2 weeks Ago By Defense World Staff
Sei Investments Co. reduced its position in shares of Steelcase Inc. ( NYSE:SCS – Free Report ) by 13.
7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 206,105 shares of the business services provider’s stock after selling 32,769 shares during the period. Sei Investments Co.
owned approximately 0.18% of Steelcase worth $2,436,000 as of its most recent filing with the Securities and Exchange Commission. Other institutional investors have also added to or reduced their stakes in the company.
FMR LLC increased its position in shares of Steelcase by 3,862.6% in the third quarter. FMR LLC now owns 101,523 shares of the business services provider’s stock worth $1,370,000 after purchasing an additional 98,961 shares during the period.
Centiva Capital LP bought a new stake in shares of Steelcase during the 3rd quarter worth approximately $181,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Steelcase during the 3rd quarter worth approximately $6,167,000. State Street Corp increased its stake in Steelcase by 1.
0% in the third quarter. State Street Corp now owns 2,260,310 shares of the business services provider’s stock valued at $30,714,000 after acquiring an additional 22,226 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Steelcase during the third quarter valued at approximately $742,000.
92.42% of the stock is currently owned by institutional investors. Wall Street Analysts Forecast Growth Separately, Sidoti raised Steelcase to a “hold” rating in a report on Friday, March 28th.
Insiders Place Their Bets In other Steelcase news, VP Robert G. Krestakos sold 5,000 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $11.
74, for a total transaction of $58,700.00. Following the completion of the sale, the vice president now owns 114,481 shares in the company, valued at approximately $1,344,006.
94. The trade was a 4.18 % decrease in their position.
The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website . Corporate insiders own 12.96% of the company’s stock.
Steelcase Stock Down 0.4 % SCS stock opened at $10.69 on Friday.
The firm has a 50-day moving average price of $11.54 and a 200-day moving average price of $12.26.
Steelcase Inc. has a 12 month low of $10.25 and a 12 month high of $14.
74. The company has a current ratio of 1.57, a quick ratio of 1.
21 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $1.
22 billion, a P/E ratio of 11.14, a price-to-earnings-growth ratio of 1.25 and a beta of 1.
33. Steelcase ( NYSE:SCS – Get Free Report ) last announced its quarterly earnings results on Wednesday, March 26th. The business services provider reported $0.
26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.06.
The firm had revenue of $788.00 million during the quarter, compared to analysts’ expectations of $790.90 million.
Steelcase had a net margin of 3.63% and a return on equity of 14.20%.
The company’s revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.
23 EPS. As a group, equities research analysts anticipate that Steelcase Inc. will post 1 EPS for the current fiscal year.
Steelcase Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, April 7th will be paid a dividend of $0.10 per share.
This represents a $0.40 annualized dividend and a yield of 3.74%.
The ex-dividend date is Monday, April 7th. Steelcase’s dividend payout ratio is presently 39.60%.
About Steelcase ( Free Report ) Steelcase Inc provides a portfolio of furniture and architectural products and services in the United States and internationally. It operates through Americas and International segments. The company's furniture portfolio includes furniture systems, seating, storage, fixed and height-adjustable desks, benches, and tables, as well as complementary products, such as work accessories, lighting, mobile power, and screens.
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