NEW YORK, Sept. 6, 2019 /PRNewswire/ -- S&P Dow
Jones Indices will make the following index adjustments to the
S&P MidCap 400 and S&P SmallCap 600 to ensure each index
more appropriately represents its market capitalization range. The
changes will be effective prior to the open of trading on
Monday, September 23 to coincide with
the September rebalance.
S&P SmallCap 600 constituents Selective Insurance Group Inc.
(NASD: SIGI), Repligen Corp. (NASD:RGEN), and FirstCash Inc.
(NASD:FCFS) will move to the S&P MidCap 400. S&P MidCap 400
constituents Signet Jewelers Ltd (NYSE:SIG), Range Resources Corp.
(NYSE:RRC), Tupperware Brands Corp. (NYSE:TUP), The Michaels
Companies Inc. (NASD:MIK), QEP Resources Inc. (NYSE:QEP), Valaris
plc (NYSE:VAL) and McDermott International Inc. (NYSE:MDR) will
move to the S&P SmallCap 600.
Etsy Inc. (NASD:ETSY), Pilgrim's Pride Corp. (NASD:PPC), KAR
Auction Services Inc. (NYSE:KAR), Antero Midstream Corp. (NYSE:AM),
Owens Corning Inc. (NYSE:OC), and Penumbra Inc. (NYSE:PEN) will
join the S&P MidCap 400.
Warrior Met Coal Inc. (NYSE:HCC), Cadence Bancorporation
(NYSE:CADE) and GCP Applied Technologies Inc. (NYSE:GCP) will join
the S&P SmallCap 600.
Cars.com (NYSE:CARS) and Mallinckrodt plc (NYSE:MNK) will be removed from
the S&P MidCap 400 as they are no longer representative of the
mid-cap market space. Kirkland's
Inc. (NASD:KIRK), Nautilus Group Inc. (NYSE:NLS), LSC
Communications Inc. (NYSE:LKSD), Ascena Retail Group Inc.
(NASD:ASNA), Superior Industries International (NYSE:SUP), Superior
Energy Services Inc. (NYSE:SPN) and Kopin Corp. (NASD:KOPN) will be
removed from the S&P SmallCap 600 as they are no longer
representative of the small-cap market space.
Selective Insurance Group provides insurance products and
services. Headquartered in Branchville, NJ, the company will be added to
the S&P MidCap 400 GICS (Global Industry Classification
Standard) Property & Casualty Sub-Industry index.
Repligen develops, manufactures, and sells products used to
enhance the interconnected phases of the biological drug
manufacturing process. Headquartered in Waltham, MA, the company will be added to the
S&P MidCap 400 GICS Biotechnology Sub-Industry index.
FirstCash operates retail pawn stores. Headquartered in
Fort Worth, Texas , the company
will be added to the S&P MidCap 400 GICS Consumer Finance
Sub-Industry index.
Signet Jewelers is a retailer of diamond jewelry, watches, and
other products. Headquartered in Bermuda, the company will be added to the
S&P SmallCap 600 GICS Specialty Stores Sub-Industry index.
Range Resources operates as an independent natural gas, natural
gas liquids (NGLs), and oil company. Headquartered in
Fort Worth, TX, the company will
be added to the S&P SmallCap 600 GICS Oil & Gas Exploration
& Production Sub-Industry index.
Tupperware Brands operates as a direct-to-consumer marketer of
various products. Headquartered in Orlando, Florida, the company will be added to
the S&P SmallCap 600 GICS Housewares & Specialties
Sub-Industry index.
The Michaels Companies owns and operates arts and crafts
specialty retail stores. Headquartered in Irving, TX, the company will be added to the
S&P SmallCap 600 GICS Specialty Stores Sub-Industry index.
QEP Resources operates as a crude oil and natural gas
exploration and production company. Headquartered in
Denver, CO, the company will be
added to the S&P SmallCap 600 GICS Oil & Gas Exploration
& Production Sub-Industry index.
Valaris provides offshore drilling services. Headquartered
in London, UK, the company will be
added to the S&P SmallCap 600 GICS Oil & Gas Drilling
Sub-Industry index.
McDermott International provides engineering, procurement,
construction and installation, and technology solutions to the
energy industry. Headquartered in Houston, TX, the company will be added to the
S&P SmallCap 600 GICS Oil & Gas Equipment & Services
Sub-Industry index.
Etsy is an online market place for buyers and sellers to sell
goods. Headquartered in Brooklyn,
NY, the company will be added to the S&P MidCap 400 GICS
Internet & Direct Marketing Retail Sub-Industry index.
Pilgrim's Pride engages in the production, processing,
marketing, and distribution of fresh, frozen, and value-added
chicken products. Headquartered in Greeley, CO, the company will be added to the
S&P MidCap 400 GICS Packaged Foods & Meats Sub-Industry
index.
KAR Auction Services provides used car auction and salvage
auction services. Headquartered in Carmel, IN, the company will be added to the
S&P MidCap 400 GICS Diversified Support Services Sub-Industry
index.
Antero Midstream owns and operates midstream energy assets.
Headquartered in Denver, CO,
the company will be added to the S&P MidCap 400 GICS Oil &
Gas Storage & Transportation Sub-Industry index.
Owens Corning produces and sells glass fiber reinforcements and
other materials for composites and residential, commercial, and
industrial building materials. Headquartered in Toledo, OH, the company will be added to the
S&P MidCap 400 GICS Building Products Sub-Industry index.
Penumbra designs, develops, manufactures, and markets medical
devices. Headquartered in Alameda,
CA, the company will be added to the S&P MidCap 400 GICS
Health Care Equipment Sub-Industry index.
Warrior Met Coal produces and exports metallurgical coal for the
steel industry. Headquartered in Brookwood, AL, the company will be added to
the S&P SmallCap 600 GICS Steel Sub-Industry index.
Cadence Bancorporation provides commercial banking products and
services. Headquartered in Houston,
TX, the company will be added to the S&P SmallCap 600
GICS Regional Banks Sub-Industry index.
GCP Applied Technologies produces and sells specialty
construction chemicals and specialty building materials.
Headquartered in Cambridge, MA,
the company will be added to the S&P SmallCap 600 GICS
Specialty Chemicals Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400
INDEX – September 23, 2019
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Selective Insurance
Group
|
Financials
|
Property &
Casualty Insurance
|
|
Repligen
|
Health
Care
|
Biotechnology
|
|
FirstCash
|
Financials
|
Consumer
Finance
|
|
Etsy
|
Consumer
Discretionary
|
Internet & Direct
Marketing Retail
|
|
Pilgrim's
Pride
|
Consumer
Staples
|
Packaged Foods &
Meats
|
|
KAR Auction
Services
|
Industrials
|
Diversified Support
Services
|
|
Antero
Midstream
|
Energy
|
Oil & Gas Storage
& Transportation
|
|
Owens
Corning
|
Industrials
|
Building
Products
|
|
Penumbra
|
Health
Care
|
Health Care
Equipment
|
DELETED
|
Signet
Jewelers
|
Consumer
Discretionary
|
Specialty
Stores
|
|
Range
Resources
|
Energy
|
Oil & Gas
Exploration & Production
|
|
Tupperware
Brands
|
Consumer
Discretionary
|
Housewares &
Specialties
|
|
The Michaels
Companies
|
Consumer
Discretionary
|
Specialty
Stores
|
|
QEP
Resources
|
Energy
|
Oil & Gas
Exploration & Production
|
|
Valaris
|
Energy
|
Oil & Gas
Drilling
|
|
McDermott
International
|
Energy
|
Oil & Gas
Equipment & Services
|
|
Cars.com
|
Communication
Services
|
Interactive Media
& Services
|
|
Mallinckrodt
|
Health
Care
|
Pharmaceuticals
|
S&P SMALLCAP
600 INDEX – September 23, 2019
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Signet
Jewelers
|
Consumer
Discretionary
|
Specialty
Stores
|
|
Range
Resources
|
Energy
|
Oil & Gas
Exploration & Production
|
|
Tupperware
Brands
|
Consumer
Discretionary
|
Housewares &
Specialties
|
|
The Michaels
Companies
|
Consumer
Discretionary
|
Specialty
Stores
|
|
QEP
Resources
|
Energy
|
Oil & Gas
Exploration & Production
|
|
Valaris
|
Energy
|
Oil & Gas
Drilling
|
|
McDermott
International
|
Energy
|
Oil & Gas
Equipment & Services
|
|
Warrior Met
Coal
|
Materials
|
Steel
|
|
Cadence
Bancorporation
|
Financials
|
Regional
Banks
|
|
GCP Applied
Technologies
|
Materials
|
Specialty
Chemicals
|
DELETED
|
Selective Insurance
Group
|
Financials
|
Property &
Casualty Insurance
|
|
Repligen
|
Health
Care
|
Biotechnology
|
|
FirstCash
|
Financials
|
Consumer
Finance
|
|
Kirkland's
|
Consumer
Discretionary
|
Homefurnishing
Retail
|
|
Nautilus
Group
|
Consumer
Discretionary
|
Leisure
Products
|
|
LSC
Communications
|
Industrials
|
Commercial
Printing
|
|
Ascena Retail
Group
|
Consumer
Discretionary
|
Apparel
Retail
|
|
Superior
Industries
|
Consumer
Discretionary
|
Auto Parts &
Equipment
|
|
Superior Energy
Services
|
Energy
|
Oil &Gas
Equipment & Services
|
|
Kopin
|
Information
Technology
|
Semiconductors
|
For more information about S&P Dow Jones Indices, please
visit www.spdji.com
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