Barclays PLC boosted its position in Steelcase Inc. (NYSE:SCS - Free Report) by 15.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 205,985 shares of the business services provider's stock after buying an additional 27,983 shares during the quarter. Barclays PLC owned approximately 0.18% of Steelcase worth $2,435,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of SCS. R Squared Ltd acquired a new position in Steelcase in the fourth quarter valued at approximately $36,000. Olympiad Research LP bought a new stake in shares of Steelcase in the 4th quarter worth approximately $134,000. Aigen Investment Management LP acquired a new position in Steelcase during the 4th quarter valued at approximately $155,000. LPL Financial LLC bought a new position in Steelcase during the 4th quarter worth $191,000. Finally, Ieq Capital LLC acquired a new stake in Steelcase in the fourth quarter worth $203,000. Institutional investors and hedge funds own 92.42% of the company's stock.
Wall Street Analyst Weigh In
Separately, Sidoti raised shares of Steelcase to a "hold" rating in a report on Friday, March 28th.
View Our Latest Stock Analysis on SCS
Steelcase Stock Performance
Shares of SCS traded down $0.09 during mid-day trading on Tuesday, reaching $9.89. 459,721 shares of the company's stock traded hands, compared to its average volume of 644,573. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.21 and a current ratio of 1.57. The business's 50-day moving average price is $10.59 and its 200-day moving average price is $11.74. The stock has a market capitalization of $1.13 billion, a P/E ratio of 10.30, a price-to-earnings-growth ratio of 1.25 and a beta of 1.15. Steelcase Inc. has a 12 month low of $9.32 and a 12 month high of $14.74.
Steelcase (NYSE:SCS - Get Free Report) last announced its earnings results on Wednesday, March 26th. The business services provider reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.06. The firm had revenue of $788.00 million for the quarter, compared to the consensus estimate of $790.90 million. Steelcase had a return on equity of 14.20% and a net margin of 3.63%. The firm's revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.23 EPS. Equities analysts predict that Steelcase Inc. will post 1 earnings per share for the current year.
Steelcase Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 7th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, April 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.05%. Steelcase's dividend payout ratio (DPR) is 39.60%.
Insider Transactions at Steelcase
In related news, VP Robert G. Krestakos sold 6,000 shares of the firm's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $10.13, for a total transaction of $60,780.00. Following the completion of the transaction, the vice president now owns 139,912 shares of the company's stock, valued at $1,417,308.56. This trade represents a 4.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 12.96% of the company's stock.
Steelcase Company Profile
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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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