Koshinski Asset Management Inc. acquired a new stake in Sensient Technologies Corporation (NYSE:SXT) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 12,591 shares of the specialty chemicals company’s stock, valued at approximately $921,000.
Several other large investors have also made changes to their positions in SXT. Janus Henderson Group PLC lifted its stake in shares of Sensient Technologies by 732.3% in the 2nd quarter. Janus Henderson Group PLC now owns 3,126,256 shares of the specialty chemicals company’s stock valued at $251,757,000 after purchasing an additional 2,750,649 shares during the period. Atlanta Capital Management Co. L L C bought a new stake in Sensient Technologies in the 3rd quarter valued at about $21,336,000. Wells Fargo & Company MN increased its position in Sensient Technologies by 18.4% in the 3rd quarter. Wells Fargo & Company MN now owns 546,199 shares of the specialty chemicals company’s stock valued at $42,014,000 after buying an additional 84,767 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Sensient Technologies by 153.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 125,294 shares of the specialty chemicals company’s stock valued at $10,090,000 after buying an additional 75,874 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its position in Sensient Technologies by 1.6% in the 3rd quarter. Neuberger Berman Group LLC now owns 3,986,590 shares of the specialty chemicals company’s stock valued at $306,648,000 after buying an additional 63,383 shares in the last quarter. 88.26% of the stock is currently owned by institutional investors.
Shares of Sensient Technologies Corporation (NYSE SXT) opened at $73.02 on Thursday. Sensient Technologies Corporation has a 12-month low of $71.06 and a 12-month high of $84.98. The company has a market capitalization of $3,130.70, a PE ratio of 30.17, a P/E/G ratio of 2.22 and a beta of 1.08. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.59 and a quick ratio of 1.42.
Sensient Technologies (NYSE:SXT) last issued its earnings results on Thursday, October 19th. The specialty chemicals company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. Sensient Technologies had a return on equity of 17.34% and a net margin of 7.89%. The business had revenue of $353.52 million during the quarter. During the same period in the previous year, the firm earned $0.83 earnings per share. equities analysts anticipate that Sensient Technologies Corporation will post 3.41 earnings per share for the current fiscal year.
Sensient Technologies announced that its Board of Directors has approved a share repurchase program on Thursday, October 19th that authorizes the company to buyback 3,000,000 shares. This buyback authorization authorizes the specialty chemicals company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
SXT has been the subject of a number of research analyst reports. KeyCorp reaffirmed a “buy” rating and issued a $90.00 target price on shares of Sensient Technologies in a research report on Friday, November 3rd. Off Wall Street initiated coverage on Sensient Technologies in a research report on Monday, December 18th. They issued a “sell” rating for the company. Zacks Investment Research raised Sensient Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, Berenberg Bank initiated coverage on Sensient Technologies in a research report on Friday, September 22nd. They issued a “buy” rating and a $88.30 target price for the company. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. Sensient Technologies presently has a consensus rating of “Hold” and an average price target of $89.15.
In other Sensient Technologies news, Director Essie Whitelaw sold 667 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $75.15, for a total transaction of $50,125.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Fergus M. Clydesdale sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $76.00, for a total value of $152,000.00. The disclosure for this sale can be found here. Insiders sold a total of 4,187 shares of company stock valued at $316,125 over the last ninety days. 0.95% of the stock is currently owned by corporate insiders.
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Sensient Technologies 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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