Signet Jewelers Set to Join the S&P 500; PAREXEL International, Catalent to Join the S&P MidCap 400; Others to Join S&P SmallCap 600

Jul 24, 2015, 18:10 ET from S&P Dow Jones Indices

NEW YORK, July 24, 2015 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P500, S&P MidCap 400 and S&P SmallCap 600 indices:

  • S&P MidCap 400 constituent Signet Jewelers Limited (NYSE: SIG) will replace DIRECTV (NASD:DTV) in the S&P 500, S&P SmallCap 600 constituent PAREXEL International Corp. (NASD:PRXL) will replace Signet Jewelers in the S&P MidCap 400, and Enanta Pharmaceuticals (NASD:ENTA) will replace PAREXEL International in the S&P SmallCap 600 effective after the close of trading on Tuesday, July 28. S&P 100 & 500 constituent AT&T Inc. (NYSE: T) acquired DIRECTV in a deal completed today.
  • Barnes & Noble Education Inc. (NYSE: BNEDwi) will replace A. M. Castle & Co, Inc. (NYSE: CAS) in the S&P SmallCap 600 effective after the close of trading on Friday, July 31. S&P SmallCap 600 constituent Barnes & Noble Inc. (NYSE: BKS) is spinning off Barnes & Noble Education to shareholders in a transaction expected to be completed on that date. Barnes & Noble will remain in the S&P SmallCap 600 following completion of the transaction. A.M. Castle is ranked near the bottom the S&P SmallCap 600
  • Catalent Inc. (NYSE: CTLT) will replace JDS Uniphase Corp. (NASD:JDSU) in the S&P MidCap 400 and JDS Uniphase will replace Susquehanna Bancshares Inc. (NASD:SUSQ) in the S&P SmallCap 600 effective after the close of trading on Friday, July 31. S&P 500 constituent BB&T Corp. (NYSE: BBT) is acquiring Susquehanna Bancshares in a transaction expected to be completed on or about that date pending final approvals. JDS Uniphase is spinning off assets that will result in the company being more representative of the small-cap market space.
  • Lumentum Holdings Inc. (NASD:LITEV) will replace Comstock Resources Inc. (NYSE: CRK) in the S&P SmallCap 600 effective after the close of trading on Monday, August 3. New S&P SmallCap 600 constituent JDS Uniphase Corp. (NASD: JDSU) is spinning off Lumentum Holdings to shareholders in a transaction expected to be completed on that date. Post spin-off, JDS Uniphase, which is changing its name to Viavi Solutions Inc., will remain in the S&P SmallCap 600. Comstock Resources is ranked at the bottom the S&P SmallCap 600.

Signet Jewelers Limited engages in the retail sale of jewelry and watches. Headquartered in Hamilton, Bermuda the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Specialty Stores Sub-Industry index.

PAREXEL International is a biopharmaceutical outsourcing services company. Headquartered in Waltham, MA, the company will be added to the S&P MidCap 400 GICS Life Science Tools & Services Sub-Industry index.

Enanta Pharmaceuticals is a biotechnology company. Headquartered in Watertown, MA, the company will be added to the S&P SmallCap 600 GICS Biotechnology Sub-Industry index.

Barnes & Noble Education provides bookstore operation services. Headquartered in Basking Ridge, NJ, the company will be added to the S&P SmallCap 600 GICS Specialty Stores Sub-Industry index.

Catalent provides advanced delivery technologies and development solutions for drugs, biologics, and consumer health products. Headquartered in Somerset, NJ, the company will be added to the S&P MidCap 400 GICS Pharmaceuticals Sub-Industry index.

JDS Uniphase provides network and service enablement solutions.  Headquartered in Milpitas, CA, the company will be added to the S&P SmallCap 600 GICS Communications Equipment Sub-Industry index.

Lumentum is a provider of optical and photonic products.  Headquartered in Milpitas, California, the company will be added to the S&P SmallCap 600 GICS Communications Equipment Sub-Industry index.

Following is a summary of the changes:

S&P 500 INDEX – July 28, 2015

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Signet Jewelers

Consumer Discretionary

Specialty Stores

DELETED

DIRECTV

Consumer Discretionary

Cable & Satellite

 

S&P MIDCAP 400 INDEX – July 28, 2015

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

PAREXEL International

Health Care

Life Science Tools & Services

DELETED

Signet Jewelers

Consumer Discretionary

Specialty Stores

 

S&P SMALLCAP 600 INDEX – July 28, 2015

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Enanta Pharmaceuticals

Health Care

Biotechnology

DELETED

PAREXEL International

Health Care

Life Science Tools & Services

 

S&P MIDCAP 400 INDEX – July 31, 2015

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Catalent

Health Care

Pharmaceuticals

DELETED

JDS Uniphase

Information Technology

Communications Equipment

 

S&P SMALLCAP 600 INDEX – July 31, 2015

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Barnes & Noble Education

Consumer Discretionary

Specialty Stores

JDS Uniphase

Information Technology

Communications Equipment

DELETED

A.     M. Castle

Materials

Steel

Susquehanna Bancshares

Financials

Regional Banks

 

S&P SMALLCAP 600 INDEX – August 3, 2015

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Lumentum Holdings

Information Technology

Communications Equipment

DELETED

Comstock Resources

Energy

Oil & Gas Exploration & Production

Additions to and deletions from S&P  Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.

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For more information:

David Blitzer Managing Director and Chairman of the Index Committee S&P Dow Jones Indices (+1) 212 438 3907 david.blitzer@spdji.com 

David R. Guarino Communications S&P Dow Jones Indices (+1) 212 438 1471 dave.guarino@spdji.com 

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