Mirae Asset Global Investments Co. Ltd. Buys 1,302 Shares of Sensient Technologies Co. (NYSE:SXT)

Mirae Asset Global Investments Co. Ltd. lifted its position in Sensient Technologies Co. (NYSE:SXT) by 7.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,546 shares of the specialty chemicals company’s stock after purchasing an additional 1,302 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Sensient Technologies were worth $1,290,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SXT. Nordea Investment Management AB boosted its stake in shares of Sensient Technologies by 21.9% during the fourth quarter. Nordea Investment Management AB now owns 1,688,101 shares of the specialty chemicals company’s stock valued at $111,617,000 after purchasing an additional 303,612 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Sensient Technologies by 14.1% during the third quarter. Victory Capital Management Inc. now owns 217,644 shares of the specialty chemicals company’s stock valued at $12,728,000 after buying an additional 26,969 shares during the last quarter. M&T Bank Corp grew its position in shares of Sensient Technologies by 3.7% in the 3rd quarter. M&T Bank Corp now owns 24,492 shares of the specialty chemicals company’s stock worth $1,433,000 after buying an additional 880 shares during the last quarter. Heartland Advisors Inc. raised its stake in shares of Sensient Technologies by 7.8% during the 3rd quarter. Heartland Advisors Inc. now owns 140,716 shares of the specialty chemicals company’s stock worth $9,082,000 after acquiring an additional 10,225 shares in the last quarter. Finally, Public Sector Pension Investment Board purchased a new position in Sensient Technologies in the third quarter worth $3,054,000. Institutional investors own 90.86% of the company’s stock.

Sensient Technologies Stock Performance

Shares of SXT stock opened at $68.97 on Tuesday. Sensient Technologies Co. has a 12-month low of $52.90 and a 12-month high of $78.70. The business’s fifty day simple moving average is $67.59 and its 200-day simple moving average is $63.03. The company has a current ratio of 3.96, a quick ratio of 1.43 and a debt-to-equity ratio of 0.61. The company has a market cap of $2.92 billion, a PE ratio of 31.07 and a beta of 0.79.

Sensient Technologies (NYSE:SXT) last announced its earnings results on Friday, February 9th. The specialty chemicals company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.04). The business had revenue of $349.30 million for the quarter, compared to analyst estimates of $371.10 million. Sensient Technologies had a net margin of 6.41% and a return on equity of 11.52%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company earned $0.64 earnings per share. Analysts expect that Sensient Technologies Co. will post 2.95 earnings per share for the current fiscal year.

Sensient Technologies Profile

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.