D. E. Shaw & Co. Inc. cut its position in shares of Stepan (NYSE:SCL) by 8.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,181 shares of the basic materials company’s stock after selling 282 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in Stepan were worth $235,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. boosted its position in shares of Stepan by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 174,914 shares of the basic materials company’s stock worth $12,944,000 after buying an additional 2,326 shares during the period. Mackay Shields LLC acquired a new stake in shares of Stepan in the fourth quarter worth $851,000. Geode Capital Management LLC boosted its position in shares of Stepan by 6.2% in the fourth quarter. Geode Capital Management LLC now owns 274,456 shares of the basic materials company’s stock worth $20,309,000 after buying an additional 15,923 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Stepan by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,097,483 shares of the basic materials company’s stock worth $81,214,000 after buying an additional 3,653 shares during the period. Finally, United Services Automobile Association boosted its position in shares of Stepan by 6.1% in the fourth quarter. United Services Automobile Association now owns 73,124 shares of the basic materials company’s stock worth $5,411,000 after buying an additional 4,186 shares during the period. Institutional investors own 72.34% of the company’s stock.
Several analysts have recently commented on SCL shares. ValuEngine raised Stepan from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Zacks Investment Research raised Stepan from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research report on Tuesday, January 1st. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $74.50.
In related news, Chairman F Quinn Stepan, Jr. sold 12,889 shares of Stepan stock in a transaction on Friday, March 1st. The stock was sold at an average price of $93.83, for a total transaction of $1,209,374.87. Following the completion of the sale, the chairman now owns 202,576 shares of the company’s stock, valued at $19,007,706.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Scott R. Behrens sold 2,000 shares of Stepan stock in a transaction on Friday, March 15th. The shares were sold at an average price of $89.78, for a total value of $179,560.00. The disclosure for this sale can be found here. In the last three months, insiders have purchased 500 shares of company stock valued at $45,141 and have sold 17,927 shares valued at $1,664,845. 11.40% of the stock is currently owned by company insiders.
Shares of Stepan stock opened at $90.57 on Wednesday. The firm has a market capitalization of $2.03 billion, a PE ratio of 18.56 and a beta of 1.28. The company has a quick ratio of 1.78, a current ratio of 2.37 and a debt-to-equity ratio of 0.30. Stepan has a 12 month low of $68.09 and a 12 month high of $95.32.
Stepan (NYSE:SCL) last issued its earnings results on Thursday, February 21st. The basic materials company reported $1.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.21. The business had revenue of $466.70 million during the quarter, compared to analysts’ expectations of $486.67 million. Stepan had a return on equity of 14.68% and a net margin of 5.66%. Stepan’s revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.06 earnings per share. As a group, analysts predict that Stepan will post 5.08 earnings per share for the current fiscal year.
Stepan Company Profile
Stepan Company, together with its subsidiaries, produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products in North America, Europe, Latin America, and Asia. The company operates through three segments: Surfactants, Polymers, and Specialty Products.
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