Robeco Institutional Asset Management B.V. Has $6.05 Million Stake in Steelcase Inc. (NYSE:SCS)

Robeco Institutional Asset Management B.V. raised its stake in Steelcase Inc. (NYSE:SCS - Free Report) by 70.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 448,530 shares of the business services provider's stock after acquiring an additional 185,630 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.39% of Steelcase worth $6,051,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Harbor Capital Advisors Inc. increased its stake in Steelcase by 4.0% during the third quarter. Harbor Capital Advisors Inc. now owns 40,938 shares of the business services provider's stock worth $552,000 after purchasing an additional 1,561 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in Steelcase by 33.4% in the third quarter. DekaBank Deutsche Girozentrale now owns 16,028 shares of the business services provider's stock worth $207,000 after acquiring an additional 4,011 shares during the last quarter. Creative Planning increased its position in Steelcase by 8.7% during the third quarter. Creative Planning now owns 13,470 shares of the business services provider's stock worth $182,000 after buying an additional 1,075 shares during the period. CWM LLC boosted its holdings in shares of Steelcase by 24.5% in the third quarter. CWM LLC now owns 27,055 shares of the business services provider's stock valued at $365,000 after acquiring an additional 5,324 shares during the period. Finally, Diversified Trust Co boosted its stake in Steelcase by 6.3% during the 3rd quarter. Diversified Trust Co now owns 30,915 shares of the business services provider's stock worth $417,000 after purchasing an additional 1,837 shares during the period. Hedge funds and other institutional investors own 92.42% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Noble Financial began coverage on Steelcase in a report on Wednesday, October 9th. They issued an "outperform" rating and a $16.00 price target for the company.

Insider Transactions at Steelcase

In related news, VP Robert G. Krestakos sold 4,000 shares of Steelcase stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $13.11, for a total transaction of $52,440.00. Following the completion of the sale, the vice president now owns 119,481 shares of the company's stock, valued at approximately $1,566,395.91. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 12.96% of the company's stock.

Steelcase Price Performance

NYSE:SCS remained flat at $13.08 during mid-day trading on Friday. The company's stock had a trading volume of 290,042 shares, compared to its average volume of 682,371. The company has a market cap of $1.49 billion, a PE ratio of 12.34, a P/E/G ratio of 1.30 and a beta of 1.34. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.23 and a current ratio of 1.62. Steelcase Inc. has a 12-month low of $11.12 and a 12-month high of $14.74. The stock's fifty day moving average price is $13.07 and its two-hundred day moving average price is $13.08.

Steelcase (NYSE:SCS - Get Free Report) last posted its quarterly earnings data on Wednesday, September 18th. The business services provider reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.02. The firm had revenue of $855.80 million for the quarter, compared to the consensus estimate of $864.17 million. Steelcase had a net margin of 4.02% and a return on equity of 14.41%. The firm's revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 EPS. Sell-side analysts expect that Steelcase Inc. will post 1 EPS for the current fiscal year.

Steelcase Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date was Monday, September 30th. Steelcase's dividend payout ratio is currently 37.74%.

About Steelcase

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.