Shares of Stepan Company (NYSE: SCL) purchased by Stevens Capital Management LP – tech2.org

Shares of Stepan Company (NYSE: SCL) purchased by Stevens Capital Management LP



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  Stepan logo "title =" Stepan logo "clbad =" companylogo "/> Stevens Capital Management LP raised its position in shares of Stepan Company (NYSE: SCL) by 19.3% during the third quarter, according to the company In its most recent filing with the SEC, the institutional investor owned 8,313 shares of the basic materials company after buying 1,342 additional shares during the quarter, Stevens Capital Management LP's holdings in Stepan were worth $ 695,000 at the end of the most recent quarter. [19659002] Several other institutional investors and hedge funds have also recently added or reduced their shareholdings, Hanbad Holding Co. increased its stake in Stepan shares by 0.5% during the second quarter, Hanbad Holding Co. now owns 14,368 shares of the company, the stock of the basic materials company valued at $ 1,252,000 after buying 68 shares additional in the last quarter. The Arizona State Retirement System raised its stake in Stepan shares by 1.0% during the second quarter. The Arizona State Retirement System now owns 10,245 shares of the basic materials company valued at $ 893,000 after buying an additional 100 shares in the last quarter. The Louisiana Employee Withdrawal System raised its stake in Stepan by 1.3% in the second quarter. The Louisiana State Employee Retirement System now owns 8,000 shares of the company's stock of basic materials worth $ 697,000 after buying an additional 100 shares in the last quarter. Banco Amalgamado increased its stake in Stepan by 3.9% in the second quarter. Amalgamated Bank now owns 2,757 shares of the company's stock of basic materials worth $ 240,000 after buying 104 additional shares in the last quarter. Finally, US Bancorp DE raised its stake in Stepan by 1.9% in the second quarter. US Bancorp DE now owns 6,766 shares of the company's stock of basic materials worth $ 590,000 after buying 127 additional shares in the last quarter. Institutional investors own 63.23% of the company's shares. </p>
<p>  Several brokerages have commented on SCL. BMO Capital Markets reduced its target price in Stepan shares from $ 42.00 to $ 36.00 in a research note on Monday, August 14. Zacks Investment Research improved Stepan's shares from a "sale" rating to a "retention" rating in a research note on Wednesday, September 27. TD Securities reiterated a "buy" rating and issued a target price of $ 33.00 on Stepan shares in a research note on Sunday, September 24. Scotiabank raised Stepan's shares from a "low performance" rating to a "sector performance" rating and set a target price of $ 32.00 on the shares in a research note on Tuesday, November 14. Finally, BidaskClub reduced Stepan's shares from a "suspension" rating to a "sale" rating in a research note on Saturday, August 5. Two investment badysts have rated the stock with a sale rating, three have granted a suspension rating, three have issued a purchase rating and one has granted a strong purchase rating to the share. Currently, Stepan has a consensus rating of "Hold" and an average target price of $ 35.60. </p>
<p>  In related news, VP Arthur W. Mergner sold 1,000 shares of the company in a transaction on Tuesday, November 7. The shares were sold at an average price of $ 81.16, for a total transaction of $ 81,160.00. After the transaction, the vice president now directly holds 2,960 shares in the company, valued at approximately $ 240,233.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC's website. In addition, Vice President Frank Pacholec sold 1,500 shares of the company in a transaction on Monday, September 11. The shares were sold at an average price of $ 80.10, for a total transaction of $ 120,150.00. After the transaction, the vice president now owns 49,014 shares of the company, valued at $ 3,926,021.40. The disclosure of this sale can be found here. Insiders have sold a total of 5,650 shares of the company's stock worth $ 458,343 in the last 90 days. Corporate experts hold 13.10% of the company's shares. </p>
<p>  Shares of Stepan Company (NYSE: SCL) traded down by $ 1.12 during Friday's noon trading, reaching $ 81.99. 52,042 shares of the shares traded, compared to its average volume of 59,474. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.64 and a quick ratio of 2.08. The share has a market capitalization of $ 1,871.85, a PE ratio of 20.17 and a beta of 1.29. Stepan Company has a minimum of 52 weeks of $ 68.51 and a maximum of 52 weeks of $ 92.97. </p>
<p>  Stepan (NYSE: SCL) last announced its earnings results on Wednesday, October 25. The basic materials company reported earnings of $ 0.92 per share (EPS) for the quarter, missing the consensus estimate of $ 1.09 per ($ 0.17). The business had revenues of $ 487.81 million for the quarter, compared to badyst expectations of $ 469.75 million. Stepan had a net margin of 4.81% and a return on equity of 13.98%. The company's quarterly revenues grew 9.6% compared to the same quarter last year. During the same quarter of the previous year, the company recorded earnings of $ 1.06 per share. Equity badysts forecast that Stepan Company will publish 4.3 EPS for the current fiscal year. </p>
<p>  The company also recently announced a quarterly dividend, which will be paid on Friday, December 15. Shareholders registered on Thursday, November 30 will receive a dividend of $ 0.225 per share. This represents an annualized dividend of $ 0.90 and a dividend yield of 1.10%. This is a boost from Stepan's previous quarterly dividend of $ 0.21. The ex-dividend date is Wednesday, November 29. The dividend payment rate of Stepan is currently 23.32%. </p>
<p>  <span id= NOTICE OF VIOLATION OF COPYRIGHT: "The shares of Stepan Company (NYSE: SCL) acquired by Stevens Capital Management LP" were first published by The Ledger Gazette and are the exclusive property of The Ledger Gazette . If you are reading this report on another website, it was stolen and forwarded illegally in violation of the copyright and trademark laws of the United States. UU And international. The legal version of this report can be viewed at https://ledgergazette.com/2017/12/03/stepan-company-scl-holdings-boosted-by-stevens-capital-management-lp.html.

Company Profile Stepan

Stepan Company produces specialized and intermediate chemical products, which are sold to other manufacturers and used in a range of end products. The company operates through three segments: surfactants, polymers and special products. The main markets of the Company include manufacturers of cleaning and washing compounds (including detergents, shampoos, softeners, toothpastes and household cleaning products), paints, cosmetics, food, beverages, nutritional supplements, agricultural products and plastics.

  Institutional Ownership for Trimester for Stepan (NYSE: SCL) "title =" Institutional Ownership for Trimester for Stepan (NYSE: SCL) "/> </p>
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