Sit Investment Associates Inc. Has $105,000 Stake in Sensient Technologies Corp. (SXT)
Sit Investment Associates Inc. maintained its stake in shares of Sensient Technologies Corp. (NYSE:SXT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,475 shares of the company’s stock at the end of the second quarter. Sit Investment Associates Inc.’s holdings in Sensient Technologies Corp. were worth $105,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Barclays PLC boosted its stake in shares of Sensient Technologies Corp. by 1.0% in the first quarter. Barclays PLC now owns 14,271 shares of the company’s stock worth $899,000 after buying an additional 140 shares during the period. Capstone Asset Management Co. boosted its stake in shares of Sensient Technologies Corp. by 3.6% in the second quarter. Capstone Asset Management Co. now owns 4,056 shares of the company’s stock worth $288,000 after buying an additional 140 shares during the period. Strs Ohio boosted its stake in shares of Sensient Technologies Corp. by 4.3% in the second quarter. Strs Ohio now owns 7,200 shares of the company’s stock worth $511,000 after buying an additional 300 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its stake 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. Finally, First Republic Investment Management Inc. boosted its stake in shares of Sensient Technologies Corp. by 5.1% in the first quarter. First Republic Investment Management Inc. now owns 9,291 shares of the company’s stock worth $591,000 after buying an additional 452 shares during the period. Hedge funds and other institutional investors own 89.48% of the company’s stock.
Shares of Sensient Technologies Corp. (NYSE:SXT) traded down 0.28% on Friday, reaching $72.29. The company had a trading volume of 112,172 shares. The stock has a market capitalization of $3.24 billion, a PE ratio of 30.70 and a beta of 0.97. The company has a 50 day moving average price of $74.61 and a 200 day moving average price of $70.59. Sensient Technologies Corp. has a 52-week low of $52.69 and a 52-week high of $76.15.
Sensient Technologies Corp. (NYSE:SXT) last posted its quarterly earnings results on Friday, July 22nd. The company reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.05. The company had revenue of $360.80 million for the quarter, compared to analysts’ expectations of $348.80 million. Sensient Technologies Corp. had a return on equity of 16.08% and a net margin of 7.65%. During the same quarter in the prior year, the company earned $0.80 earnings per share. On average, equities research analysts anticipate that Sensient Technologies Corp. will post $3.23 earnings per share for the current year.
SXT has been the topic of several analyst reports. Gabelli cut Sensient Technologies Corp. from a “buy” rating to a “hold” rating in a report on Monday, July 25th. Zacks Investment Research upgraded Sensient Technologies Corp. from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a report on Wednesday, July 27th. Finally, Sidoti initiated coverage on Sensient Technologies Corp. in a report on Friday, September 2nd. They set a “neutral” rating on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $73.75.
In other Sensient Technologies Corp. news, Director Essie Whitelaw sold 1,269 shares of the company’s stock in a transaction on Friday, August 5th. The stock was sold at an average price of $74.00, for a total value of $93,906.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.87% of the stock is owned by company insiders.
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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