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

Penserra Capital Management LLC cut its position in Sensient Technologies Corporation (NYSE:SXT - Free Report) by 78.1% during the first quarter, according to its most recent 13F filing with the Securities and 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 reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC raised its stake in Sensient Technologies by 132.6% during the 1st quarter. GAMMA Investing LLC now owns 435 shares of the specialty chemicals company's stock valued at $32,000 after purchasing an additional 248 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of 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 valued at $40,000 after buying an additional 563 shares during the last quarter. Quarry LP acquired a new position in Sensient Technologies in the fourth quarter worth about $50,000. Covestor Ltd boosted its holdings in Sensient Technologies by 49.4% during the fourth quarter. Covestor Ltd now owns 920 shares of the specialty chemicals company's stock valued at $66,000 after purchasing an additional 304 shares in the last quarter. Finally, State of Wyoming grew its stake 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 valued at $136,000 after purchasing an additional 662 shares during the period. 90.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Sensient Technologies

In other Sensient Technologies news, Director Mario Ferruzzi sold 1,668 shares of Sensient Technologies stock in a transaction on Friday, May 9th. The shares were sold at an average price of $95.45, for a total value of $159,210.60. Following the sale, the director directly owned 7,946 shares in the company, valued at approximately $758,445.70. The trade was a 17.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on SXT. Robert W. Baird upped their price target on Sensient Technologies from $93.00 to $125.00 and gave the company an "outperform" rating in a research report on Thursday, July 3rd. Wall Street Zen lowered Sensient Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, March 22nd. Finally, CJS Securities began coverage on shares of Sensient Technologies in a report on Tuesday, June 10th. They set a "market perform" rating and a $95.00 price objective for the company.

Sensient Technologies Stock Up 1.0%

Shares of Sensient Technologies stock traded up $1.13 on Wednesday, hitting $109.41. The company had a trading volume of 360,427 shares, compared to its average volume of 252,025. The stock has a 50-day moving average of $98.08 and a 200-day moving average of $82.89. The company has a debt-to-equity ratio of 0.62, a current ratio of 4.34 and a quick ratio of 1.74. Sensient Technologies Corporation has a twelve month low of $66.15 and a twelve month high of $110.70. The firm has a market capitalization of $4.65 billion, a P/E ratio of 36.23 and a beta of 0.56.

Sensient Technologies (NYSE:SXT - Get Free Report) last released its earnings results on Friday, April 25th. The specialty chemicals company reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.04. The firm had revenue of $392.33 million during the quarter, compared to analysts' expectations of $387.70 million. Sensient Technologies had a return on equity of 12.14% and a net margin of 8.19%. The company's revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.73 EPS. Research analysts predict that Sensient Technologies Corporation will post 3.1 earnings per share for the current year.

Sensient Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date was Monday, May 12th. Sensient Technologies's dividend payout ratio (DPR) is currently 54.30%.

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.