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Apergy Set to Join S&P MidCap 400; 3D Systems to Join S&P SmallCap 600

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PR Newswire

NEW YORK, May 2, 2018 /PRNewswire/ -- Apergy Corp. (NYSE: APY) will replace 3D Systems Corp. (NYSE: DDD) in the S&P MidCap 400, and 3D Systems will replace Impax Laboratories Inc. (NASD: IPXL) in the S&P SmallCap 600 effective prior to the open of trading on Thursday, May 10, 2018. S&P 500 constituent Dover Corp. (NYSE: DOV) is spinning off Apergy in a transaction expected to be completed prior to the open on Wednesday, May 9, pending final conditions. Dover will remain in the S&P 500 following the spin-off transaction. 3D Systems has a market capitalization that is more representative of the small-cap market space. Impax Laboratories, which is combining with privately held Amneal Pharmaceuticals LLC, is changing its name to Amneal Pharmaceuticals Inc. and its ticker symbol (NYSE: AMRX) effective on or about May 4. The newly combined company will no longer be eligible for inclusion in the S&P SmallCap 600 as its Investable Weight Factor (IWF), which measures the percentage of free float available to the public, is expected to fall well below the 50% eligibility threshold needed for continued inclusion in the index.

Apergy provides various engineered technologies to drill for and produce oil and gas worldwide. Headquartered in Woodlands, TX, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Oil & Gas Equipment & Services Sub-Industry index.

3D Systems provides three-dimensional printing products and services worldwide. Headquartered in Rock Hill, SC, the company will be added to the S&P SmallCap 600 GICS Technology Hardware, Storage & Peripherals Sub-Industry index.

Following is a summary of the changes:

S&P MIDCAP 400 INDEX – May 10, 2018


COMPANY

GICS ECONOMIC SECTOR


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GICS SUB-INDUSTRY

ADDED

Apergy

Energy

Oil & Gas Equipment &
Services

DELETED

3D Systems

Information Technology

Technology Hardware,
Storage & Peripherals

 

S&P SMALLCAP 600 INDEX – May 10, 2018


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

3D Systems

Information Technology

Technology Hardware,
Storage & Peripherals

DELETED

Impax
Laboratories

Health Care

Pharmaceuticals

For more information about S&P Dow Jones Indices, please visit www.spdji.com

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

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

Media Inquiries
spdji_communications@spglobal.com

Cision View original content:http://www.prnewswire.com/news-releases/apergy-set-to-join-sp-midcap-400-3d-systems-to-join-sp-smallcap-600-300641603.html

SOURCE S&P Dow Jones Indices

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