Marshall Wace LLP Takes Position in Sensient Technologies Co. (NYSE:SXT)

Marshall Wace LLP bought a new position in shares of Sensient Technologies Co. (NYSE:SXT) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 343,676 shares of the specialty chemicals company’s stock, valued at approximately $24,490,000. Marshall Wace LLP owned 0.81% of Sensient Technologies at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Gabelli Funds LLC increased its position in Sensient Technologies by 4.1% during the 4th quarter. Gabelli Funds LLC now owns 151,300 shares of the specialty chemicals company’s stock worth $10,782,000 after buying an additional 6,000 shares during the period. Barclays PLC increased its position in Sensient Technologies by 107.4% during the fourth quarter. Barclays PLC now owns 160,228 shares of the specialty chemicals company’s stock worth $11,417,000 after acquiring an additional 82,968 shares during the period. Summit Investment Advisors Inc. increased its position in Sensient Technologies by 4.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,408 shares of the specialty chemicals company’s stock worth $314,000 after acquiring an additional 203 shares during the period. Covestor Ltd raised its stake in Sensient Technologies by 49.4% in the 4th quarter. Covestor Ltd now owns 920 shares of the specialty chemicals company’s stock worth $66,000 after purchasing an additional 304 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Sensient Technologies during the 4th quarter worth approximately $6,483,000. 90.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Sensient Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, March 22nd.

Sensient Technologies Trading Up 0.6 %

Shares of SXT opened at $74.55 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 3.55. Sensient Technologies Co. has a 52-week low of $66.15 and a 52-week high of $82.99. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 25.36 and a beta of 0.63. The business’s fifty day moving average is $72.55 and its 200-day moving average is $74.69.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings data on Friday, February 14th. The specialty chemicals company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.64 by $0.01. The business had revenue of $376.40 million during the quarter, compared to the consensus estimate of $375.10 million. Sensient Technologies had a net margin of 8.01% and a return on equity of 11.93%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.51 EPS. Equities analysts anticipate that Sensient Technologies Co. will post 3.1 EPS for the current fiscal year.

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.