NEW YORK, Feb. 24 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices after the close of trading on Tuesday, March 3:
- S&P MidCap 400 constituent Hormel Foods Corp. (NYSE: HRL) will replace American Capital Ltd. (Nasdaq: ACAS) in the S&P 500, and Trustmark Corp. (Nasdaq: TRMK) will replace Hormel in the S&P MidCap 400. Ventas Inc. (NYSE: VTR) will replace Jones Apparel Group Inc. (NYSE: JNY) in the S&P 500. As of today's close of trading, American Capital and Jones Apparel had market capitalizations of $306 million and $267 million respectively, ranking them 499th and 500th in the index.
- S&P SmallCap 600 constituent Lennox International Inc. (NYSE: LII) will replace Hovnanian Enterprises Inc. (NYSE: HOV) in the S&P MidCap 400, and Stanley Inc. (NYSE: SXE) will replace Lennox in the S&P SmallCap 600. AECOM Technology Corp. (NYSE: ACM) will replace The PMI Group Inc. (NYSE: PMI) in the S&P MidCap 400. As of today's close of trading, Hovnanian and PMI Group had market capitalizations of $74 million and $64 million, respectively, whereas the minimum market cap needed to be admitted to the S&P MidCap 400 index is currently $750 million.
- Computer Programs and Systems Inc. (Nasdaq: CPSI) will replace Axcelis Technologies Inc. (Nasdaq: ACLS), and comScore Inc. (Nasdaq: SCOR) will replace Anchor BanCorp Wisconsin Inc. (Nasdaq: ABCW) in the S&P SmallCap 600. As of today's close of trading, Axcelis Technologies and Anchor BanCorp had market capitalizations of $22 million and $19 million respectively, whereas the minimum market cap needed to be admitted to the index is currently $200 million.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: www.standardandpoors.com.
Hormel Foods is engaged in the production and marketing of a variety of meat and food products. Headquartered in Austin, MN, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Packaged Foods & Meats Sub-Industry index.
Ventas is a health care real estate investment trust (REIT). Headquartered in Chicago, IL, the company will be added to the S&P 500 GICS Specialized REITs Sub-Industry index.
Trustmark is a financial services company. Headquartered in Jackson, MS, the company will be added to the S&P MidCap 400 GICS Regional Banks Sub-Industry index.
Lennox International is a provider of climate control solutions. Headquartered in Richardson, TX, the company will be added to the S&P MidCap 400 GICS Building Products Sub-Industry index.
AECOM Technology is a provider of professional technical and management support services. Headquartered in Los Angeles, CA, the company will be added to the S&P MidCap 400 GICS Construction & Engineering Sub-Industry index.
Stanley Inc. is a provider of information technology services and solutions. Headquartered in Arlington, VA, the company will be added to the S&P SmallCap 600 GICS Aerospace & Defense Sub-Industry index.
Computer Programs and Systems is a healthcare information technology company. Headquartered in Mobile, AL, the company will be added to the S&P SmallCap 600 GICS Health Care Technology Sub-Industry index.
comScore provides a digital marketing intelligence platform that helps customers make business decisions and implement digital business strategies. Headquartered in Reston, VA, the company will be added to the S&P SmallCap 600 GICS Internet Software & Services Sub-Industry index.
Following is a summary of the changes:
S&P 500 INDEX - March 3, 2009
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Hormel Foods Consumer Staples Packaged Foods & Meats
Ventas Financials Specialized REITs
DELETED American Capital Financials Asset Management & Custody
Banks
Jones Apparel Consumer Apparel, Accessories & Luxury
Discretionary Goods
S&P MIDCAP 400 INDEX - March 3, 2009
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Trustmark Financials Regional Banks
Lennox Int'l Industrials Building Products
AECOM Industrials Construction & Engineering
DELETED Hormel Foods Consumer Staples Packaged Foods & Meats
Hovnanian Consumer Discretionary Homebuilding
PMI Group Financials Thrifts & Mortgage Finance
S&P SMALLCAP 600 INDEX - March 3, 2009
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Stanley Industrials Aerospace & Defense
Computer Health Care Health Care Technology
Programs
and
Systems
comScore Information Technology Internet Software &
Services
DELETED Lennox Int'l Industrials Building Products
Anchor Bancorp Financials Thrifts & Mortgage Finance
Axcelis Information Technology Semiconductor Equipment
Additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the companies concerned.
About Standard & Poor's Index Services
Standard & Poor's Index Services, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Its family of indices includes the S&P 500, an index with $1.5 trillion invested and $4.85 trillion benchmarked, and the S&P Global 1200, a composite index comprised of seven regional and country headline indices. For more information, please visit www.standardandpoors.com/indices.
About Standard & Poor's
Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 8,500 employees, including wholly owned affiliates, located in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.
