Stepan (NYSE:SCL) VP Frank Pacholec sold 2,383 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $97.23, for a total value of $231,699.09. Following the completion of the transaction, the vice president now directly owns 34,726 shares in the company, valued at $3,376,408.98. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
NYSE:SCL opened at $98.90 on Friday. The company has a quick ratio of 1.97, a current ratio of 2.69 and a debt-to-equity ratio of 0.28. The business’s 50-day simple moving average is $95.59 and its two-hundred day simple moving average is $91.33. The stock has a market cap of $2.21 billion, a PE ratio of 19.87 and a beta of 1.30. Stepan has a 52 week low of $69.17 and a 52 week high of $101.84.
Stepan (NYSE:SCL) last posted its quarterly earnings results on Wednesday, July 24th. The basic materials company reported $1.50 EPS for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.19. The business had revenue of $473.00 million for the quarter, compared to analysts’ expectations of $519.20 million. Stepan had a return on equity of 14.19% and a net margin of 5.39%. The business’s quarterly revenue was down 9.0% on a year-over-year basis. During the same period last year, the firm earned $1.38 earnings per share. Sell-side analysts anticipate that Stepan will post 5.08 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. raised its holdings in Stepan by 1.8% during the second quarter. Envestnet Asset Management Inc. now owns 6,433 shares of the basic materials company’s stock valued at $591,000 after acquiring an additional 112 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in shares of Stepan by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 7,849 shares of the basic materials company’s stock worth $687,000 after purchasing an additional 142 shares during the last quarter. Mason Street Advisors LLC increased its holdings in shares of Stepan by 3.4% in the first quarter. Mason Street Advisors LLC now owns 6,508 shares of the basic materials company’s stock worth $570,000 after purchasing an additional 215 shares during the last quarter. FMR LLC increased its holdings in shares of Stepan by 189.0% in the first quarter. FMR LLC now owns 341 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 223 shares during the last quarter. Finally, Point72 Hong Kong Ltd increased its holdings in shares of Stepan by 51.9% in the second quarter. Point72 Hong Kong Ltd now owns 770 shares of the basic materials company’s stock worth $71,000 after purchasing an additional 263 shares during the last quarter. 74.61% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts recently commented on the company. Royal Bank of Canada assumed coverage on Stepan in a report on Wednesday, July 3rd. They issued a “sector perform” rating and a $21.00 target price on the stock. Scotiabank cut Stepan to a “sector underperform” rating and set a $20.00 target price on the stock. in a report on Tuesday, August 13th. ValuEngine cut Stepan from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. BMO Capital Markets decreased their price target on Stepan from $28.00 to $20.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Finally, Zacks Investment Research raised Stepan from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $54.14.
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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