Shiloh Industries (SHLO) Raised to “Hold” at ValuEngine

ValuEngine upgraded shares of Shiloh Industries (NASDAQ:SHLO) from a sell rating to a hold rating in a report issued on Friday morning.

Separately, Zacks Investment Research upgraded shares of Shiloh Industries from a sell rating to a hold rating in a research report on Wednesday, May 9th.

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Shares of NASDAQ SHLO opened at $9.89 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.42 and a debt-to-equity ratio of 0.90. Shiloh Industries has a 52-week low of $6.45 and a 52-week high of $14.97. The company has a market capitalization of $230.87 million, a price-to-earnings ratio of 18.66 and a beta of 1.73.

Shiloh Industries (NASDAQ:SHLO) last announced its quarterly earnings results on Thursday, March 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.14. Shiloh Industries had a net margin of 0.59% and a return on equity of 7.93%. The firm had revenue of $247.67 million during the quarter, compared to analysts’ expectations of $233.10 million. During the same period in the prior year, the company posted ($0.03) EPS. The company’s revenue was down .1% on a year-over-year basis. research analysts expect that Shiloh Industries will post 0.7 earnings per share for the current year.

In other Shiloh Industries news, VP Gary Dethomas sold 3,733 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $8.65, for a total value of $32,290.45. Following the completion of the transaction, the vice president now directly owns 15,875 shares in the company, valued at approximately $137,318.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 37.40% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Alambic Investment Management L.P. increased its position in shares of Shiloh Industries by 4.9% during the fourth quarter. Alambic Investment Management L.P. now owns 158,930 shares of the basic materials company’s stock worth $1,303,000 after buying an additional 7,400 shares during the period. Two Sigma Advisers LP increased its position in shares of Shiloh Industries by 47.8% during the fourth quarter. Two Sigma Advisers LP now owns 23,800 shares of the basic materials company’s stock worth $195,000 after buying an additional 7,700 shares during the period. California State Teachers Retirement System increased its position in shares of Shiloh Industries by 50.6% during the third quarter. California State Teachers Retirement System now owns 23,200 shares of the basic materials company’s stock worth $241,000 after buying an additional 7,800 shares during the period. Teachers Advisors LLC increased its position in shares of Shiloh Industries by 46.9% during the fourth quarter. Teachers Advisors LLC now owns 27,653 shares of the basic materials company’s stock worth $227,000 after buying an additional 8,833 shares during the period. Finally, Strs Ohio increased its position in shares of Shiloh Industries by 14.6% during the fourth quarter. Strs Ohio now owns 76,800 shares of the basic materials company’s stock worth $629,000 after buying an additional 9,800 shares during the period. Hedge funds and other institutional investors own 47.58% of the company’s stock.

About Shiloh Industries

Shiloh Industries, Inc, together with its subsidiaries, provides lightweighting, noise, and vibration solutions to automotive, commercial vehicle, and other industrial markets worldwide. The company produces body systems components, including shock towers, instrument panel/cross car beams, torque boxes, tunnel supports, seat supports, seat back frames, hinge pillars, lift gates, door inners, roof supports/roof panels, dashpanels, body sides, and B and C pillars; and chassis systems components, such as cross members, frame rails, axle carriers, bearing caps, axle covers and housings, clutch housings, PTU covers, axle tubes, rack and pinion housings, steering column housings, knuckles, links, wheel hubs, calipers, master cylinders, steering pumps, brake components, wheel blanks, and flanges.

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