Pacer Advisors Inc. acquired a new position in shares of Sensient Technologies Co. (NYSE:SXT) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 16,832 shares of the specialty chemicals company’s stock, valued at approximately $1,237,000.
Other institutional investors have also recently made changes to their positions in the company. Janus Henderson Group PLC increased its position in Sensient Technologies by 3.1% during the 2nd quarter. Janus Henderson Group PLC now owns 4,396,336 shares of the specialty chemicals company’s stock valued at $323,043,000 after purchasing an additional 134,166 shares during the period. Champlain Investment Partners LLC grew its position in shares of Sensient Technologies by 0.5% during the 1st quarter. Champlain Investment Partners LLC now owns 1,812,105 shares of the specialty chemicals company’s stock worth $122,843,000 after buying an additional 8,920 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Sensient Technologies by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,145,972 shares of the specialty chemicals company’s stock worth $64,003,000 after buying an additional 19,577 shares during the period. Schroder Investment Management Group grew its position in shares of Sensient Technologies by 9.9% during the 2nd quarter. Schroder Investment Management Group now owns 810,359 shares of the specialty chemicals company’s stock worth $59,545,000 after buying an additional 72,695 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Sensient Technologies by 4.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 683,741 shares of the specialty chemicals company’s stock worth $50,241,000 after buying an additional 26,418 shares during the period. Hedge funds and other institutional investors own 96.97% of the company’s stock.
NYSE SXT traded up $0.53 during mid-day trading on Friday, hitting $70.08. The company’s stock had a trading volume of 3,101 shares, compared to its average volume of 206,677. The company’s 50 day simple moving average is $66.22 and its 200 day simple moving average is $68.73. Sensient Technologies Co. has a twelve month low of $51.93 and a twelve month high of $78.40. The company has a current ratio of 4.17, a quick ratio of 1.80 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 19.77 and a beta of 1.01.
Sensient Technologies (NYSE:SXT) last posted its quarterly earnings results on Friday, July 19th. The specialty chemicals company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). Sensient Technologies had a net margin of 10.87% and a return on equity of 16.15%. The business had revenue of $339.20 million during the quarter, compared to analyst estimates of $361.20 million. During the same period in the previous year, the business posted $0.92 EPS. The business’s revenue for the quarter was down 6.6% compared to the same quarter last year. As a group, research analysts forecast that Sensient Technologies Co. will post 3.19 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 2nd were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend was Thursday, August 1st. Sensient Technologies’s payout ratio is currently 40.56%.
SXT has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Sensient Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, September 7th. TheStreet raised shares of Sensient Technologies from a “c+” rating to a “b-” rating in a research report on Tuesday, June 18th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $75.00.
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.
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