NJ State Employees Deferred Compensation Plan Sells 1,000 Shares of Sensient Technologies Co. (SXT)

NJ State Employees Deferred Compensation Plan cut its position in Sensient Technologies Co. (NYSE:SXT) by 11.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,000 shares of the specialty chemicals company’s stock after selling 1,000 shares during the quarter. NJ State Employees Deferred Compensation Plan’s holdings in Sensient Technologies were worth $612,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. United Services Automobile Association increased its stake in Sensient Technologies by 17.0% during the 2nd quarter. United Services Automobile Association now owns 212,218 shares of the specialty chemicals company’s stock valued at $15,184,000 after buying an additional 30,810 shares during the period. Horan Capital Advisors LLC. acquired a new position in Sensient Technologies during the 2nd quarter valued at about $111,000. Schroder Investment Management Group acquired a new position in Sensient Technologies during the 2nd quarter valued at about $50,057,000. Public Employees Retirement System of Ohio increased its stake in Sensient Technologies by 17.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 26,667 shares of the specialty chemicals company’s stock valued at $1,908,000 after buying an additional 3,971 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in Sensient Technologies by 1,383.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 45,750 shares of the specialty chemicals company’s stock valued at $204,000 after buying an additional 42,666 shares during the period. Hedge funds and other institutional investors own 97.30% of the company’s stock.

Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Sensient Technologies from a “sell” rating to a “hold” rating in a research note on Friday, September 21st. TheStreet raised shares of Sensient Technologies from a “c+” rating to a “b” rating in a research note on Tuesday, September 18th. Finally, ValuEngine raised shares of Sensient Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, August 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $87.33.

Shares of SXT opened at $77.44 on Wednesday. The company has a market capitalization of $3.23 billion, a PE ratio of 22.47 and a beta of 0.75. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.83 and a current ratio of 4.16. Sensient Technologies Co. has a 12-month low of $65.56 and a 12-month high of $80.98.

Sensient Technologies (NYSE:SXT) last announced its quarterly earnings data on Friday, July 20th. The specialty chemicals company reported $0.92 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.92. The company had revenue of $363.00 million for the quarter. Sensient Technologies had a net margin of 8.77% and a return on equity of 18.11%. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.69 EPS. As a group, research analysts forecast that Sensient Technologies Co. will post 3.65 EPS for the current fiscal year.

Sensient Technologies Company Profile

Sensient Technologies Corporation develops, manufactures, and supplies colors, flavors, and fragrances in the United States and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, natural extracts, and aroma chemicals; fragrance products; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, personal care, and household-products industries.

Further Reading: Earnings Per Share

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

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