Sensient Technologies Corporation (NYSE:SXT – Get Free Report) saw unusually large options trading on Monday. Traders bought 8,000 put options on the company. This is an increase of 10,156% compared to the typical daily volume of 78 put options.
Sensient Technologies Price Performance
NYSE SXT traded down $0.56 during trading on Monday, hitting $132.09. 80,095 shares of the stock traded hands, compared to its average volume of 393,998. The company has a quick ratio of 1.72, a current ratio of 4.39 and a debt-to-equity ratio of 0.61. Sensient Technologies has a 12-month low of $82.60 and a 12-month high of $138.82. The firm has a 50-day simple moving average of $131.98 and a 200-day simple moving average of $121.47. The company has a market capitalization of $5.62 billion, a P/E ratio of 35.56 and a beta of 0.84.
Sensient Technologies (NYSE:SXT – Get Free Report) last issued its quarterly earnings data on Friday, July 24th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.17. The business had revenue of $462.08 million for the quarter, compared to analysts’ expectations of $448.84 million. Sensient Technologies had a return on equity of 13.77% and a net margin of 9.27%. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 EPS. As a group, analysts predict that Sensient Technologies will post 4.20 EPS for the current year.
Insider Buying and Selling
In other Sensient Technologies news, Director Mario Ferruzzi sold 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $129.48, for a total value of $155,376.00. Following the completion of the transaction, the director directly owned 7,352 shares in the company, valued at $951,936.96. This represents a 14.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.30% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Tower View Wealth Management LLC grew its stake in shares of Sensient Technologies by 0.9% in the 3rd quarter. Tower View Wealth Management LLC now owns 17,902 shares of the specialty chemicals company’s stock worth $2,340,000 after buying an additional 158 shares in the last quarter. Gibbs Wealth Management increased its holdings in shares of Sensient Technologies by 6.4% in the 3rd quarter. Gibbs Wealth Management now owns 9,817 shares of the specialty chemicals company’s stock worth $1,283,000 after buying an additional 591 shares during the last quarter. Sterling Capital Management LLC increased its holdings in shares of Sensient Technologies by 842.4% in the 3rd quarter. Sterling Capital Management LLC now owns 1,423 shares of the specialty chemicals company’s stock worth $186,000 after buying an additional 1,272 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Sensient Technologies by 36.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,723 shares of the specialty chemicals company’s stock worth $225,000 after buying an additional 464 shares during the last quarter. Finally, Abel Hall LLC purchased a new stake in shares of Sensient Technologies during the 3rd quarter valued at about $256,000. 90.86% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Sensient Technologies from a “hold” rating to a “buy” rating in a research report on Monday, October 19th. Zacks Research downgraded shares of Sensient Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, September 25th. Robert W. Baird upped their target price on shares of Sensient Technologies from $125.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Rothschild & Co Redburn started coverage on shares of Sensient Technologies in a research note on Wednesday, July 8th. They set a “neutral” rating and a $125.00 target price for the company. Finally, Weiss Ratings downgraded shares of Sensient Technologies from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Sensient Technologies presently has an average rating of “Moderate Buy” and an average target price of $140.67.
Check Out Our Latest Stock Report on Sensient Technologies
About Sensient Technologies
Sensient Technologies Corporation is a global manufacturer of colors, flavors and extracts used in food, beverages, pharmaceuticals, cosmetics and other consumer and industrial products. The company develops customized ingredient solutions designed to improve the appearance, taste, aroma and overall sensory qualities of finished products.
Sensient’s product portfolio includes natural and synthetic food colors, coloring systems, flavor compounds, botanical extracts and other specialty ingredients.
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