FrontFour Capital Group LLC Acquires New Holdings in Sensient Technologies Co. (SXT)
FrontFour Capital Group LLC acquired a new stake in shares of Sensient Technologies Co. (NYSE:SXT) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 979 shares of the specialty chemicals company’s stock, valued at approximately $55,000. Sensient Technologies accounts for approximately 0.0% of FrontFour Capital Group LLC’s investment portfolio, making the stock its 16th largest holding.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in SXT. Huntington National Bank lifted its position in shares of Sensient Technologies by 66.6% during the fourth quarter. Huntington National Bank now owns 1,118 shares of the specialty chemicals company’s stock worth $62,000 after acquiring an additional 447 shares in the last quarter. Dupont Capital Management Corp purchased a new stake in shares of Sensient Technologies during the fourth quarter worth $114,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Sensient Technologies during the fourth quarter worth $140,000. Advisor Group Inc. lifted its position in shares of Sensient Technologies by 16.8% during the fourth quarter. Advisor Group Inc. now owns 3,159 shares of the specialty chemicals company’s stock worth $176,000 after acquiring an additional 455 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Sensient Technologies during the third quarter worth $209,000. 99.73% of the stock is owned by institutional investors and hedge funds.
Shares of SXT stock opened at $66.58 on Friday. The company has a current ratio of 3.83, a quick ratio of 1.55 and a debt-to-equity ratio of 0.80. Sensient Technologies Co. has a 52-week low of $51.93 and a 52-week high of $78.40. The firm has a market capitalization of $2.79 billion, a P/E ratio of 18.75 and a beta of 1.06.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 4th were given a $0.36 dividend. The ex-dividend date was Friday, February 1st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.16%. Sensient Technologies’s dividend payout ratio (DPR) is presently 40.56%.
Several research firms have issued reports on SXT. Seaport Global Securities began coverage on Sensient Technologies in a research report on Thursday, February 21st. They set a “buy” rating on the stock. TheStreet downgraded Sensient Technologies from a “b-” rating to a “c+” rating in a research report on Tuesday, December 18th. Exane BNP Paribas began coverage on Sensient Technologies in a research report on Friday, January 11th. They set an “outperform” rating and a $74.00 target price on the stock. Zacks Investment Research upgraded Sensient Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, December 22nd. Finally, KeyCorp set a $65.00 target price on Sensient Technologies and gave the stock a “buy” rating in a research report on Monday, January 14th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $74.60.
Sensient Technologies Profile
Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and fragrances in North America, Europe, the Asia Pacific, and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group.
Further Reading: Cost of Debt
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