Stepan (NYSE:SCL) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its holdings in shares of Stepan (NYSE:SCL – Get Rating) by 11.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,139 shares of the basic materials company’s stock after selling 762 shares during the period. SG Americas Securities LLC’s holdings in Stepan were worth $575,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Personal Capital Advisors Corp raised its position in shares of Stepan by 2.3% in the second quarter. Personal Capital Advisors Corp now owns 167,973 shares of the basic materials company’s stock valued at $17,024,000 after buying an additional 3,827 shares during the last quarter. KBC Group NV acquired a new position in shares of Stepan in the second quarter valued at approximately $181,000. Baird Financial Group Inc. raised its position in shares of Stepan by 55.6% in the second quarter. Baird Financial Group Inc. now owns 15,660 shares of the basic materials company’s stock valued at $1,587,000 after buying an additional 5,594 shares during the last quarter. Grace & White Inc. NY raised its position in shares of Stepan by 1.3% in the third quarter. Grace & White Inc. NY now owns 77,397 shares of the basic materials company’s stock valued at $7,250,000 after buying an additional 1,000 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Stepan by 7.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 152,360 shares of the basic materials company’s stock valued at $14,271,000 after buying an additional 10,722 shares during the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

Stepan Stock Performance

Shares of SCL stock opened at $108.42 on Monday. Stepan has a one year low of $91.64 and a one year high of $117.25. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.12 and a current ratio of 1.78. The company has a 50 day moving average price of $109.07 and a 200 day moving average price of $105.00. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 16.35 and a beta of 0.81.

Insider Buying and Selling

In related news, VP Arthur W. Mergner sold 2,156 shares of the company’s stock in a transaction that occurred on Thursday, October 27th. The shares were sold at an average price of $103.01, for a total transaction of $222,089.56. Following the completion of the transaction, the vice president now owns 23,513 shares of the company’s stock, valued at $2,422,074.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Stepan news, Director F Quinn Stepan, Jr. sold 5,308 shares of the business’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $110.00, for a total transaction of $583,880.00. Following the completion of the sale, the director now directly owns 64,869 shares in the company, valued at $7,135,590. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Arthur W. Mergner sold 2,156 shares of the business’s stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $103.01, for a total transaction of $222,089.56. Following the sale, the vice president now owns 23,513 shares of the company’s stock, valued at $2,422,074.13. The disclosure for this sale can be found here. 6.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Stepan from a “buy” rating to a “hold” rating in a research report on Friday, December 30th.

Stepan Company Profile

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Stepan Company, together with its subsidiaries, produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products. It operates through three segments: Surfactants, Polymers, and Specialty Products. The Surfactants segment offers surfactants that are used as principal ingredients in consumer and industrial cleaning products, including detergents for washing clothes, dishes, carpets, and floors and walls, as well as shampoos and body washes; and other applications, such as fabric softeners, germicidal quaternary compounds, disinfectants, and lubricating ingredients.