NEW YORK, Sept. 25, 2018 /PRNewswire/ -- S&P Dow
Jones Indices will make the following changes to the S&P 500,
S&P MidCap 400 and S&P SmallCap 600:
- S&P MidCap 400 constituent Rollins Inc. (NYSE: ROL) will
replace Andeavor (NYSE: ANDV) in the S&P 500, S&P SmallCap
600 constituent Inogen Inc. (NASD: INGN) will replace Rollins in
the S&P MidCap 400, and Vanda Pharmaceuticals Inc. (NASD: VNDA)
will replace Inogen in the S&P SmallCap 600 prior to the open
of trading on Monday, October 1.
S&P 500 constituent Marathon Petroleum Corp. (NYSE: MPC) is
acquiring Andeavor in a deal expected to close on or about that
date pending final conditions.
- Garrett Motion Inc. (NYSE: GTX) will replace Aceto Corp. (NASD:
ACET) in the S&P SmallCap 600 effective prior to the open of
trading on Tuesday, October 2.
S&P 100 & 500 constituent Honeywell International Inc.
(NYSE: HON) is spinning-off Garrett
Motion to shareholders in a deal expected to be completed on
October 1 pending final conditions.
Post spin-off, Honeywell will remain in the S&P 100 and 500.
Aceto is ranked near the bottom of the S&P SmallCap 600 and is
no longer representative of the small-cap market space.
Rollins provides pest and termite control services.
Headquartered in Atlanta, GA, the
company will be added to the S&P 500 GICS (Global Industry
Classification Standard) Environmental & Facilities Services
Sub-Industry index.
Inogen primarily develops, manufactures, and markets portable
oxygen concentrators. Headquartered in Goleta, CA, the company will be added to the
S&P MidCap 400 GICS Health Care Equipment Sub-Industry
index.
Vanda Pharmaceuticals focuses on the development and
commercialization of products for the treatment of central nervous
system disorders. Headquartered in Washington, DC, the company will be added to
the S&P SmallCap 600 GICS Biotechnology Sub-Industry index.
Garrett Motion designs,
manufactures and sells highly engineered turbocharger and electric
boosting technologies for light and commercial vehicle original
equipment manufacturers and the aftermarket. Headquartered in
Rolle, Switzerland, the company
will be added to the S&P SmallCap 600 GICS Auto Parts &
Equipment Sub-Industry index.
Following is a summary of the changes:
S&P 500 INDEX
– OCTOBER 1, 2018
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Rollins
|
Industrials
|
Environmental &
Facilities Services
|
DELETED
|
Andeavor
|
Energy
|
Oil & Gas
Refining & Marketing
|
S&P MIDCAP 400
INDEX – OCTOBER 1, 2018
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Inogen
|
Health
Care
|
Health Care
Equipment
|
DELETED
|
Rollins
|
Industrials
|
Environmental &
Facilities Services
|
S&P SMALLCAP
600 INDEX – OCTOBER 1, 2018
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Vanda
Pharmaceuticals
|
Health
Care
|
Biotechnology
|
DELETED
|
Inogen
|
Health
Care
|
Health Care
Equipment
|
S&P SMALLCAP
600 INDEX – OCTOBER 2, 2018
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Garrett
Motion
|
Industrials
|
Auto Parts &
Equipment
|
DELETED
|
Aceto
|
Health
Care
|
Health Care
Distributors
|
For more information about S&P Dow Jones Indices, please
visit www.spdji.com
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FOR MORE INFORMATION:
David Blitzer
Managing
Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spglobal.com
S&P Dow Jones Indices
index_services@spglobal.com
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SOURCE S&P Dow Jones Indices