Los Angeles Capital Management LLC acquired a new stake in Sensient Technologies Corporation (NYSE:SXT – Free Report) during the 4th quarter, Holdings Channel.com reports. The firm acquired 16,713 shares of the specialty chemicals company’s stock, valued at approximately $1,500,000.
Other hedge funds have also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd purchased a new position in shares of Sensient Technologies in the third quarter valued at approximately $1,324,000. Western Standard LLC purchased a new stake in Sensient Technologies during the 3rd quarter worth approximately $3,233,000. Tudor Investment Corp ET AL purchased a new stake in Sensient Technologies during the 3rd quarter worth approximately $4,142,000. Yost Capital Management LP lifted its holdings in Sensient Technologies by 43.8% during the 3rd quarter. Yost Capital Management LP now owns 86,300 shares of the specialty chemicals company’s stock worth $8,099,000 after buying an additional 26,300 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 Sensient Technologies stock opened at $119.69 on Thursday. 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 $108.31 and a 200 day moving average of $99.18. The company has a quick ratio of 1.97, a current ratio of 5.01 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $5.10 billion, a P/E ratio of 35.31 and a beta of 0.80.
Sensient Technologies Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 11th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Monday, May 11th. Sensient Technologies’s dividend payout ratio is 48.38%.
Insiders Place Their Bets
In other Sensient Technologies news, VP Thierry Hoang sold 400 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $115.19, for a total value of $46,076.00. Following the sale, the vice president directly owned 13,909 shares in the company, valued at $1,602,177.71. This trade represents a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Several research firms have commented on SXT. UBS Group boosted their price target on shares of Sensient Technologies from $115.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Zacks Research upgraded Sensient Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Finally, Weiss Ratings raised Sensient Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $134.00.
Get Our Latest Stock Report 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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