Louisiana State Employees Retirement System decreased its stake in Sensient Technologies Corp. (NYSE:SXT) by 4.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,900 shares of the company’s stock after selling 600 shares during the period. Louisiana State Employees Retirement System’s holdings in Sensient Technologies Corp. were worth $845,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of SXT. LS Investment Advisors LLC raised its position in Sensient Technologies Corp. by 55.7% in the second quarter. LS Investment Advisors LLC now owns 3,233 shares of the company’s stock worth $230,000 after buying an additional 1,156 shares during the last quarter. Parametrica Management Ltd acquired a new position in Sensient Technologies Corp. during the second quarter worth $249,000. Miles Capital Inc. acquired a new position in Sensient Technologies Corp. during the first quarter worth $259,000. Capstone Asset Management Co. raised its position in 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 last quarter. Finally, Daiwa Securities Group Inc. acquired a new position in Sensient Technologies Corp. during the second quarter worth $313,000. 89.48% of the stock is currently owned by hedge funds and other institutional investors.
Sensient Technologies Corp. (NYSE:SXT) traded up 0.28% during mid-day trading on Thursday, reaching $75.13. The company had a trading volume of 134,036 shares. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 31.90 and a beta of 0.97. Sensient Technologies Corp. has a 12-month low of $52.69 and a 12-month high of $76.15. The stock has a 50-day moving average of $74.57 and a 200 day moving average of $70.27.
Sensient Technologies Corp. (NYSE:SXT) last issued its quarterly earnings results on Friday, July 22nd. The company reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.05. Sensient Technologies Corp. had a return on equity of 16.08% and a net margin of 7.65%. The firm earned $360.80 million during the quarter, compared to analyst estimates of $348.80 million. During the same quarter in the previous year, the company posted $0.80 earnings per share. On average, analysts expect that Sensient Technologies Corp. will post $3.23 EPS for the current year.
SXT has been the topic of a number of recent analyst reports. Sidoti initiated coverage on Sensient Technologies Corp. in a report on Friday, September 2nd. They set a “neutral” rating on the stock. Zacks Investment Research lowered Sensient Technologies Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, September 27th. Finally, Gabelli lowered Sensient Technologies Corp. from a “buy” rating to a “hold” rating in a report on Monday, July 25th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Sensient Technologies Corp. 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 Sensient Technologies Corp. stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $74.00, for a total transaction of $93,906.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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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