BlackRock Advisors LLC Increases Position in Sensient Technologies Corporation (SXT)
BlackRock Advisors LLC raised its position in Sensient Technologies Corporation (NYSE:SXT) by 3.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,810 shares of the company’s stock after buying an additional 1,398 shares during the period. BlackRock Advisors LLC’s holdings in Sensient Technologies Corporation were worth $3,472,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Westwood Holdings Group Inc. boosted its position in shares of Sensient Technologies Corporation by 1,916.2% in the second quarter. Westwood Holdings Group Inc. now owns 463,258 shares of the company’s stock worth $32,910,000 after buying an additional 440,281 shares during the last quarter. Mesirow Financial Investment Management Equity Management boosted its position in shares of Sensient Technologies Corporation by 1,018.8% in the second quarter. Mesirow Financial Investment Management Equity Management now owns 359,507 shares of the company’s stock worth $25,541,000 after buying an additional 327,374 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its position in shares of Sensient Technologies Corporation by 39.3% in the second quarter. Aberdeen Asset Management PLC UK now owns 549,517 shares of the company’s stock worth $39,037,000 after buying an additional 155,117 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Sensient Technologies Corporation by 2.8% in the second quarter. Vanguard Group Inc. now owns 3,624,006 shares of the company’s stock worth $257,449,000 after buying an additional 99,736 shares during the last quarter. Finally, Waddell & Reed Financial Inc. acquired a new position in shares of Sensient Technologies Corporation during the second quarter worth about $5,981,000. Institutional investors own 89.48% of the company’s stock.
Shares of Sensient Technologies Corporation (NYSE:SXT) traded up 0.88% during midday trading on Friday, hitting $78.00. 38,518 shares of the stock were exchanged. The stock has a market cap of $3.47 billion, a P/E ratio of 30.76 and a beta of 0.93. Sensient Technologies Corporation has a one year low of $52.69 and a one year high of $83.38. The stock’s 50-day moving average price is $78.85 and its 200 day moving average price is $74.82.
Sensient Technologies Corporation (NYSE:SXT) last announced its earnings results on Thursday, October 20th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.01. Sensient Technologies Corporation had a net margin of 8.20% and a return on equity of 16.28%. During the same period last year, the firm posted $0.77 earnings per share. On average, analysts anticipate that Sensient Technologies Corporation will post $3.21 earnings per share for the current year.
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Separately, Zacks Investment Research upgraded shares of Sensient Technologies Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, December 27th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $73.75.
In related news, Director Fergus M. Clydesdale sold 2,000 shares of the stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $74.49, for a total value of $148,980.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.87% of the stock is currently owned by corporate insiders.
About Sensient Technologies Corporation
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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