press release

Sept. 6, 2019, 6:02 p.m. EDT

S&P Dow Jones Indices Announces Nine Companies Set to Join S&P MidCap 400; Ten Companies to Join S&P SmallCap 600

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 /zigman2/quotes/204614427/composite SIG +2.86% , Range Resources Corp. /zigman2/quotes/205059849/composite RRC -1.96% , Tupperware Brands Corp. /zigman2/quotes/209009040/composite TUP -5.28% , The Michaels Companies Inc. (nasd:MIK), QEP Resources Inc. /zigman2/quotes/207618739/composite QEP -2.07% , Valaris plc /zigman2/quotes/207330259/composite VAL -3.27% and McDermott International Inc. will move to the S&P SmallCap 600.

Etsy Inc. (nasd:ETSY), Pilgrim's Pride Corp. (nasd:PPC), KAR Auction Services Inc. /zigman2/quotes/205879305/composite KAR -3.66% , Antero Midstream Corp. /zigman2/quotes/208787863/composite AM -5.52% , Owens Corning Inc. /zigman2/quotes/202113551/composite OC -0.77% , and Penumbra Inc. /zigman2/quotes/203831055/composite PEN +3.77% will join the S&P MidCap 400.

Warrior Met Coal Inc. /zigman2/quotes/208793752/composite HCC +5.21% , Cadence Bancorporation /zigman2/quotes/201886944/composite CADE -1.34% and GCP Applied Technologies Inc. /zigman2/quotes/207660791/composite GCP +3.29% will join the S&P SmallCap 600.

Cars.com /zigman2/quotes/210492562/composite CARS -6.64% and Mallinckrodt plc /zigman2/quotes/209283217/composite MNK -2.75% 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. /zigman2/quotes/206873003/composite NLS -7.94% , LSC Communications Inc. /zigman2/quotes/206288949/composite LKSD -0.37% , Ascena Retail Group Inc. (nasd:ASNA), Superior Industries International /zigman2/quotes/206245178/composite SUP +1.17% , Superior Energy Services Inc. /zigman2/quotes/207292428/composite SPN -11.75% 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

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500 [®] and the Dow Jones Industrial Average [®] . More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global /zigman2/quotes/208931849/composite SPGI -3.21% , which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com .

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji.comms@spglobal.com

Index Governance Inquiries
IGCC@spglobal.com

SOURCE S&P Dow Jones Indices

Copyright (C) 2019 PR Newswire. All rights reserved

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