Sensient Technologies Corporation (NYSE:SXT) Sees Significant Decrease in Short Interest

Sensient Technologies Corporation (NYSE:SXT) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totaling 1,119,341 shares, a drop of 13.9% from the March 15th total of 1,299,514 shares. Based on an average trading volume of 330,355 shares, the days-to-cover ratio is currently 3.4 days. Approximately 2.7% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SXT shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sensient Technologies in a research note on Monday, December 29th. Zacks Research cut shares of Sensient Technologies from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. Finally, UBS Group began coverage on shares of Sensient Technologies in a research note on Wednesday, April 1st. They issued a “buy” rating and a $115.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $111.67.

Institutional Trading of Sensient Technologies

A number of hedge funds have recently bought and sold shares of SXT. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Sensient Technologies during the 1st quarter valued at about $77,955,000. Invesco Ltd. lifted its stake in shares of Sensient Technologies by 15.8% in the 4th quarter. Invesco Ltd. now owns 478,262 shares of the specialty chemicals company’s stock worth $44,933,000 after purchasing an additional 65,244 shares during the period. Empowered Funds LLC purchased a new position in shares of Sensient Technologies in the fourth quarter worth approximately $178,000. SummitTX Capital L.P. boosted its holdings in shares of Sensient Technologies by 3.9% in the fourth quarter. SummitTX Capital L.P. now owns 17,798 shares of the specialty chemicals company’s stock worth $1,672,000 after buying an additional 660 shares during the last quarter. Finally, Potrero Capital Research LLC bought a new stake in Sensient Technologies during the fourth quarter valued at approximately $2,575,000. Hedge funds and other institutional investors own 90.86% of the company’s stock.

Sensient Technologies Stock Performance

SXT traded up $6.18 during midday trading on Friday, hitting $101.51. 152,685 shares of the company traded hands, compared to its average volume of 301,518. The company’s 50-day moving average is $92.40 and its 200 day moving average is $93.93. The company has a quick ratio of 1.53, a current ratio of 4.10 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $4.32 billion, a PE ratio of 32.12 and a beta of 0.62. Sensient Technologies has a 52 week low of $72.60 and a 52 week high of $121.54.

Sensient Technologies (NYSE:SXT) last announced its quarterly earnings results on Friday, February 13th. The specialty chemicals company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.06). The company had revenue of $393.45 million during the quarter, compared to the consensus estimate of $395.70 million. Sensient Technologies had a return on equity of 12.82% and a net margin of 8.34%.The business’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.70 earnings per share. Sensient Technologies has set its FY 2026 guidance at 3.600-3.800 EPS. On average, research analysts expect that Sensient Technologies will post 3.1 EPS for the current year.

Sensient Technologies Company Profile

Sensient Technologies Corporation is a global leader in the manufacture and supply of colors, flavors and fragrances for a broad range of end-markets. The company develops and produces ingredients that enhance the appearance, taste and scent of products in the food, beverage, nutraceutical, pharmaceutical, personal care and household sectors. Its portfolio includes natural and synthetic colorants, botanical and artificial flavor systems, fragrance compounds and specialty chemical offerings tailored to customer specifications.

Within its flavor and fragrance division, Sensient provides custom formulations for sweet, savory and umami taste profiles along with fragrance blends for personal care and cosmetic applications.