Steelcase Inc. $SCS Position Boosted by Greenleaf Trust

Greenleaf Trust boosted its holdings in Steelcase Inc. (NYSE:SCS) by 76.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 222,565 shares of the business services provider’s stock after acquiring an additional 96,603 shares during the quarter. Greenleaf Trust owned 0.19% of Steelcase worth $3,828,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Baron Wealth Management LLC acquired a new position in shares of Steelcase during the third quarter valued at $182,000. Ethic Inc. bought a new position in Steelcase in the 3rd quarter valued at about $254,000. Burney Co. increased its stake in Steelcase by 4.7% during the 3rd quarter. Burney Co. now owns 14,124 shares of the business services provider’s stock valued at $243,000 after buying an additional 633 shares during the period. CWM LLC raised its position in shares of Steelcase by 35.2% during the 3rd quarter. CWM LLC now owns 36,158 shares of the business services provider’s stock worth $622,000 after buying an additional 9,415 shares in the last quarter. Finally, S.A. Mason LLC raised its position in shares of Steelcase by 130.2% during the 3rd quarter. S.A. Mason LLC now owns 306,847 shares of the business services provider’s stock worth $5,278,000 after buying an additional 173,534 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SCS shares. Zacks Research cut shares of Steelcase from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Steelcase in a research report on Friday, October 31st. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, Steelcase has an average rating of “Hold”.

Steelcase Price Performance

Shares of NYSE:SCS opened at $16.11 on Tuesday. The company has a market capitalization of $1.85 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 1.47 and a beta of 1.26. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.18 and a current ratio of 1.66. The stock has a fifty day moving average of $16.04 and a 200-day moving average of $15.12. Steelcase Inc. has a one year low of $9.31 and a one year high of $17.40.

Steelcase (NYSE:SCS) last announced its earnings results on Friday, June 2nd. The business services provider reported $0.23 earnings per share (EPS) for the quarter. Steelcase had a return on equity of 13.00% and a net margin of 2.92%.The company had revenue of $724.80 million for the quarter. As a group, equities analysts anticipate that Steelcase Inc. will post 1 EPS for the current fiscal year.

About Steelcase

Steelcase, Inc is a global leader in the design and manufacture of workspace furniture and architectural solutions. The company develops a wide range of products including adjustable desks, ergonomic seating, collaborative furniture, movable walls, and integrated technology offerings aimed at enhancing productivity and well-being in office, education, and healthcare environments. Steelcase combines research on human behavior, work patterns, and technology trends to inform the development of its solutions, positioning itself as a partner for organizations seeking to optimize their physical spaces.

Through its portfolio of brands—such as Steelcase, Coalesse, and Steelcase Education—the company addresses the needs of corporate clients, learning institutions, and healthcare providers.