Stepan Company $SCL Stock Holdings Increased by HighTower Advisors LLC

HighTower Advisors LLC grew its position in shares of Stepan Company (NYSE:SCL) by 6.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,599,083 shares of the basic materials company’s stock after buying an additional 91,746 shares during the period. HighTower Advisors LLC owned about 7.07% of Stepan worth $76,276,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its stake in Stepan by 206.5% during the second quarter. EverSource Wealth Advisors LLC now owns 521 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 351 shares during the last quarter. Financial Consulate Inc. bought a new position in shares of Stepan in the 3rd quarter worth about $30,000. Raymond James Financial Inc. bought a new position in shares of Stepan in the 2nd quarter worth about $100,000. Assenagon Asset Management S.A. acquired a new position in shares of Stepan in the 3rd quarter valued at about $207,000. Finally, AlphaQuest LLC grew its position in shares of Stepan by 35.6% during the 3rd quarter. AlphaQuest LLC now owns 4,705 shares of the basic materials company’s stock valued at $224,000 after buying an additional 1,236 shares during the last quarter. 82.70% of the stock is currently owned by institutional investors.

Stepan Stock Up 0.1%

SCL stock opened at $66.60 on Tuesday. The stock has a market cap of $1.51 billion, a PE ratio of 33.64 and a beta of 1.05. The firm’s 50-day simple moving average is $53.16 and its 200 day simple moving average is $49.24. Stepan Company has a fifty-two week low of $41.82 and a fifty-two week high of $68.00. The company has a quick ratio of 0.84, a current ratio of 1.30 and a debt-to-equity ratio of 0.29.

Wall Street Analyst Weigh In

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

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.