UNITED RENTALS NEW YORK, Sept. 12, 2014 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices effective after the close of trading on Friday, September 19:
-- Two S&P 500 constituents will switch places with two S&P MidCap 400
constituents, and an S&P MidCap 400 constituent will switch places with
an S&P SmallCap 600 constituent. These transfers will make each index
more representative of its market capitalization range; the companies
moving to the S&P 500 have market capitalizations above $11 billion, the
companies moving to the S&P MidCap 400 have market capitalizations
between $3.5 billion and $4.5 billion, and the company moving to the S&P
SmallCap 600 has a market capitalization below $1.5 billion. The
transfers will be as follows: S&P MidCap 400 constituents United Rentals
Inc. (NYSE:URI) and Universal Health Services Inc. (NYSE:UHS) will
replace Graham Holdings Co. (NYSE:GHC) and Peabody Energy
Corp.(NYSE:BTU) in the S&P 500, and Graham Holdings and Peabody Energy
will replace United Rentals and Universal Health Services in the S&P
MidCap 400. S&P SmallCap 600 constituent Cognex Corp. (NASD:CGNX) will
replace Westamerica Bancorporation (NASD:WABC) in the S&P MidCap 400,
and Westamerica will replace Cognex in the S&P SmallCap 600.
United Rentals operates as an equipment rental company. Headquartered in Stamford, CT, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Trading Companies & Distributors Sub-Industry index.
Universal Health Services owns and operates acute care hospitals, behavioral health centers, surgical hospitals, ambulatory surgery centers and radiation oncology centers. Headquartered in King Of Prussia, PA, the company will be added to the S&P 500 GICS Health Care Facilities Sub-Industry index.
Graham Holdings operates as a diversified education and media company. Headquartered in Washington, DC, the company will be added to the S&P MidCap 400 GICS Education Services Sub-Industry index.
Peabody Energy is a coal mining company. Headquartered in St. Louis, MO, the company will be added to the S&P MidCap 400 GICS Coal & Consumable Fuels Sub-Industry index.
Cognex provides machine vision products. Headquartered in Natick, MA, the company will be added to the S&P MidCap 400 GICS Electronic Equipment & Instruments Sub-Industry index.
Westamerica Bancorporation provides a range of banking services. Headquartered in San Rafael, CA, the company will be added to the S&P SmallCap 600 GICS Regional Banks Sub-Industry index.
Following is a summary of the changes:
S&P 500 INDEX - September 19, 2014
----------------------------------
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
------- -------------------- -----------------
ADDED United Rentals Industrials Trading Companies &
Distributors
----- -------------- ----------- --------------------
Universal Health Services Health Care Health Care Facilities
------------------------- ----------- ----------------------
DELETED Graham Holdings Consumer Discretionary Education Services
------- --------------- ---------------------- ------------------
Peabody Energy Energy Coal & Consumable Fuels
-------------- ------ -----------------------
S&P MIDCAP 400 INDEX - September 19, 2014
-----------------------------------------
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
------- -------------------- -----------------
ADDED Graham Holdings Consumer Discretionary Education Services
----- --------------- ---------------------- ------------------
Peabody Energy Energy Coal & Consumable Fuels
-------------- ------ -----------------------
Cognex Information Technology Electronic Equipment &
Instruments
------ ---------------------- -----------------------
DELETED United Rentals Industrials Trading Companies &
Distributors
------- -------------- ----------- --------------------
Universal Health Services Health Care Health Care Facilities
------------------------- ----------- ----------------------
Westamerica Bancorporation Financials Regional Banks
-------------------------- ---------- --------------
S&P SMALLCAP 600 INDEX - September 19, 2014
-------------------------------------------
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
------- -------------------- -----------------
ADDED Westamerica Bancorporation Financials Regional Banks
----- -------------------------- ---------- --------------
DELETED Cognex Information Technology Electronic Equipment &
Instruments
------- ------ ---------------------- ----------------------
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.
About S&P Dow Jones Indices
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For more information:
Dave Guarino
Communications
S&P Dow Jones Indices
dave.guarino@spdji.com
(212) 438-1471
David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
david.blitzer@spdji.com
(212) 438-3907
SOURCE S&P Dow Jones Indices
