Segall Bryant & Hamill LLC Boosts Stock Position in Steelcase Inc. (NYSE:SCS)

Segall Bryant & Hamill LLC grew its position in Steelcase Inc. (NYSE:SCS) by 38.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 232,466 shares of the business services provider’s stock after buying an additional 63,995 shares during the period. Segall Bryant & Hamill LLC owned 0.20% of Steelcase worth $2,748,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Pzena Investment Management LLC lifted its position in Steelcase by 2.6% during the fourth quarter. Pzena Investment Management LLC now owns 5,373,342 shares of the business services provider’s stock valued at $63,513,000 after acquiring an additional 133,893 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Steelcase by 7.4% during the 4th quarter. Fifth Third Bancorp now owns 3,579,117 shares of the business services provider’s stock valued at $42,305,000 after purchasing an additional 245,981 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Steelcase by 10.0% during the 4th quarter. American Century Companies Inc. now owns 3,024,828 shares of the business services provider’s stock valued at $35,753,000 after purchasing an additional 275,369 shares during the last quarter. State Street Corp boosted its position in shares of Steelcase by 1.0% in the 3rd quarter. State Street Corp now owns 2,260,310 shares of the business services provider’s stock worth $30,714,000 after purchasing an additional 22,226 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Steelcase by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,180,428 shares of the business services provider’s stock worth $29,420,000 after buying an additional 22,507 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Steelcase Trading Up 6.6 %

Steelcase stock opened at $11.30 on Friday. 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 stock has a market cap of $1.28 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 1.25 and a beta of 1.33. The stock has a 50-day moving average of $11.61 and a two-hundred day moving average of $12.36. Steelcase Inc. has a one year low of $10.30 and a one year high of $14.74.

Steelcase (NYSE:SCS) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $790.90 million. Steelcase had a net margin of 3.63% and a return on equity of 14.20%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 earnings per share. On average, research analysts anticipate that Steelcase Inc. will post 1 EPS for the current fiscal year.

Steelcase Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, April 7th will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, April 7th. This represents a $0.40 annualized dividend and a dividend yield of 3.54%. Steelcase’s payout ratio is currently 41.67%.

Insider Activity

In other Steelcase news, VP Robert G. Krestakos sold 5,000 shares of Steelcase stock in a transaction dated Wednesday, January 22nd. The stock was 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 of the company’s stock, valued at approximately $1,344,006.94. The trade was a 4.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 12.96% of the company’s stock.

Steelcase Profile

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.