Yost Capital Management LP grew its stake in shares of Sensient Technologies Corporation (NYSE:SXT – Free Report) by 51.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 130,700 shares of the specialty chemicals company’s stock after acquiring an additional 44,400 shares during the quarter. Sensient Technologies comprises about 17.8% of Yost Capital Management LP’s holdings, making the stock its largest position. Yost Capital Management LP’s holdings in Sensient Technologies were worth $12,279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd acquired a new stake in Sensient Technologies during the 3rd quarter worth approximately $1,324,000. Western Standard LLC acquired a new stake in Sensient Technologies during the 3rd quarter worth approximately $3,233,000. Tudor Investment Corp ET AL acquired a new stake in Sensient Technologies during the 3rd quarter worth approximately $4,142,000. JPMorgan Chase & Co. increased its position in Sensient Technologies by 47.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 98,683 shares of the specialty chemicals company’s stock worth $9,261,000 after purchasing an additional 31,777 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Sensient Technologies during the 3rd quarter worth approximately $3,212,000. Institutional investors and hedge funds own 90.86% of the company’s stock.
Sensient Technologies Stock Up 0.2%
Shares of NYSE:SXT opened at $124.30 on Monday. The company has a quick ratio of 1.97, a current ratio of 5.01 and a debt-to-equity ratio of 0.63. Sensient Technologies Corporation has a 52-week low of $82.60 and a 52-week high of $129.35. The company has a 50 day moving average of $109.71 and a two-hundred day moving average of $99.58. The company has a market capitalization of $5.29 billion, a price-to-earnings ratio of 36.67 and a beta of 0.80.
Sensient Technologies Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 11th were given a $0.41 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.64 annualized dividend and a yield of 1.3%. Sensient Technologies’s dividend payout ratio (DPR) is 48.38%.
Insider Transactions at Sensient Technologies
In other Sensient Technologies news, VP Thierry Hoang sold 400 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $115.19, for a total value of $46,076.00. Following the completion of the sale, the vice president owned 13,909 shares of the company’s stock, valued at $1,602,177.71. This trade represents a 2.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the stock. Zacks Research raised shares of Sensient Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Weiss Ratings raised shares of Sensient Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Finally, UBS Group increased their target price on shares of Sensient Technologies from $115.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $134.00.
Read Our Latest Analysis on Sensient Technologies
Sensient Technologies 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.
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