Crossmark Global Holdings Inc. Lowers Position in Sensient Technologies Co. (NYSE:SXT)

Crossmark Global Holdings Inc. lessened its stake in Sensient Technologies Co. (NYSE:SXTGet Rating) by 2.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,573 shares of the specialty chemicals company’s stock after selling 165 shares during the period. Crossmark Global Holdings Inc.’s holdings in Sensient Technologies were worth $525,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of SXT. LS Investment Advisors LLC purchased a new stake in Sensient Technologies in the 2nd quarter worth approximately $25,000. Covestor Ltd lifted its position in shares of Sensient Technologies by 88.1% during the 1st quarter. Covestor Ltd now owns 489 shares of the specialty chemicals company’s stock valued at $41,000 after buying an additional 229 shares in the last quarter. CWM LLC lifted its position in shares of Sensient Technologies by 16.4% during the 2nd quarter. CWM LLC now owns 936 shares of the specialty chemicals company’s stock valued at $75,000 after buying an additional 132 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Sensient Technologies by 5.1% during the 1st quarter. Mackenzie Financial Corp now owns 2,573 shares of the specialty chemicals company’s stock valued at $216,000 after buying an additional 124 shares in the last quarter. Finally, Penserra Capital Management LLC purchased a new position in shares of Sensient Technologies during the 1st quarter valued at approximately $219,000. Hedge funds and other institutional investors own 87.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Robert W. Baird decreased their target price on Sensient Technologies from $90.00 to $70.00 and set a “neutral” rating on the stock in a research report on Monday, October 24th. Sidoti upgraded Sensient Technologies from a “neutral” rating to a “buy” rating and set a $92.00 target price on the stock in a research report on Monday, October 10th. Finally, StockNews.com lowered Sensient Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, October 30th.

Sensient Technologies Trading Down 1.7 %

Shares of SXT stock opened at $74.00 on Monday. The stock’s fifty day moving average is $73.85 and its two-hundred day moving average is $75.97. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.49 and a current ratio of 3.45. The firm has a market capitalization of $3.11 billion, a P/E ratio of 22.42 and a beta of 0.88. Sensient Technologies Co. has a fifty-two week low of $63.17 and a fifty-two week high of $91.64.

Sensient Technologies (NYSE:SXTGet Rating) last announced its quarterly earnings data on Friday, October 21st. The specialty chemicals company reported $0.85 earnings per share for the quarter. The company had revenue of $361.10 million for the quarter, compared to analyst estimates of $364.28 million. Sensient Technologies had a return on equity of 14.93% and a net margin of 9.73%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 EPS.

Sensient Technologies Profile

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Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, the Asia Pacific, and internationally. It operates through three segments: Flavors & Extracts Group, Color Group, and Asia Pacific Group.

Further Reading

Institutional Ownership by Quarter for Sensient Technologies (NYSE:SXT)

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