Renaissance Technologies LLC boosted its position in Stepan (NYSE:SCL) by 2.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 343,500 shares of the basic materials company’s stock after purchasing an additional 9,000 shares during the period. Renaissance Technologies LLC owned about 1.53% of Stepan worth $27,126,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. CIBC Asset Management Inc acquired a new stake in Stepan in the 4th quarter valued at about $209,000. Landscape Capital Management L.L.C. acquired a new stake in Stepan in the 4th quarter valued at about $282,000. Cubist Systematic Strategies LLC lifted its stake in Stepan by 42.0% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 3,759 shares of the basic materials company’s stock valued at $314,000 after purchasing an additional 1,111 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Stepan in the 3rd quarter valued at about $350,000. Finally, OxFORD Asset Management LLP lifted its stake in Stepan by 71.1% in the 3rd quarter. OxFORD Asset Management LLP now owns 5,612 shares of the basic materials company’s stock valued at $470,000 after purchasing an additional 2,333 shares during the last quarter. Institutional investors and hedge funds own 65.65% of the company’s stock.
Separately, Zacks Investment Research downgraded shares of Stepan from a “hold” rating to a “sell” rating in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Stepan currently has a consensus rating of “Hold” and an average price target of $35.60.
Stepan (NYSE:SCL) opened at $83.28 on Friday. The firm has a market cap of $1,906.72, a PE ratio of 18.17 and a beta of 1.15. The company has a quick ratio of 1.92, a current ratio of 2.46 and a debt-to-equity ratio of 0.36. Stepan has a fifty-two week low of $68.75 and a fifty-two week high of $92.97.
Stepan (NYSE:SCL) last released its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.39. The firm had revenue of $473.82 million for the quarter, compared to analysts’ expectations of $457.95 million. Stepan had a net margin of 4.76% and a return on equity of 15.20%. The business’s revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 EPS. equities research analysts anticipate that Stepan will post 5.17 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Monday, March 5th were issued a $0.225 dividend. The ex-dividend date of this dividend was Friday, March 2nd. This represents a $0.90 annualized dividend and a yield of 1.08%. Stepan’s dividend payout ratio is currently 22.96%.
In other Stepan news, Chairman F Quinn Stepan, Jr. sold 35,766 shares of the stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $81.71, for a total value of $2,922,439.86. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Frank Pacholec sold 6,000 shares of the stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $86.52, for a total transaction of $519,120.00. Following the completion of the transaction, the vice president now directly owns 40,120 shares in the company, valued at $3,471,182.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,023 shares of company stock worth $3,958,109. Insiders own 13.10% of the company’s stock.
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Stepan Company produces specialty and intermediate chemicals, which are sold to other manufacturers and used in a range of end products. The Company operates through three segments: Surfactants, Polymers and Specialty Products. The Company’s principal markets include manufacturers of cleaning and washing compounds (including detergents, shampoos, fabric softeners, toothpastes and household cleaners), paints, cosmetics, food, beverages, nutritional supplements, agricultural products and plastics.
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