Stepan (SCL) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System lifted its position in shares of Stepan (NYSE:SCL) by 20.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,512 shares of the basic materials company’s stock after buying an additional 8,904 shares during the quarter. California Public Employees Retirement System owned approximately 0.24% of Stepan worth $4,174,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Bessemer Group Inc. grew its position in shares of Stepan by 3.2% during the 2nd quarter. Bessemer Group Inc. now owns 19,400 shares of the basic materials company’s stock worth $1,513,000 after buying an additional 600 shares in the last quarter. Burney Co. grew its position in shares of Stepan by 9.2% during the 2nd quarter. Burney Co. now owns 7,154 shares of the basic materials company’s stock worth $558,000 after buying an additional 600 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Stepan by 15.9% during the 2nd quarter. Victory Capital Management Inc. now owns 4,487 shares of the basic materials company’s stock worth $350,000 after buying an additional 617 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of Stepan by 7.4% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 10,133 shares of the basic materials company’s stock worth $790,000 after buying an additional 700 shares in the last quarter. Finally, Pinebridge Investments L.P. grew its position in shares of Stepan by 2.5% during the 2nd quarter. Pinebridge Investments L.P. now owns 30,776 shares of the basic materials company’s stock worth $2,401,000 after buying an additional 757 shares in the last quarter. 67.49% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE SCL opened at $82.64 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.55 and a quick ratio of 1.94. The firm has a market cap of $1.95 billion, a P/E ratio of 18.16 and a beta of 1.20. Stepan has a 1-year low of $68.09 and a 1-year high of $90.96.

Stepan (NYSE:SCL) last released its quarterly earnings results on Wednesday, July 25th. The basic materials company reported $1.38 EPS for the quarter, meeting analysts’ consensus estimates of $1.38. Stepan had a return on equity of 14.63% and a net margin of 4.82%. The company had revenue of $519.90 million during the quarter, compared to analysts’ expectations of $519.90 million. During the same period last year, the business posted $1.32 earnings per share. The firm’s revenue was up 5.0% compared to the same quarter last year. As a group, equities analysts forecast that Stepan will post 4.66 EPS for the current fiscal year.

In other Stepan news, Director F Quinn Stepan sold 3,433 shares of the stock in a transaction dated Tuesday, July 31st. The stock was sold at an average price of $87.59, for a total value of $300,696.47. Following the completion of the sale, the director now directly owns 275,574 shares in the company, valued at $24,137,526.66. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Frank Pacholec sold 2,000 shares of the stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $88.55, for a total value of $177,100.00. Following the completion of the sale, the vice president now owns 38,306 shares of the company’s stock, valued at $3,391,996.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,657 shares of company stock valued at $585,944. 12.60% of the stock is currently owned by company insiders.

A number of research firms have recently issued reports on SCL. Zacks Investment Research downgraded Stepan from a “hold” rating to a “sell” rating in a research report on Friday. ValuEngine upgraded Stepan from a “sell” rating to a “hold” rating in a research note on Friday, July 20th.

Stepan Profile

Stepan Company, together with its subsidiaries, produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products worldwide. The company 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, and lubricating ingredients.

See Also: How are Outstanding Shares Different from Authorized Shares?

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Institutional Ownership by Quarter for Stepan (NYSE:SCL)

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