Quantbot Technologies LP Buys 3,564 Shares of Sensient Technologies Co. (NYSE:SXT)

Quantbot Technologies LP grew its stake in shares of Sensient Technologies Co. (NYSE:SXT) by 83.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 7,822 shares of the specialty chemicals company’s stock after acquiring an additional 3,564 shares during the period. Quantbot Technologies LP’s holdings in Sensient Technologies were worth $557,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SXT. Wealthfront Advisers LLC bought a new stake in Sensient Technologies during the 4th quarter valued at about $7,270,000. Raymond James Financial Inc. purchased a new stake in shares of Sensient Technologies during the fourth quarter valued at approximately $6,483,000. State Street Corp increased its position in shares of Sensient Technologies by 3.7% during the third quarter. State Street Corp now owns 1,694,114 shares of the specialty chemicals company’s stock valued at $135,902,000 after acquiring an additional 60,622 shares in the last quarter. Barclays PLC raised its holdings in Sensient Technologies by 309.3% in the 3rd quarter. Barclays PLC now owns 77,260 shares of the specialty chemicals company’s stock worth $6,197,000 after acquiring an additional 58,386 shares during the last quarter. Finally, Robeco Schweiz AG lifted its position in Sensient Technologies by 34.9% in the 4th quarter. Robeco Schweiz AG now owns 158,329 shares of the specialty chemicals company’s stock valued at $11,283,000 after acquiring an additional 40,989 shares in the last quarter. Hedge funds and other institutional investors own 90.86% of the company’s stock.

Sensient Technologies Stock Performance

SXT stock opened at $73.32 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.55 and a quick ratio of 1.34. Sensient Technologies Co. has a 1 year low of $66.15 and a 1 year high of $82.99. The company has a market cap of $3.11 billion, a P/E ratio of 24.94 and a beta of 0.71. The stock’s fifty day moving average price is $73.32 and its 200-day moving average price is $75.12.

Sensient Technologies (NYSE:SXT) last released its quarterly earnings results on Friday, February 14th. The specialty chemicals company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. Sensient Technologies had a return on equity of 11.93% and a net margin of 8.01%. The business had revenue of $376.40 million during the quarter, compared to the consensus estimate of $375.10 million. During the same period in the previous year, the company posted $0.51 EPS. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, equities analysts forecast that Sensient Technologies Co. will post 3.1 earnings per share for the current year.

Sensient Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 4th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend was Tuesday, February 4th. Sensient Technologies’s payout ratio is 55.78%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Sensient Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, March 22nd.

About Sensient Technologies

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, Asia, Australia, South America, and Africa. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, and natural extracts; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, and personal care industries.