Vanguard Group Inc. Has $257,449,000 Stake in Sensient Technologies Corp. (SXT)
Vanguard Group Inc. raised its stake in shares of Sensient Technologies Corp. (NYSE:SXT) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,624,006 shares of the company’s stock after buying an additional 99,736 shares during the period. Vanguard Group Inc. owned approximately 8.13% of Sensient Technologies Corp. worth $257,449,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. Virginia Retirement System purchased a new position in shares of Sensient Technologies Corp. during the first quarter worth about $438,000. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of Sensient Technologies Corp. by 3.7% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 11,919 shares of the company’s stock worth $756,000 after buying an additional 425 shares during the period. BlackRock Inc. raised its position in shares of Sensient Technologies Corp. by 6.5% in the first quarter. BlackRock Inc. now owns 17,964 shares of the company’s stock worth $1,140,000 after buying an additional 1,097 shares during the period. BlackRock Group LTD raised its position in shares of Sensient Technologies Corp. by 43.2% in the first quarter. BlackRock Group LTD now owns 38,116 shares of the company’s stock worth $2,418,000 after buying an additional 11,490 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Sensient Technologies Corp. by 1.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,379,181 shares of the company’s stock worth $87,523,000 after buying an additional 16,926 shares during the period. Hedge funds and other institutional investors own 89.48% of the company’s stock.
Sensient Technologies Corp. (NYSE:SXT) opened at 73.18 on Wednesday. Sensient Technologies Corp. has a 1-year low of $52.69 and a 1-year high of $76.15. The firm has a 50-day moving average of $74.64 and a 200-day moving average of $70.56. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 31.07 and a beta of 0.97.
Sensient Technologies Corp. (NYSE:SXT) last announced its quarterly earnings data on Friday, July 22nd. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.05. The business had revenue of $360.80 million for the quarter, compared to the consensus estimate of $348.80 million. Sensient Technologies Corp. had a net margin of 7.65% and a return on equity of 16.08%. During the same quarter in the prior year, the firm posted $0.80 earnings per share. Equities research analysts anticipate that Sensient Technologies Corp. will post $3.23 EPS for the current year.
A number of equities analysts recently issued reports on SXT shares. Zacks Investment Research upgraded 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. Gabelli downgraded Sensient Technologies Corp. from a “buy” rating to a “hold” rating in a research report on Monday, July 25th. Finally, Sidoti began coverage on Sensient Technologies Corp. in a research report on Friday, September 2nd. They set a “neutral” rating on the stock. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $73.75.
In related news, Director Essie Whitelaw sold 1,269 shares of the company’s stock in a transaction that occurred on 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 filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.87% of the company’s stock.
About Sensient Technologies Corp.
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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