Alliancebernstein L.P. continued to hold its stake in shares of Stepan Company (NYSE:SCL) during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 27,190 shares of the basic materials company’s stock at the end of the first quarter. Alliancebernstein L.P.’s holdings in Stepan were worth $2,143,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Meadow Creek Investment Management LLC increased its position in Stepan by 1.8% in the first quarter. Meadow Creek Investment Management LLC now owns 1,568 shares of the basic materials company’s stock valued at $124,000 after buying an additional 28 shares during the last quarter. Glen Harbor Capital Management LLC increased its position in Stepan by 1.8% in the first quarter. Glen Harbor Capital Management LLC now owns 1,904 shares of the basic materials company’s stock valued at $150,000 after buying an additional 34 shares during the last quarter. State of Alaska Department of Revenue increased its position in Stepan by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 2,150 shares of the basic materials company’s stock valued at $169,000 after buying an additional 40 shares during the last quarter. US Bancorp DE increased its position in Stepan by 0.6% in the first quarter. US Bancorp DE now owns 6,639 shares of the basic materials company’s stock valued at $523,000 after buying an additional 41 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in Stepan by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 7,900 shares of the basic materials company’s stock valued at $623,000 after buying an additional 100 shares during the last quarter. 62.43% of the stock is owned by hedge funds and other institutional investors.

Stepan Company (SCL) opened at 88.81 on Tuesday. The stock’s 50 day moving average price is $86.16 and its 200 day moving average price is $81.27. The company has a market cap of $2.00 billion, a P/E ratio of 22.85 and a beta of 1.28. Stepan Company has a 1-year low of $61.36 and a 1-year high of $90.66.

Stepan (NYSE:SCL) last posted its quarterly earnings data on Tuesday, April 25th. The basic materials company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.17. The company had revenue of $468.30 million during the quarter, compared to analysts’ expectations of $461.70 million. Stepan had a return on equity of 15.34% and a net margin of 4.95%. Stepan’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.29 earnings per share. On average, equities analysts anticipate that Stepan Company will post $4.64 earnings per share for the current fiscal year.

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Several research analysts have recently weighed in on SCL shares. BidaskClub upgraded Stepan from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. ValuEngine upgraded Stepan from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded Stepan from a “sell” rating to a “hold” rating in a research note on Thursday, April 27th. National Bank Financial cut their price target on Stepan from $40.00 to $27.00 and set a “sector perform” rating for the company in a research note on Monday, June 26th. Finally, Industrial Alliance Securities upgraded Stepan from a “buy” rating to a “strong-buy” rating and set a $41.00 price target for the company in a research note on Monday, May 29th. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $53.00.

In related news, VP Frank Pacholec sold 4,000 shares of the company’s stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $86.63, for a total transaction of $346,520.00. Following the completion of the sale, the vice president now owns 51,438 shares in the company, valued at $4,456,073.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman F Quinn Stepan, Jr. sold 14,348 shares of the company’s stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $85.44, for a total value of $1,225,893.12. Following the sale, the chairman now owns 145,919 shares of the company’s stock, valued at approximately $12,467,319.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,932 shares of company stock valued at $4,107,222. 13.10% of the stock is owned by company insiders.

About Stepan

Stepan Company produces specialty and intermediate chemicals, which are sold to other manufacturers and used in a range of end products. The Company operates through three segments: Surfactants, Polymers and Specialty Products. The Company’s principal markets include manufacturers of cleaning and washing compounds (including detergents, shampoos, fabric softeners, toothpastes and household cleaners), paints, cosmetics, food, beverages, nutritional supplements, agricultural products and plastics.

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Institutional Ownership by Quarter for Stepan (NYSE:SCL)

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