Sensient Technologies (NYSE:SXT) Stock Rating Upgraded by Sidoti – MarketBeat
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Sensient Technologies (NYSE:SXT – Get Rating) was upgraded by equities researchers at Sidoti from a “neutral” rating to a “buy” rating in a report issued on Monday, The Fly reports.
Separately, StockNews.com upgraded Sensient Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 5th.
Sensient Technologies Stock Performance
Shares of Sensient Technologies stock opened at $68.97 on Monday. The company has a current ratio of 3.11, a quick ratio of 1.40 and a debt-to-equity ratio of 0.52. The business has a 50-day moving average price of $79.21 and a two-hundred day moving average price of $81.40. Sensient Technologies has a 1-year low of $68.68 and a 1-year high of $106.32. The company has a market cap of $2.90 billion, a P/E ratio of 21.22 and a beta of 0.90.
Sensient Technologies (NYSE:SXT – Get Rating) last issued its quarterly earnings results on Friday, July 22nd. The specialty chemicals company reported $0.92 earnings per share for the quarter. Sensient Technologies had a return on equity of 14.96% and a net margin of 9.69%. The firm had revenue of $371.70 million during the quarter, compared to the consensus estimate of $358.70 million. During the same period last year, the business posted $0.79 EPS. The business’s revenue was up 10.7% compared to the same quarter last year.
Institutional Trading of Sensient Technologies
Large investors have recently made changes to their positions in the company. Legal & General Group Plc boosted its stake in Sensient Technologies by 2.2% during the 2nd quarter. Legal & General Group Plc now owns 105,271 shares of the specialty chemicals company’s stock valued at $8,481,000 after purchasing an additional 2,221 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Sensient Technologies by 76.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 128,481 shares of the specialty chemicals company’s stock valued at $10,350,000 after purchasing an additional 55,630 shares during the last quarter. First Republic Investment Management Inc. boosted its stake in Sensient Technologies by 10.2% during the 2nd quarter. First Republic Investment Management Inc. now owns 7,358 shares of the specialty chemicals company’s stock valued at $593,000 after purchasing an additional 680 shares during the last quarter. Cubist Systematic Strategies LLC boosted its stake in Sensient Technologies by 126.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 32,243 shares of the specialty chemicals company’s stock valued at $2,597,000 after purchasing an additional 17,997 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in Sensient Technologies by 147.8% during the 2nd quarter. Millennium Management LLC now owns 368,534 shares of the specialty chemicals company’s stock valued at $29,689,000 after purchasing an additional 219,834 shares during the last quarter. 88.92% of the stock is currently owned by institutional investors and hedge funds.
About Sensient Technologies
(Get Rating)
Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, the Asia Pacific, and internationally. It operates through three segments: Flavors & Extracts Group, Color Group, and Asia Pacific Group.
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