Sensient Technologies Corporation $SXT Shares Sold by Trexquant Investment LP

Key Points

• Trexquant Investment LP has decreased its stake in Sensient Technologies Corporation by 20.7%, now holding approximately 0.07% of the company valued at $2.25 million after selling 7,890 shares in Q1.
• The company reported EPS of $0.94 for the most recent quarter, surpassing the consensus estimate of $0.88, with revenues reaching $414.23 million.
• Sensient Technologies has declared a quarterly dividend of $0.41 per share, which represents a 1.5% yield based on an annualized amount of $1.64.

Trexquant Investment LP reduced its position in Sensient Technologies Corporation (NYSE:SXT - Free Report) by 20.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 30,303 shares of the specialty chemicals company's stock after selling 7,890 shares during the period. Trexquant Investment LP owned about 0.07% of Sensient Technologies worth $2,255,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew 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 worth $32,000 after acquiring an additional 248 shares during the period. Russell Investments Group Ltd. grew its stake in Sensient Technologies by 52.5% in the 1st quarter. Russell Investments Group Ltd. now owns 1,257 shares of the specialty chemicals company's stock worth $94,000 after acquiring an additional 433 shares during the period. State of Wyoming grew its stake in 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 period. CWM LLC grew its stake in Sensient Technologies by 8.6% in the 1st quarter. CWM LLC now owns 1,894 shares of the specialty chemicals company's stock worth $141,000 after acquiring an additional 150 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Sensient Technologies in the 4th quarter valued at $155,000. 90.86% of the stock is owned by hedge funds and other institutional investors.

Sensient Technologies Stock Down 4.5%

Shares of NYSE:SXT traded down $5.04 during midday trading on Wednesday, hitting $106.28. 1,548,691 shares of the company's stock traded hands, compared to its average volume of 484,624. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.78 and a current ratio of 4.25. The company has a market cap of $4.51 billion, a PE ratio of 33.53 and a beta of 0.57. The firm's fifty day moving average price is $112.20 and its two-hundred day moving average price is $94.13. Sensient Technologies Corporation has a twelve month low of $66.14 and a twelve month high of $121.54.

Sensient Technologies (NYSE:SXT - Get Free Report) last posted its earnings results on Friday, July 25th. The specialty chemicals company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.06. The business had revenue of $414.23 million for the quarter, compared to analyst estimates of $417.60 million. Sensient Technologies had a net margin of 8.56% and a return on equity of 12.56%. The business's quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.77 EPS. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. On average, equities research analysts anticipate that Sensient Technologies Corporation will post 3.1 EPS for the current fiscal year.

Sensient Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 4th were issued a $0.41 dividend. The ex-dividend date was Monday, August 4th. This represents a $1.64 dividend on an annualized basis and a yield of 1.5%. Sensient Technologies's payout ratio is currently 51.74%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SXT shares. Robert W. Baird lifted their price target 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. 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 price target on the stock. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Sensient Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $110.00.

Sensient Technologies Company 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.