Signaturefd LLC trimmed its position in Stepan (NYSE:SCL – Free Report) by 34.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 744 shares of the basic materials company’s stock after selling 383 shares during the period. Signaturefd LLC’s holdings in Stepan were worth $57,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. increased its stake in shares of Stepan by 51.1% during the second quarter. American Century Companies Inc. now owns 211,302 shares of the basic materials company’s stock worth $17,741,000 after acquiring an additional 71,431 shares during the period. Westwood Holdings Group Inc. boosted its holdings in Stepan by 7.6% in the 2nd quarter. Westwood Holdings Group Inc. now owns 747,140 shares of the basic materials company’s stock valued at $62,730,000 after purchasing an additional 52,944 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Stepan by 2.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,279,450 shares of the basic materials company’s stock worth $107,421,000 after purchasing an additional 34,264 shares during the period. Edgestream Partners L.P. purchased a new position in shares of Stepan during the 2nd quarter worth approximately $2,013,000. Finally, Squarepoint Ops LLC lifted its holdings in shares of Stepan by 245.7% in the 2nd quarter. Squarepoint Ops LLC now owns 27,405 shares of the basic materials company’s stock valued at $2,301,000 after buying an additional 19,477 shares during the period. 82.70% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, VP David Kabbes acquired 1,056 shares of Stepan stock in a transaction that occurred on Wednesday, August 14th. The stock was purchased at an average cost of $71.39 per share, with a total value of $75,387.84. Following the completion of the acquisition, the vice president now owns 1,056 shares in the company, valued at $75,387.84. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 7.00% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on SCL
Stepan Stock Performance
NYSE:SCL opened at $72.90 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 1.32 and a debt-to-equity ratio of 0.31. Stepan has a fifty-two week low of $69.78 and a fifty-two week high of $96.68. The firm’s fifty day simple moving average is $75.24 and its 200-day simple moving average is $80.90. The stock has a market cap of $1.64 billion, a PE ratio of 47.65 and a beta of 0.80.
Stepan (NYSE:SCL – Get Free Report) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.26). Stepan had a return on equity of 3.83% and a net margin of 1.58%. The company had revenue of $556.41 million for the quarter, compared to analyst estimates of $581.30 million. During the same quarter in the previous year, the company posted $0.53 earnings per share. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. Analysts expect that Stepan will post 2.09 earnings per share for the current fiscal year.
About Stepan
Stepan Company, together with its subsidiaries, produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products worldwide. It operates through three segments: Surfactants, Polymers, and Specialty Products. The Surfactants segment offers surfactants that are used in consumer and industrial cleaning and disinfection 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.
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