Penserra Capital Management LLC Sells 3,933 Shares of Sensient Technologies Corporation (NYSE:SXT)

Penserra Capital Management LLC lowered its stake in shares of Sensient Technologies Corporation (NYSE:SXT) by 78.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,104 shares of the specialty chemicals company’s stock after selling 3,933 shares during the quarter. Penserra Capital Management LLC’s holdings in Sensient Technologies were worth $82,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SXT. GAMMA Investing LLC increased its position in Sensient Technologies by 132.6% during the first quarter. GAMMA Investing LLC now owns 435 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 248 shares during the period. Jones Financial Companies Lllp increased its position in Sensient Technologies by 18,766.7% during the fourth quarter. Jones Financial Companies Lllp now owns 566 shares of the specialty chemicals company’s stock worth $40,000 after acquiring an additional 563 shares during the period. Quarry LP bought a new position in Sensient Technologies during the fourth quarter worth $50,000. Covestor Ltd boosted its stake in Sensient Technologies by 49.4% during the fourth quarter. Covestor Ltd now owns 920 shares of the specialty chemicals company’s stock worth $66,000 after buying an additional 304 shares in the last quarter. Finally, State of Wyoming increased its holdings in Sensient Technologies by 52.9% in the 4th quarter. State of Wyoming now owns 1,913 shares of the specialty chemicals company’s stock valued at $136,000 after buying an additional 662 shares during the period. Institutional investors own 90.86% of the company’s stock.

Insider Buying and Selling

In other Sensient Technologies news, Director Mario Ferruzzi sold 1,668 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $95.45, for a total transaction of $159,210.60. Following the sale, the director owned 7,946 shares of the company’s stock, valued at $758,445.70. This represents a 17.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Sensient Technologies Stock Down 0.7%

SXT opened at $108.50 on Friday. The firm’s 50-day simple moving average is $97.50 and its 200-day simple moving average is $82.39. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 4.34. Sensient Technologies Corporation has a twelve month low of $66.15 and a twelve month high of $110.70. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of 35.93 and a beta of 0.56.

Sensient Technologies (NYSE:SXT) last posted its earnings results on Friday, April 25th. The specialty chemicals company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.04. Sensient Technologies had a net margin of 8.19% and a return on equity of 12.14%. The business had revenue of $392.33 million for the quarter, compared to analyst estimates of $387.70 million. During the same quarter in the prior year, the firm earned $0.73 EPS. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. Equities research analysts anticipate that Sensient Technologies Corporation will post 3.1 EPS for the current fiscal year.

Sensient Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend was Monday, May 12th. Sensient Technologies’s dividend payout ratio is currently 54.30%.

Analyst Ratings Changes

SXT has been the topic of several analyst reports. Wall Street Zen lowered shares of Sensient Technologies from a “buy” rating to a “hold” rating in a report on Saturday, March 22nd. CJS Securities initiated coverage on shares of Sensient Technologies in a report on Tuesday, June 10th. They issued a “market perform” rating and a $95.00 price target on the stock. Finally, Robert W. Baird boosted their price target on shares of Sensient Technologies from $93.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, July 3rd.

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.