Public Sector Pension Investment Board Increases Holdings in Stepan Company $SCL

Public Sector Pension Investment Board increased its stake in Stepan Company (NYSE:SCL) by 15.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,834 shares of the basic materials company’s stock after acquiring an additional 11,527 shares during the period. Public Sector Pension Investment Board owned approximately 0.37% of Stepan worth $3,999,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Westwood Holdings Group Inc. increased its position in Stepan by 6.7% during the second quarter. Westwood Holdings Group Inc. now owns 1,336,855 shares of the basic materials company’s stock valued at $72,966,000 after acquiring an additional 83,941 shares during the last quarter. American Century Companies Inc. grew its holdings in Stepan by 9.5% during the 2nd quarter. American Century Companies Inc. now owns 540,953 shares of the basic materials company’s stock valued at $29,525,000 after purchasing an additional 46,824 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Stepan in the 3rd quarter worth about $1,335,000. D.A. Davidson & CO. bought a new stake in Stepan in the second quarter worth about $378,000. Finally, Empowered Funds LLC bought a new stake in Stepan in the second quarter worth about $3,390,000. 82.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Stepan from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Stepan has an average rating of “Hold”.

Stepan Price Performance

Stepan stock opened at $67.30 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.30 and a quick ratio of 0.84. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 33.99 and a beta of 1.05. The firm has a 50-day moving average of $54.71 and a two-hundred day moving average of $49.72. Stepan Company has a 1 year low of $41.82 and a 1 year high of $68.00.

Stepan Profile

Stepan Company is a global manufacturer of specialty and intermediate chemicals, primarily known for its development and production of surfactants and related specialty products. The company’s portfolio includes a wide range of ingredients used to enhance the performance of consumer and industrial formulations, such as emulsifiers, foam control agents, odor control agents, antimicrobial products and performance additives. These products are integral components in cleaning solutions, personal care items, agrochemical formulations, coatings, oilfield treatments and polymer systems.

Serving a diverse set of end-markets, Stepan’s offerings address both consumer-facing and industrial applications.