SG Americas Securities LLC Has $673,000 Position in Sensient Technologies Corporation (SXT)
SG Americas Securities LLC lowered its stake in shares of Sensient Technologies Corporation (NYSE:SXT) by 37.2% during the third quarter, Holdings Channel reports. The institutional investor owned 8,884 shares of the company’s stock after selling 5,258 shares during the period. SG Americas Securities LLC’s holdings in Sensient Technologies Corporation were worth $673,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Sit Investment Associates Inc. increased its position in shares of Sensient Technologies Corporation by 8.5% in the third quarter. Sit Investment Associates Inc. now owns 1,600 shares of the company’s stock valued at $121,000 after buying an additional 125 shares in the last quarter. Sei Investments Co. boosted its stake in Sensient Technologies Corporation by 634.8% in the third quarter. Sei Investments Co. now owns 2,388 shares of the company’s stock valued at $181,000 after buying an additional 2,063 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Sensient Technologies Corporation by 4,006.2% in the second quarter. Tower Research Capital LLC TRC now owns 2,669 shares of the company’s stock valued at $190,000 after buying an additional 2,604 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in Sensient Technologies Corporation by 5.7% in the second quarter. Public Employees Retirement System of Ohio now owns 2,923 shares of the company’s stock valued at $208,000 after buying an additional 158 shares during the last quarter. Finally, World Asset Management Inc bought a new stake in Sensient Technologies Corporation during the third quarter valued at $220,000. 89.48% of the stock is owned by hedge funds and other institutional investors.
Shares of Sensient Technologies Corporation (NYSE:SXT) traded up 1.05% during midday trading on Friday, hitting $78.13. 105,132 shares of the stock traded hands. The firm’s 50-day moving average is $78.83 and its 200 day moving average is $74.90. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 30.81 and a beta of 0.93. Sensient Technologies Corporation has a 52 week low of $52.69 and a 52 week high of $83.38.
Sensient Technologies Corporation (NYSE:SXT) last released its quarterly earnings results on Thursday, October 20th. The company reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.01. Sensient Technologies Corporation had a net margin of 8.20% and a return on equity of 16.28%. During the same period in the prior year, the firm earned $0.77 EPS. Equities analysts forecast that Sensient Technologies Corporation will post $3.21 earnings per share for the current year.
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Separately, Zacks Investment Research upgraded shares of Sensient Technologies Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, December 21st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $73.75.
In related news, Director Fergus M. Clydesdale sold 2,000 shares of the company’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $74.49, for a total transaction of $148,980.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.87% of the company’s stock.
Sensient Technologies Corporation Company Profile
Sensient Technologies Corporation is a manufacturer and marketer of colors, flavors and fragrances. The Company uses technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, specialty inks and colors, and other specialty and fine chemicals.
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