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

Penserra Capital Management LLC decreased its stake in shares of Sensient Technologies Corporation (NYSE:SXT - Free Report) by 78.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Principal Financial Group Inc. increased its position in shares of Sensient Technologies by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 220,906 shares of the specialty chemicals company's stock worth $16,442,000 after purchasing an additional 5,011 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of Sensient Technologies by 29.1% during the 1st quarter. Teacher Retirement System of Texas now owns 43,534 shares of the specialty chemicals company's stock worth $3,240,000 after purchasing an additional 9,817 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Sensient Technologies by 29.9% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 31,759 shares of the specialty chemicals company's stock worth $2,364,000 after purchasing an additional 7,310 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Sensient Technologies during the 1st quarter worth approximately $224,000. Finally, GAMMA Investing LLC raised its stake in Sensient Technologies by 132.6% in the 1st quarter. GAMMA Investing LLC now owns 435 shares of the specialty chemicals company's stock valued at $32,000 after acquiring an additional 248 shares during the period. Institutional investors and hedge funds own 90.86% of the company's stock.

Sensient Technologies Stock Performance

NYSE SXT traded down $0.75 on Friday, reaching $108.50. The stock had a trading volume of 314,542 shares, compared to its average volume of 250,944. The company has a debt-to-equity ratio of 0.62, a current ratio of 4.34 and a quick ratio of 1.74. The firm has a fifty day moving average of $97.50 and a two-hundred day moving average of $82.39. Sensient Technologies Corporation has a 1-year low of $66.15 and a 1-year high of $110.70. The company has a market cap of $4.61 billion, a P/E ratio of 35.93 and a beta of 0.56.

Sensient Technologies (NYSE:SXT - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The specialty chemicals company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.04. Sensient Technologies had a return on equity of 12.14% and a net margin of 8.19%. The firm had revenue of $392.33 million for the quarter, compared to analyst estimates of $387.70 million. During the same period in the prior year, the firm posted $0.73 EPS. The company's revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities research analysts anticipate that Sensient Technologies Corporation will post 3.1 EPS for the current year.

Sensient Technologies Announces Dividend

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

Insider Activity

In other news, Director Mario Ferruzzi sold 1,668 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $95.45, for a total transaction of $159,210.60. Following the sale, the director directly owned 7,946 shares of the company's stock, valued at approximately $758,445.70. This represents a 17.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. CJS Securities assumed coverage on Sensient Technologies in a research note on Tuesday, June 10th. They issued a "market perform" rating and a $95.00 price target on the stock. Wall Street Zen cut Sensient Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, March 22nd. Finally, Robert W. Baird increased their price target on Sensient Technologies from $93.00 to $125.00 and gave the company an "outperform" rating in a research note on Thursday, July 3rd.

About Sensient Technologies

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.