Elkfork Partners LLC bought a new position in shares of Sensient Technologies Co. (NYSE:SXT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,760 shares of the specialty chemicals company’s stock, valued at approximately $129,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. TIAA CREF Investment Management LLC boosted its holdings in Sensient Technologies by 29.3% during the fourth quarter. TIAA CREF Investment Management LLC now owns 232,105 shares of the specialty chemicals company’s stock worth $16,978,000 after purchasing an additional 52,585 shares during the last quarter. Teachers Advisors LLC boosted its holdings in Sensient Technologies by 2.1% during the fourth quarter. Teachers Advisors LLC now owns 103,872 shares of the specialty chemicals company’s stock worth $7,598,000 after purchasing an additional 2,090 shares during the last quarter. Two Sigma Investments LP acquired a new position in Sensient Technologies during the fourth quarter worth $1,056,000. Stone Ridge Asset Management LLC acquired a new position in Sensient Technologies during the fourth quarter worth $735,000. Finally, Deutsche Bank AG boosted its holdings in Sensient Technologies by 91.0% during the fourth quarter. Deutsche Bank AG now owns 188,756 shares of the specialty chemicals company’s stock worth $13,806,000 after purchasing an additional 89,950 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.
Several brokerages recently commented on SXT. Zacks Investment Research upgraded shares of Sensient Technologies from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a report on Friday. Gabelli upgraded shares of Sensient Technologies from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a report on Monday, February 12th. TheStreet cut shares of Sensient Technologies from a “b” rating to a “c+” rating in a research note on Thursday, February 8th. Finally, Off Wall Street began coverage on shares of Sensient Technologies in a research note on Monday, December 18th. They issued a “sell” rating for the company. Two investment analysts have rated the stock with a sell rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $87.58.
Shares of SXT stock opened at $69.37 on Friday. The firm has a market capitalization of $3,000.02, a price-to-earnings ratio of 20.28, a PEG ratio of 2.27 and a beta of 0.93. The company has a quick ratio of 1.25, a current ratio of 3.39 and a debt-to-equity ratio of 0.71. Sensient Technologies Co. has a one year low of $65.60 and a one year high of $84.98.
Sensient Technologies (NYSE:SXT) last announced its quarterly earnings results on Thursday, February 8th. The specialty chemicals company reported $0.84 EPS for the quarter, meeting analysts’ consensus estimates of $0.84. The firm had revenue of $328.87 million during the quarter. Sensient Technologies had a net margin of 6.58% and a return on equity of 17.37%. equities research analysts predict that Sensient Technologies Co. will post 3.83 earnings per share for the current fiscal year.
Sensient Technologies Profile
Sensient Technologies Corporation is a manufacturer and marketer of colors, flavors and fragrances. The Company uses technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, specialty inks and colors, and other specialty and fine chemicals.
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