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

 

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