3,834 Shares in Sensient Technologies Corporation (NYSE:SXT) Acquired by Aigen Investment Management LP

Key Points

• Aigen Investment Management LP has acquired 3,834 shares of Sensient Technologies Corporation, valued at approximately $285,000, marking a new stake in the company.
• Several hedge funds, including GAMMA Investing LLC and Principal Financial Group Inc., have increased their stakes in Sensient Technologies recently, indicating growing institutional interest in the stock.
• Analyst ratings for Sensient Technologies have improved, with Robert W. Baird raising their price target from $93.00 to $125.00 and giving the stock an "outperform" rating.

Aigen Investment Management LP acquired a new position in shares of Sensient Technologies Corporation (NYSE:SXT - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,834 shares of the specialty chemicals company's stock, valued at approximately $285,000.

Several other hedge funds and other institutional investors have also recently 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 purchasing an additional 248 shares during the last quarter. Quarry LP acquired a new position in shares of Sensient Technologies in the 4th quarter worth approximately $50,000. State of Wyoming lifted its holdings in shares of Sensient Technologies by 52.9% in the 4th quarter. State of Wyoming now owns 1,913 shares of the specialty chemicals company's stock worth $136,000 after acquiring an additional 662 shares during the last quarter. CWM LLC increased its holdings in Sensient Technologies by 8.6% in the 1st quarter. CWM LLC now owns 1,894 shares of the specialty chemicals company's stock valued at $141,000 after purchasing an additional 150 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in Sensient Technologies in the 4th quarter valued at approximately $155,000. 90.86% of the stock is currently owned by institutional investors and hedge funds.

Sensient Technologies Stock Up 2.3%

Shares of NYSE SXT traded up $2.62 during midday trading on Friday, hitting $118.17. The company's stock had a trading volume of 779,818 shares, compared to its average volume of 452,378. The business's fifty day simple moving average is $106.58 and its two-hundred day simple moving average is $89.39. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.25 and a quick ratio of 1.78. Sensient Technologies Corporation has a 1 year low of $66.14 and a 1 year high of $121.54. The firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of 37.28 and a beta of 0.58.

Sensient Technologies (NYSE:SXT - Get Free Report) last posted its quarterly earnings data on Friday, July 25th. The specialty chemicals company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.88 by $0.06. Sensient Technologies had a net margin of 8.56% and a return on equity of 12.56%. The business had revenue of $414.23 million during the quarter, compared to analyst estimates of $417.60 million. During the same quarter last year, the firm posted $0.77 earnings per share. The business's revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities analysts predict that Sensient Technologies Corporation will post 3.1 EPS for the current year.

Sensient Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 4th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Monday, August 4th. This represents a $1.64 annualized dividend and a dividend yield of 1.4%. Sensient Technologies's dividend payout ratio (DPR) is presently 51.74%.

Analysts Set New Price Targets

Several analysts recently weighed in on SXT shares. CJS Securities started coverage on shares of Sensient Technologies in a report on Tuesday, June 10th. They issued a "market perform" rating and a $95.00 target price for the company. Robert W. Baird lifted their target price 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 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.