Jack Henry & Associates Set to Join S&P 500; EQT, Equitrans Midstream, MasTec to Join S&P MidCap 400; Superior Energy Services, United Natural Foods to Join S&P SmallCap 600

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Nov 07, 2018

Jack Henry & Associates Set to Join S&P 500; EQT, Equitrans Midstream, MasTec to Join S&P MidCap 400; Superior Energy Services, United Natural Foods to Join S&P SmallCap 600

NEW YORK, Nov. 7, 2018 /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:

  • S&P MidCap 400 constituent Jack Henry & Associates Inc. (NASD: JKHY) will replace EQT Corp. (NYSE: EQT) in the S&P 500, and EQT will replace Jack Henry & Associates in the S&P MidCap 400 effective prior to the market open on Tuesday, November 13. Equitrans Midstream Corp. (NYSE: ETRN) will be added to the S&P MidCap 400 effective prior to the market open on November 13. Superior Energy Services Inc. (NYSE: SPN) will be removed from the S&P MidCap 400 effective prior to the opening on Wednesday, November 14, and will replace Flotek Industries Inc. (NYSE: FTK) in the S&P SmallCap 600. EQT is spinning off approximately 80% of its stake in Equitrans Midstream effective after the close on Monday, November 12. Post spin-off, EQT and Equitrans Midstream will both have market caps more representative of the mid-cap market space. Superior Energy Services' market capitalization is more representative of the small-cap market space, and Flotek is ranked at the bottom of the S&P SmallCap 600.
  • MasTec Inc. (NYSE: MTZ) will replace United Natural Foods Inc. (NASD: UNFI) in the S&P MidCap 400, and United Natural Foods will replace MiMedx Group Inc. (NASD: MDXG) in the S&P SmallCap 600 prior to the market open on Monday, November 12. The NASDAQ Stock Market has determined MiMedx Group is no longer in compliance with listing standards. Therefore, MiMedx will no longer be eligible for the S&P SmallCap 600. United Natural Foods has a market capitalization that is more representative of the small-cap market space.

Jack Henry & Associates provides technology solutions and payment processing services primarily for financial services organizations. Headquartered in Monett, MO, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Data Processing & Outsourced Services Sub-Industry index.

EQT Corp operates in the natural gas industry. Headquartered in Pittsburgh, PA, the company will be added to the S&P MidCap 400 GICS Oil & Gas Exploration & Production Sub-Industry index.

Equitrans Midstream owns, operates and develops midstream assets in the Appalachian Basin. Headquartered in Pittsburgh, PA, the company will be added to the S&P MidCap 400 GICS Oil & Gas Storage & Transportation Sub-Industry index.

Mastec provides engineering, building, installation, maintenance, and upgrade services for communications, energy, and utility infrastructure. Headquartered in Coral Gables, FL, the company will be added to the S&P MidCap 400 GICS Construction & Engineering Sub-Industry index.

Superior Energy Services provides oilfield services and equipment to oil and natural gas exploration and production companies. Headquartered in Houston, TX, the company will be added to the S&P SmallCap 600 GICS Oil & Gas Equipment & Services Sub-Industry index.

United Natural Foods distributes natural, organic, and specialty foods and non-food products. Headquartered in Providence, RI, the company will be added to the S&P SmallCap 600 GICS Food Distributors.

Following is a summary of the changes:

S&P MIDCAP 400 INDEX – NOVEMBER 12, 2018


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

MasTec

Industrials

Construction &
Engineering

DELETED

United Natural Foods

Consumer Staples

Food Distributors

 

S&P SMALLCAP 600 INDEX – NOVEMBER 12, 2018


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

United Natural Foods

Consumer Staples

Food Distributors

DELETED

MiMedx Group

Health Care

Biotechnology

 

S&P 500 INDEX – NOVEMBER 13, 2018


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Jack Henry

Information Technology

Data Processing &
Outsourced Services

DELETED

EQT

Energy

Oil & Gas Exploration &
Production

 

S&P MIDCAP 400 INDEX – NOVEMBER 13, 2018


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

EQT

Energy

Oil & Gas Exploration &
Production


Equitrans Midstream Corp

Energy

Oil & Gas Storage &
Transportation

DELETED

Jack Henry

Information Technology

Data Processing &
Outsourced Services

 

S&P MIDCAP 400 INDEX – NOVEMBER 14, 2018


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

DELETED

Superior Energy Services

Energy

Oil & Gas Equipment &
Services

 

S&P SMALLCAP 600 INDEX – NOVEMBER 14, 2018


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Superior Energy Services

Energy

Oil & Gas Equipment &
Services

DELETED

Flotek Industries

Materials

Specialty Chemicals

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

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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

 

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