ProShare Advisors LLC Purchases 14,675 Shares of Stepan Company $SCL

ProShare Advisors LLC raised its position in shares of Stepan Company (NYSE:SCL) by 12.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,385 shares of the basic materials company’s stock after acquiring an additional 14,675 shares during the period. ProShare Advisors LLC owned approximately 0.57% of Stepan worth $6,172,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SCL. EverSource Wealth Advisors LLC boosted its stake in Stepan by 206.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 521 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 351 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Stepan by 7.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,449 shares of the basic materials company’s stock worth $297,000 after buying an additional 389 shares during the last quarter. Howe & Rusling Inc. boosted its position in shares of Stepan by 10.6% in the third quarter. Howe & Rusling Inc. now owns 5,447 shares of the basic materials company’s stock valued at $260,000 after acquiring an additional 524 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of Stepan by 6.6% in the second quarter. Daiwa Securities Group Inc. now owns 8,936 shares of the basic materials company’s stock worth $488,000 after acquiring an additional 553 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Stepan by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,701 shares of the basic materials company’s stock worth $699,000 after acquiring an additional 555 shares during the period. 82.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Stepan in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Stepan currently has a consensus rating of “Reduce”.

Stepan Stock Performance

Shares of NYSE SCL opened at $66.59 on Friday. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 33.63 and a beta of 1.05. Stepan Company has a one year low of $41.82 and a one year high of $68.00. The business has a fifty day simple moving average of $52.30 and a 200 day simple moving average of $49.11. The company has a current ratio of 1.30, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

Stepan Profile

Stepan Company is a global manufacturer of specialty and intermediate chemicals, primarily known for its development and production of surfactants and related specialty products. The company’s portfolio includes a wide range of ingredients used to enhance the performance of consumer and industrial formulations, such as emulsifiers, foam control agents, odor control agents, antimicrobial products and performance additives. These products are integral components in cleaning solutions, personal care items, agrochemical formulations, coatings, oilfield treatments and polymer systems.

Serving a diverse set of end-markets, Stepan’s offerings address both consumer-facing and industrial applications.