First Trust Advisors LP Buys New Stake in Sensient Technologies Corp. (SXT)
First Trust Advisors LP bought a new stake in Sensient Technologies Corp. (NYSE:SXT) during the second quarter, according to its most recent filing with the SEC. The firm bought 7,032 shares of the company’s stock, valued at approximately $500,000.
A number of other institutional investors have also bought and sold shares of SXT. Cookson Peirce & Co. Inc. acquired a new stake in shares of Sensient Technologies Corp. during the second quarter valued at about $212,000. Boston Advisors LLC acquired a new stake in shares of Sensient Technologies Corp. during the second quarter valued at about $224,000. LS Investment Advisors LLC increased its stake in shares of Sensient Technologies Corp. by 55.7% in the second quarter. LS Investment Advisors LLC now owns 3,233 shares of the company’s stock valued at $230,000 after buying an additional 1,156 shares in the last quarter. Parametrica Management Ltd acquired a new stake in shares of Sensient Technologies Corp. during the second quarter valued at about $249,000. Finally, Miles Capital Inc. acquired a new stake in shares of Sensient Technologies Corp. during the first quarter valued at about $259,000. 89.48% of the stock is currently owned by hedge funds and other institutional investors.
Sensient Technologies Corp. (NYSE:SXT) traded up 0.18% during midday trading on Wednesday, hitting $73.31. 41,003 shares of the company traded hands. Sensient Technologies Corp. has a 12-month low of $52.69 and a 12-month high of $76.15. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 31.13 and a beta of 0.97. The stock’s 50-day moving average price is $74.64 and its 200 day moving average price is $70.56.
Sensient Technologies Corp. (NYSE:SXT) last issued its quarterly earnings results on Friday, July 22nd. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.79 by $0.05. Sensient Technologies Corp. had a net margin of 7.65% and a return on equity of 16.08%. The firm had revenue of $360.80 million for the quarter, compared to analysts’ expectations of $348.80 million. During the same period in the previous year, the firm posted $0.80 EPS. On average, equities analysts forecast that Sensient Technologies Corp. will post $3.23 EPS for the current year.
Several brokerages have recently issued reports on SXT. Gabelli downgraded Sensient Technologies Corp. from a “buy” rating to a “hold” rating in a research report on Monday, July 25th. Zacks Investment Research upgraded shares of Sensient Technologies Corp. from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research note on Wednesday, July 27th. Finally, Sidoti assumed coverage on shares of Sensient Technologies Corp. in a research note on Friday, September 2nd. They issued a “neutral” rating for the company. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $73.75.
In other Sensient Technologies Corp. news, Director Essie Whitelaw sold 1,269 shares of the business’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $74.00, for a total transaction of $93,906.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.87% of the company’s stock.
Sensient Technologies Corp. Company 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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