Index provider Standard & Poor's, a division of The McGraw-Hill Companies (MHP) late Tuesday announced changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices. The changes would be effected after close of trading on Tuesday, March 3.
The company said S&P MidCap 400 constituent Austin, Minnesota-based Hormel Foods Corp. (HRL), which engages production and marketing of a variety of meat and food products, would replace American Capital Ltd. (ACAS) in the S&P 500, while Jackson, Mississippi-based financial services firm Trustmark Corp. (TRMK) would replace Hormel in the S&P MidCap 400. Further, Louisville, Kentucky-based health care real estate investment trust Ventas, Inc. (VTR) will replace Jones Apparel Group, Inc. (JNY) in the S&P 500.
Hormel will be added to the S&P 500 GICS Packaged Foods & Meats Sub-Industry index, while Trustmark will be added to the S&P MidCap 400 GICS Regional Banks Sub-Industry index. Further, Ventas will be added to the S&P 500 GICS Specialized REITs Sub-Industry index.
The company noted that S&P SmallCap 600 constituent Richardson, Texas-based provider of climate control solutions Lennox International, Inc. (LII) would replace Hovnanian Enterprises, Inc. (HOV) in the S&P MidCap 400, while Arlington, Virginia-based provider of information technology services and solutions Stanley, Inc. (SXE) will replace Lennox in the S&P SmallCap 600. Further, Los Angeles, California-based provider of professional technical and management support services AECOM Technology Corp. (ACM) will replace The PMI Group, Inc. (PMI) in the S&P MidCap 400.
Lennox will be added to the S&P MidCap 400 GICS Building Products Sub-Industry index, while Stanley will be added to the S&P SmallCap 600 GICS Aerospace & Defense Sub-Industry index. Further, AECOM will be added to the S&P MidCap 400 GICS Construction & Engineering Sub-Industry index.
The company added that Mobile, Alabama-based healthcare information technology firm Computer Programs and Systems, Inc. (CPSI) would replace Axcelis Technologies, Inc. (ACLS), and Reston, Virginia-based consumer behavior research firm comScore, Inc. (SCOR) will replace Anchor BanCorp Wisconsin, Inc. (ABCW) in the S&P SmallCap 600.
Computer Programs and Systems will be added to the S&P SmallCap 600 GICS Health Care Technology Sub-Industry index, while comScore will be added to the S&P SmallCap 600 GICS Internet Software & Services Sub-Industry index.
MHP closed Tuesday's regular trading session at $20.62, up $0.69 or 3.46% on a volume of 6.42 million shares, nearly double the three-month average volume of 3.47 million shares.
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