Schonfeld Strategic Advisors LLC Takes $539,000 Position in Sensient Technologies Co. (NYSE:SXT)

Schonfeld Strategic Advisors LLC acquired a new position in shares of Sensient Technologies Co. (NYSE:SXT - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 7,570 shares of the specialty chemicals company's stock, valued at approximately $539,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC lifted its position in Sensient Technologies by 309.3% during the 3rd quarter. Barclays PLC now owns 77,260 shares of the specialty chemicals company's stock worth $6,197,000 after buying an additional 58,386 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Sensient Technologies by 22.3% in the third quarter. JPMorgan Chase & Co. now owns 99,938 shares of the specialty chemicals company's stock valued at $8,017,000 after acquiring an additional 18,235 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in Sensient Technologies by 25.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 16,334 shares of the specialty chemicals company's stock valued at $1,164,000 after purchasing an additional 3,298 shares during the last quarter. SG Americas Securities LLC grew its stake in Sensient Technologies by 32.0% in the fourth quarter. SG Americas Securities LLC now owns 2,229 shares of the specialty chemicals company's stock valued at $159,000 after purchasing an additional 541 shares in the last quarter. Finally, Inspire Investing LLC increased its position in shares of Sensient Technologies by 9.1% during the 4th quarter. Inspire Investing LLC now owns 5,617 shares of the specialty chemicals company's stock worth $400,000 after purchasing an additional 470 shares during the last quarter. Institutional investors and hedge funds own 90.86% of the company's stock.

Sensient Technologies Stock Performance

SXT opened at $95.72 on Friday. The company has a quick ratio of 1.34, a current ratio of 3.55 and a debt-to-equity ratio of 0.58. Sensient Technologies Co. has a 12-month low of $66.15 and a 12-month high of $96.48. The business has a 50 day moving average of $78.21 and a 200-day moving average of $75.94. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of 32.56 and a beta of 0.58.

Sensient Technologies (NYSE:SXT - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The specialty chemicals company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.04. Sensient Technologies had a return on equity of 11.93% and a net margin of 8.01%. The business had revenue of $392.33 million during the quarter, compared to the consensus estimate of $387.70 million. During the same quarter last year, the firm posted $0.73 EPS. The company's quarterly revenue was up 2.0% on a year-over-year basis. On average, equities research analysts expect that Sensient Technologies Co. will post 3.1 earnings per share for the current year.

Sensient Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.71%. Sensient Technologies's dividend payout ratio (DPR) is currently 54.30%.

Wall Street Analyst Weigh In

SXT has been the subject of several analyst reports. StockNews.com cut shares of Sensient Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, March 22nd. Robert W. Baird lifted their price objective on shares of Sensient Technologies from $85.00 to $93.00 and gave the company an "outperform" rating in a research report on Monday, April 28th.

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.

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