Legal & General Group Plc boosted its holdings in shares of Sensient Technologies Corporation (NYSE:SXT) by 9.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,879 shares of the specialty chemicals company’s stock after buying an additional 4,675 shares during the quarter. Legal & General Group Plc owned about 0.12% of Sensient Technologies worth $4,068,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Susquehanna International Group LLP acquired a new position in Sensient Technologies during the second quarter worth $1,448,000. Tributary Capital Management LLC increased its position in Sensient Technologies by 11.1% during the third quarter. Tributary Capital Management LLC now owns 238,051 shares of the specialty chemicals company’s stock worth $18,311,000 after buying an additional 23,809 shares during the last quarter. Eagle Asset Management Inc. increased its position in Sensient Technologies by 58.8% during the second quarter. Eagle Asset Management Inc. now owns 537,892 shares of the specialty chemicals company’s stock worth $43,316,000 after buying an additional 199,123 shares during the last quarter. Geneva Advisors LLC increased its position in Sensient Technologies by 3.2% during the second quarter. Geneva Advisors LLC now owns 6,680 shares of the specialty chemicals company’s stock worth $538,000 after buying an additional 208 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. acquired a new position in Sensient Technologies during the third quarter worth $394,000. 88.26% of the stock is currently owned by hedge funds and other institutional investors.
Sensient Technologies Corporation (NYSE:SXT) traded down $1.26 during mid-day trading on Friday, reaching $72.09. 338,214 shares of the company’s stock were exchanged, compared to its average volume of 200,176. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.59 and a quick ratio of 1.42. Sensient Technologies Corporation has a one year low of $71.21 and a one year high of $84.98. The company has a market capitalization of $3,188.96, a PE ratio of 29.79, a price-to-earnings-growth ratio of 2.26 and a beta of 1.08.
Sensient Technologies (NYSE:SXT) last released its quarterly earnings results on Thursday, October 19th. The specialty chemicals company reported $0.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.01. Sensient Technologies had a net margin of 7.89% and a return on equity of 17.34%. The company had revenue of $353.52 million during the quarter. During the same quarter last year, the company earned $0.83 earnings per share. equities analysts forecast that Sensient Technologies Corporation will post 3.41 earnings per share for the current fiscal year.
Sensient Technologies announced that its board has authorized a stock buyback plan on Thursday, October 19th that authorizes the company to repurchase 3,000,000 shares. This repurchase authorization authorizes the specialty chemicals company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
In related news, Director Fergus M. Clydesdale sold 2,000 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $76.00, for a total value of $152,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Essie Whitelaw sold 667 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $75.15, for a total transaction of $50,125.05. The disclosure for this sale can be found here. Insiders have sold 4,187 shares of company stock valued at $316,125 over the last 90 days. Corporate insiders own 0.95% of the company’s stock.
SXT has been the topic of several analyst reports. Berenberg Bank initiated coverage on shares of Sensient Technologies in a research report on Friday, September 22nd. They set a “buy” rating and a $88.30 target price on the stock. KeyCorp reissued a “buy” rating and set a $90.00 target price on shares of Sensient Technologies in a research report on Friday, November 3rd. Zacks Investment Research raised shares of Sensient Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, Off Wall Street assumed coverage on shares of Sensient Technologies in a report on Monday, December 18th. They set a “sell” rating for the company. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. Sensient Technologies presently has a consensus rating of “Hold” and an average target price of $89.15.
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Sensient Technologies Profile
Sensient Technologies Corporation is a manufacturer and marketer of colors, flavors and fragrances. The Company uses technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, specialty inks and colors, and other specialty and fine chemicals.
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