5 Recycling Stocks to Buy Now

2. Schnitzer Steel Industries, Inc. (NASDAQ:SCHN)

Number of Hedge Fund Holders: 13  

Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) provides services related to the recycling of ferrous and nonferrous metal. On March 24, investment advisory KeyBanc upgraded the stock to Overweight from Sector Weight with a price target of $58. Analyst Philip Gibbs issued the ratings update. 

The hedge fund sentiment around Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) is overwhelmingly positive. At the end of the fourth quarter of 2021, 13 hedge funds in the database of Insider Monkey held stakes worth $33 million in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN), up from 11 in the preceding quarter worth $12 million.