Virginia Retirement Systems ET AL Takes Position in Sensient Technologies Corporation (SXT)

Virginia Retirement Systems ET AL purchased a new position in shares of Sensient Technologies Corporation (NYSE:SXT) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 16,700 shares of the specialty chemicals company’s stock, valued at approximately $1,285,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SXT. Aperio Group LLC boosted its position in Sensient Technologies by 6.9% in the second quarter. Aperio Group LLC now owns 9,557 shares of the specialty chemicals company’s stock valued at $770,000 after buying an additional 614 shares in the last quarter. US Bancorp DE boosted its position in Sensient Technologies by 3.9% in the second quarter. US Bancorp DE now owns 8,470 shares of the specialty chemicals company’s stock valued at $682,000 after buying an additional 318 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in Sensient Technologies by 3.3% in the second quarter. Great West Life Assurance Co. Can now owns 26,718 shares of the specialty chemicals company’s stock valued at $2,151,000 after buying an additional 864 shares in the last quarter. Bessemer Group Inc. boosted its position in Sensient Technologies by 0.5% in the second quarter. Bessemer Group Inc. now owns 30,566 shares of the specialty chemicals company’s stock valued at $2,461,000 after buying an additional 166 shares in the last quarter. Finally, World Asset Management Inc boosted its position in Sensient Technologies by 1.1% in the second quarter. World Asset Management Inc now owns 2,769 shares of the specialty chemicals company’s stock valued at $223,000 after buying an additional 30 shares in the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

In related news, Director Essie Whitelaw sold 667 shares of Sensient Technologies stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $75.15, for a total transaction of $50,125.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Fergus M. Clydesdale sold 2,000 shares of Sensient Technologies stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $76.00, for a total transaction of $152,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,187 shares of company stock worth $316,125. 0.95% of the stock is owned by company insiders.

A number of brokerages have weighed in on SXT. KeyCorp restated a “buy” rating and issued a $90.00 target price on shares of Sensient Technologies in a research report on Friday, November 3rd. Zacks Investment Research upgraded shares of Sensient Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, Berenberg Bank initiated coverage on shares of Sensient Technologies in a report on Friday, September 22nd. They set a “buy” rating and a $88.30 price target on the stock.

Shares of Sensient Technologies Corporation (NYSE SXT) traded down $0.34 during trading hours on Thursday, hitting $76.16. 132,800 shares of the stock were exchanged, compared to its average volume of 157,360. The firm has a market capitalization of $3,350.00, a price-to-earnings ratio of 22.63, a PEG ratio of 2.61 and a beta of 1.07. The company has a current ratio of 3.59, a quick ratio of 1.42 and a debt-to-equity ratio of 0.69. Sensient Technologies Corporation has a 52 week low of $71.21 and a 52 week high of $84.98.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings results on Thursday, October 19th. The specialty chemicals company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. The company had revenue of $353.52 million for the quarter. Sensient Technologies had a net margin of 7.89% and a return on equity of 17.34%. During the same quarter last year, the firm posted $0.83 EPS. research analysts anticipate that Sensient Technologies Corporation will post 3.41 earnings per share for the current fiscal year.

Sensient Technologies declared that its Board of Directors has authorized a share repurchase program on Thursday, October 19th that permits the company to buyback 3,000,000 shares. This buyback authorization permits the specialty chemicals company to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, November 6th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date was Friday, November 3rd. This is a positive change from Sensient Technologies’s previous quarterly dividend of $0.30. Sensient Technologies’s payout ratio is 54.32%.

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Sensient Technologies Company Profile

Sensient Technologies Corporation is a manufacturer and marketer of colors, flavors and fragrances. The Company uses technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, specialty inks and colors, and other specialty and fine chemicals.

Institutional Ownership by Quarter for Sensient Technologies (NYSE:SXT)

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