industries (NASDAQ:SCHNGet Rating) last released its quarterly earnings results on Thursday, January 5th. The basic materials company reported ($0.44) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.01. Schnitzer Steel Industries had a return on equity of 12.75% and a net margin of 3.19%. The business had revenue of $598.73 million for the quarter, compared to the consensus estimate of $624.40 million. On average, equities research analysts anticipate that Schnitzer Steel Industries, Inc. will post 0.93 EPS for the current fiscal year.

Schnitzer Steel Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 14th. Investors of record on Tuesday, January 31st will be paid a $0.1875 dividend. The ex-dividend date is Monday, January 30th. This represents a $0.75 annualized dividend and a dividend yield of 2.27%. Schnitzer Steel Industries’s payout ratio is presently 21.37%.

Schnitzer Steel Industries Company 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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