Amundi Pioneer Asset Management Inc. acquired a new stake in Sensient Technologies Co. (NYSE:SXT) in the 4th quarter, HoldingsChannel reports. The fund acquired 2,841 shares of the specialty chemicals company’s stock, valued at approximately $208,000.
Several other institutional investors have also recently added to or reduced their stakes in the company. AXA acquired a new position in shares of Sensient Technologies in the fourth quarter valued at approximately $2,225,000. Geode Capital Management LLC increased its stake in shares of Sensient Technologies by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 405,817 shares of the specialty chemicals company’s stock valued at $29,685,000 after buying an additional 27,329 shares during the period. Champlain Investment Partners LLC acquired a new position in shares of Sensient Technologies in the fourth quarter valued at approximately $20,522,000. Carillon Tower Advisers Inc. acquired a new position in shares of Sensient Technologies in the fourth quarter valued at approximately $38,163,000. Finally, Eaton Vance Management increased its stake in shares of Sensient Technologies by 10.1% in the fourth quarter. Eaton Vance Management now owns 52,776 shares of the specialty chemicals company’s stock valued at $3,860,000 after buying an additional 4,838 shares during the period. 91.00% of the stock is owned by institutional investors.
SXT has been the subject of several recent research reports. Zacks Investment Research downgraded Sensient Technologies from a “buy” rating to a “hold” rating in a research note on Saturday. Gabelli raised Sensient Technologies from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research note on Monday, February 12th. TheStreet downgraded Sensient Technologies from a “b” rating to a “c+” rating in a research note on Thursday, February 8th. Finally, Off Wall Street initiated coverage on 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, one has assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $87.58.
NYSE:SXT opened at $70.58 on Monday. The company has a market cap of $3,046.23, a price-to-earnings ratio of 20.64, a PEG ratio of 2.31 and a beta of 0.94. The company has a debt-to-equity ratio of 0.71, a current ratio of 3.39 and a quick ratio of 1.25. Sensient Technologies Co. has a fifty-two week low of $65.60 and a fifty-two week high of $84.98.
Sensient Technologies (NYSE:SXT) last released its earnings results on Thursday, February 8th. The specialty chemicals company reported $0.84 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.84. The business 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%. sell-side analysts expect that Sensient Technologies Co. will post 3.83 EPS for the current year.
Sensient Technologies Company 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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