Zacks Investment Research Lowers Stepan (SCL) to Sell

Zacks Investment Research downgraded shares of Stepan (NYSE:SCL) from a hold rating to a sell rating in a research report report published on Saturday morning.

According to Zacks, “Stepan Company is a major manufacturer of specialty and intermediate chemicals used in a broad range of industries. Stepan is a leading producer of surfactants, which are the key ingredients in consumer and industrial cleaning compounds. The Company is also a leading supplier of polyurethane polyols used in the expanding thermal insulation market and C.A.S.E. (Coatings, Adhesives, Sealants, and Elastomers) industries. “

Several other research firms have also commented on SCL. ValuEngine raised shares of Stepan from a hold rating to a buy rating in a research report on Monday, February 4th. TD Securities reaffirmed a neutral rating and set a $27.00 price target on shares of Stepan in a research report on Wednesday, November 7th. Seaport Global Securities reaffirmed a hold rating and set a $95.00 price target on shares of Stepan in a research report on Monday, November 5th. Finally, Stifel Nicolaus assumed coverage on shares of Stepan in a research report on Monday, December 10th. They set a buy rating and a $94.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Stepan presently has an average rating of Hold and an average target price of $74.50.



SCL stock opened at $87.76 on Friday. The company has a market cap of $1.96 billion, a PE ratio of 18.87 and a beta of 1.22. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.90 and a current ratio of 2.49. Stepan has a one year low of $68.09 and a one year high of $90.96.

In other news, CFO Luis Rojo bought 400 shares of the business’s stock in a transaction on Friday, December 14th. The shares were bought at an average price of $78.72 per share, with a total value of $31,488.00. Following the completion of the transaction, the chief financial officer now directly owns 400 shares in the company, valued at $31,488. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert Victor Slone sold 3,741 shares of the business’s stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of $80.32, for a total value of $300,477.12. Following the completion of the sale, the vice president now directly owns 4,619 shares in the company, valued at approximately $370,998.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,458 shares of company stock worth $355,316. Corporate insiders own 12.60% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Howe & Rusling Inc. purchased a new stake in Stepan in the fourth quarter valued at approximately $85,000. First Quadrant L P CA purchased a new stake in Stepan in the fourth quarter valued at approximately $93,000. Girard Partners LTD. purchased a new stake in Stepan in the third quarter valued at approximately $103,000. IFP Advisors Inc raised its position in Stepan by 6,176.5% in the third quarter. IFP Advisors Inc now owns 2,134 shares of the basic materials company’s stock valued at $186,000 after purchasing an additional 2,100 shares during the period. Finally, Vident Investment Advisory LLC purchased a new stake in Stepan in the third quarter valued at approximately $246,000. 70.17% of the stock is currently owned by institutional investors.

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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