State of New Jersey Common Pension Fund D Increases Holdings in Sensient Technologies Co. (NYSE:SXT)

State of New Jersey Common Pension Fund D boosted its position in Sensient Technologies Co. (NYSE:SXTGet Rating) by 6.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,844 shares of the specialty chemicals company’s stock after buying an additional 1,790 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Sensient Technologies were worth $2,000,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Boston Trust Walden Corp increased its stake in shares of Sensient Technologies by 0.9% in the second quarter. Boston Trust Walden Corp now owns 389,562 shares of the specialty chemicals company’s stock worth $31,383,000 after acquiring an additional 3,364 shares during the period. Hudson Bay Capital Management LP lifted its holdings in shares of Sensient Technologies by 644.4% in the 2nd quarter. Hudson Bay Capital Management LP now owns 71,801 shares of the specialty chemicals company’s stock valued at $5,784,000 after buying an additional 62,156 shares during the period. Winder Investment Pte Ltd boosted its stake in shares of Sensient Technologies by 20.8% in the second quarter. Winder Investment Pte Ltd now owns 6,304,914 shares of the specialty chemicals company’s stock worth $507,924,000 after buying an additional 1,085,879 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its position in Sensient Technologies by 7.7% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 73,673 shares of the specialty chemicals company’s stock worth $5,935,000 after purchasing an additional 5,260 shares in the last quarter. Finally, Duality Advisers LP purchased a new position in shares of Sensient Technologies during the 2nd quarter valued at approximately $2,039,000. Institutional investors and hedge funds own 87.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SXT shares. StockNews.com cut shares of Sensient Technologies from a “buy” rating to a “hold” rating in a report on Sunday, October 30th. Sidoti upgraded Sensient Technologies from a “neutral” rating to a “buy” rating and set a $92.00 price target for the company in a research note on Monday, October 10th. Finally, Robert W. Baird lowered their price target on Sensient Technologies from $90.00 to $70.00 and set a “neutral” rating on the stock in a research report on Monday, October 24th.

Sensient Technologies Stock Performance

NYSE:SXT opened at $75.28 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.49 and a current ratio of 3.45. The stock has a market capitalization of $3.16 billion, a PE ratio of 22.81 and a beta of 0.88. Sensient Technologies Co. has a fifty-two week low of $63.17 and a fifty-two week high of $92.41. The company has a fifty day moving average of $73.82 and a two-hundred day moving average of $76.07.

Sensient Technologies (NYSE:SXTGet Rating) last released its earnings results on Friday, October 21st. The specialty chemicals company reported $0.85 EPS for the quarter. The business had revenue of $361.10 million during the quarter, compared to analysts’ expectations of $364.28 million. Sensient Technologies had a net margin of 9.73% and a return on equity of 14.93%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.85 earnings per share.

Sensient Technologies Company Profile

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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.

See Also

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

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