Stepan (NYSE:SCL) – Analysts at Seaport Global Securities lowered their Q4 2018 earnings estimates for Stepan in a research report issued to clients and investors on Tuesday, February 5th. Seaport Global Securities analyst M. Harrison now expects that the basic materials company will earn $0.60 per share for the quarter, down from their previous forecast of $0.67. Seaport Global Securities has a “Hold” rating and a $95.00 price objective on the stock. Seaport Global Securities also issued estimates for Stepan’s Q1 2019 earnings at $1.44 EPS and FY2020 earnings at $6.20 EPS.
SCL has been the topic of several other reports. ValuEngine upgraded shares of Stepan from a “hold” rating to a “buy” rating in a research note on Monday. Zacks Investment Research upgraded shares of Stepan from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research note on Tuesday, January 1st. Stifel Nicolaus initiated coverage on shares of Stepan in a report on Monday, December 10th. They issued a “buy” rating and a $94.00 price objective for the company. Finally, TD Securities reaffirmed a “neutral” rating and set a $27.00 price target on shares of Stepan in a report on Wednesday, November 7th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $74.50.
Shares of NYSE SCL opened at $87.02 on Wednesday. The firm has a market cap of $1.98 billion, a PE ratio of 18.71 and a beta of 1.22. Stepan has a twelve month low of $68.09 and a twelve month high of $90.96. The company has a current ratio of 2.49, a quick ratio of 1.90 and a debt-to-equity ratio of 0.34.
A number of institutional investors have recently made changes to their positions in the business. Matarin Capital Management LLC bought a new stake in shares of Stepan in the 3rd quarter worth approximately $14,000,000. Walthausen & Co. LLC bought a new position in Stepan in the 3rd quarter worth about $7,996,000. Alliancebernstein L.P. boosted its stake in Stepan by 85.7% in the 3rd quarter. Alliancebernstein L.P. now owns 187,070 shares of the basic materials company’s stock worth $16,277,000 after purchasing an additional 86,337 shares in the last quarter. BlackRock Inc. boosted its stake in Stepan by 3.0% in the 3rd quarter. BlackRock Inc. now owns 2,895,065 shares of the basic materials company’s stock worth $251,901,000 after purchasing an additional 84,166 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in Stepan during the 4th quarter valued at about $5,741,000. Institutional investors and hedge funds own 67.91% of the company’s stock.
In other Stepan news, CFO Luis Rojo bought 400 shares of Stepan stock in a transaction dated Friday, December 14th. The stock was purchased at an average price of $78.72 per share, for a total transaction of $31,488.00. Following the completion of the purchase, the chief financial officer now directly owns 400 shares of the company’s stock, valued at $31,488. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Robert Victor Slone sold 517 shares of Stepan stock in a transaction dated Monday, January 7th. The stock was sold at an average price of $75.17, for a total transaction of $38,862.89. Following the completion of the transaction, the vice president now owns 7,565 shares of the company’s stock, valued at approximately $568,661.05. The disclosure for this sale can be found here. Insiders have sold 4,458 shares of company stock worth $355,316 over the last three months. 12.60% of the stock is owned by insiders.
Stepan Company 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.
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