Cerity Partners LLC Cuts Stock Position in Sensient Technologies Co. (NYSE:SXT)

Cerity Partners LLC decreased its holdings in shares of Sensient Technologies Co. (NYSE:SXT) by 30.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,417 shares of the specialty chemicals company’s stock after selling 2,424 shares during the quarter. Cerity Partners LLC’s holdings in Sensient Technologies were worth $386,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of SXT. JPMorgan Chase & Co. raised its position in shares of Sensient Technologies by 22.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 99,938 shares of the specialty chemicals company’s stock valued at $8,017,000 after buying an additional 18,235 shares in the last quarter. Wells Fargo & Company MN raised its position in Sensient Technologies by 13.6% during the fourth quarter. Wells Fargo & Company MN now owns 55,482 shares of the specialty chemicals company’s stock valued at $3,954,000 after purchasing an additional 6,624 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Sensient Technologies by 3.3% in the 4th quarter. Principal Financial Group Inc. now owns 215,895 shares of the specialty chemicals company’s stock valued at $15,385,000 after purchasing an additional 6,984 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Sensient Technologies by 34.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 24,449 shares of the specialty chemicals company’s stock worth $1,742,000 after purchasing an additional 6,247 shares during the period. Finally, Barclays PLC increased its position in shares of Sensient Technologies by 309.3% during the 3rd quarter. Barclays PLC now owns 77,260 shares of the specialty chemicals company’s stock valued at $6,197,000 after purchasing an additional 58,386 shares during the last quarter. Institutional investors own 90.86% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded Sensient Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, March 22nd.

Sensient Technologies Price Performance

SXT stock opened at $78.40 on Wednesday. The company has a current ratio of 3.55, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. Sensient Technologies Co. has a 12 month low of $66.15 and a 12 month high of $82.99. The stock has a market cap of $3.32 billion, a PE ratio of 26.67 and a beta of 0.63. The company has a 50-day moving average price of $72.57 and a 200 day moving average price of $74.68.

Sensient Technologies (NYSE:SXT) last released its earnings results on Friday, February 14th. The specialty chemicals company reported $0.65 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 firm had revenue of $376.40 million for the quarter, compared to analysts’ expectations of $375.10 million. During the same quarter in the prior year, the firm posted $0.51 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. Equities research analysts anticipate that Sensient Technologies Co. will post 3.1 earnings per share for the current year.

Sensient Technologies Company 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.