CJS Securities Begins Coverage on Sensient Technologies (NYSE:SXT)

CJS Securities assumed coverage on shares of Sensient Technologies (NYSE:SXT) in a research report issued on Tuesday, MarketBeat Ratings reports. The firm set a “market perform” rating and a $95.00 price target on the specialty chemicals company’s stock. CJS Securities’ price target suggests a potential downside of 1.97% from the stock’s previous close.

A number of other research firms have also recently weighed in on SXT. Robert W. Baird upped their price objective on shares of Sensient Technologies from $85.00 to $93.00 and gave the company an “outperform” rating in a research report on Monday, April 28th. Wall Street Zen cut Sensient Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, March 22nd.

Sensient Technologies Price Performance

NYSE SXT traded up $0.20 during trading hours on Tuesday, reaching $96.91. The company’s stock had a trading volume of 13,991 shares, compared to its average volume of 224,546. Sensient Technologies has a fifty-two week low of $66.15 and a fifty-two week high of $98.27. The stock has a market cap of $4.11 billion, a PE ratio of 33.04 and a beta of 0.56. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 3.55. The company’s 50-day moving average is $87.08 and its two-hundred day moving average is $78.37.

Sensient Technologies (NYSE:SXT) last posted its quarterly earnings data on Friday, April 25th. The specialty chemicals company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. The firm had revenue of $392.33 million during the quarter, compared to analysts’ expectations of $387.70 million. Sensient Technologies had a return on equity of 11.93% and a net margin of 8.01%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.73 EPS. Analysts forecast that Sensient Technologies will post 3.1 EPS for the current year.

Insider Transactions at Sensient Technologies

In other Sensient Technologies news, Director Mario Ferruzzi sold 1,668 shares of the company’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $95.45, for a total value of $159,210.60. Following the completion of the sale, the director now directly owns 7,946 shares of the company’s stock, valued at approximately $758,445.70. This represents a 17.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.20% of the company’s stock.

Institutional Trading of Sensient Technologies

Large investors have recently added to or reduced their stakes in the business. CWM LLC increased its stake in Sensient Technologies by 8.6% in the 1st quarter. CWM LLC now owns 1,894 shares of the specialty chemicals company’s stock worth $141,000 after purchasing an additional 150 shares in the last quarter. Xponance Inc. grew its holdings in shares of Sensient Technologies by 5.0% during the first quarter. Xponance Inc. now owns 3,169 shares of the specialty chemicals company’s stock valued at $236,000 after buying an additional 152 shares in the last quarter. Summit Investment Advisors Inc. raised its position in Sensient Technologies by 4.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,408 shares of the specialty chemicals company’s stock valued at $314,000 after buying an additional 203 shares during the period. Versor Investments LP boosted its position in Sensient Technologies by 5.1% during the 4th quarter. Versor Investments LP now owns 4,521 shares of the specialty chemicals company’s stock worth $322,000 after acquiring an additional 221 shares during the period. Finally, GAMMA Investing LLC grew its stake in Sensient Technologies by 132.6% during the 1st quarter. GAMMA Investing LLC now owns 435 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring an additional 248 shares in the last quarter. 90.86% of the stock is currently owned by institutional investors.

About Sensient Technologies

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, Asia, Australia, South America, and Africa. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, and natural extracts; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, and personal care industries.