U.S. Markets closed

Rollins Set to Join S&P 500; Inogen to Join S&P MidCap 400; Vanda Pharmaceuticals and Garrett Motion to Join S&P SmallCap 600

NEW YORK, Sept. 25, 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 Rollins Inc. (ROL) will replace Andeavor (ANDV) in the S&P 500, S&P SmallCap 600 constituent Inogen Inc. (INGN) will replace Rollins in the S&P MidCap 400, and Vanda Pharmaceuticals Inc. (VNDA) will replace Inogen in the S&P SmallCap 600 prior to the open of trading on Monday, October 1. S&P 500 constituent Marathon Petroleum Corp. (MPC) is acquiring Andeavor in a deal expected to close on or about that date pending final conditions.

  • Garrett Motion Inc. (NYSE:GTX) will replace Aceto Corp. (ACET) in the S&P SmallCap 600 effective prior to the open of trading on Tuesday, October 2. S&P 100 & 500 constituent Honeywell International Inc. (HON) is spinning-off Garrett Motion to shareholders in a deal expected to be completed on October 1 pending final conditions. Post spin-off, Honeywell will remain in the S&P 100 and 500. Aceto is ranked near the bottom of the S&P SmallCap 600 and is no longer representative of the small-cap market space.

Rollins provides pest and termite control services. Headquartered in Atlanta, GA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Environmental & Facilities Services Sub-Industry index.

Inogen primarily develops, manufactures, and markets portable oxygen concentrators. Headquartered in Goleta, CA, the company will be added to the S&P MidCap 400 GICS Health Care Equipment Sub-Industry index.

Vanda Pharmaceuticals focuses on the development and commercialization of products for the treatment of central nervous system disorders. Headquartered in Washington, DC, the company will be added to the S&P SmallCap 600 GICS Biotechnology Sub-Industry index.

Garrett Motion designs, manufactures and sells highly engineered turbocharger and electric boosting technologies for light and commercial vehicle original equipment manufacturers and the aftermarket.  Headquartered in Rolle, Switzerland, the company will be added to the S&P SmallCap 600 GICS Auto Parts & Equipment Sub-Industry index.

Following is a summary of the changes:

S&P 500 INDEX – OCTOBER 1, 2018


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Rollins

Industrials

Environmental & Facilities Services

DELETED

Andeavor

Energy

Oil & Gas Refining & Marketing

 

S&P MIDCAP 400 INDEX – OCTOBER 1, 2018


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Inogen

Health Care

Health Care Equipment

DELETED

Rollins

Industrials

Environmental & Facilities Services

 

S&P SMALLCAP 600 INDEX – OCTOBER 1, 2018


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Vanda Pharmaceuticals

Health Care

Biotechnology

DELETED

Inogen

Health Care

Health Care Equipment

 

S&P SMALLCAP 600 INDEX – OCTOBER 2, 2018


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Garrett Motion

Industrials

Auto Parts & Equipment

DELETED

Aceto

Health Care

Health Care Distributors

 

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 (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/rollins-set-to-join-sp-500-inogen-to-join-sp-midcap-400-vanda-pharmaceuticals-and-garrett-motion-to-join-sp-smallcap-600-300718888.html