Sei Investments Co. grew its position in Sensient Technologies Co. (NYSE:SXT) by 6.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,596 shares of the specialty chemicals company’s stock after purchasing an additional 1,002 shares during the period. Sei Investments Co.’s holdings in Sensient Technologies were worth $877,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position in Sensient Technologies by 361.2% during the second quarter. Bank of America Corp DE now owns 1,398,235 shares of the specialty chemicals company’s stock worth $72,933,000 after buying an additional 1,095,064 shares during the last quarter. Balyasny Asset Management LLC grew its position in shares of Sensient Technologies by 2,430.1% in the second quarter. Balyasny Asset Management LLC now owns 465,227 shares of the specialty chemicals company’s stock valued at $24,266,000 after purchasing an additional 446,839 shares during the last quarter. Nuveen Asset Management LLC grew its position in shares of Sensient Technologies by 218.8% in the second quarter. Nuveen Asset Management LLC now owns 533,650 shares of the specialty chemicals company’s stock valued at $27,835,000 after purchasing an additional 366,245 shares during the last quarter. Wasatch Advisors Inc. acquired a new position in shares of Sensient Technologies in the third quarter valued at approximately $17,577,000. Finally, Marshall Wace LLP acquired a new position in shares of Sensient Technologies in the second quarter valued at approximately $13,035,000. Institutional investors and hedge funds own 88.94% of the company’s stock.
Shares of SXT stock opened at $73.77 on Friday. The company has a current ratio of 3.55, a quick ratio of 1.66 and a debt-to-equity ratio of 0.60. The stock has a market cap of $3.12 billion, a P/E ratio of 46.40 and a beta of 1.02. The stock has a 50 day simple moving average of $72.98 and a 200 day simple moving average of $61.51. Sensient Technologies Co. has a 1 year low of $38.24 and a 1 year high of $75.30.
Separately, TheStreet raised Sensient Technologies from a “c” rating to a “b-” rating in a research report on Monday, September 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $65.50.
Sensient Technologies Company Profile
Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and fragrances in North America, Europe, the Asia Pacific, and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group.
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