Stepan (NYSE:SCL – Get Free Report) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Thursday.
Stepan Price Performance
Stepan stock opened at $54.90 on Thursday. The company has a fifty day simple moving average of $53.54 and a 200-day simple moving average of $63.74. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 24.84 and a beta of 0.97. The company has a quick ratio of 0.86, a current ratio of 1.21 and a debt-to-equity ratio of 0.28. Stepan has a 52-week low of $44.23 and a 52-week high of $94.77.
Stepan (NYSE:SCL – Get Free Report) last released its earnings results on Tuesday, April 29th. The basic materials company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.33. Stepan had a net margin of 2.31% and a return on equity of 4.21%. The business had revenue of $593.26 million for the quarter, compared to analyst estimates of $562.77 million. During the same period last year, the company posted $0.64 EPS. The business’s revenue was up 7.6% on a year-over-year basis. On average, equities analysts anticipate that Stepan will post 3.55 EPS for the current fiscal year.
Insider Buying and Selling
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Barclays PLC raised its holdings in shares of Stepan by 177.6% in the 3rd quarter. Barclays PLC now owns 44,790 shares of the basic materials company’s stock valued at $3,460,000 after buying an additional 28,655 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Stepan by 19.8% in the third quarter. JPMorgan Chase & Co. now owns 142,790 shares of the basic materials company’s stock worth $11,031,000 after acquiring an additional 23,626 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Stepan by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 102,610 shares of the basic materials company’s stock worth $6,639,000 after acquiring an additional 2,844 shares during the period. Vanguard Group Inc. raised its stake in shares of Stepan by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 2,560,605 shares of the basic materials company’s stock valued at $165,671,000 after acquiring an additional 25,841 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in Stepan by 110.6% in the fourth quarter. Versant Capital Management Inc now owns 457 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 240 shares during the period. Hedge funds and other institutional investors own 82.70% of the company’s stock.
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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