Summit Investment Advisors Inc. Acquires 203 Shares of Sensient Technologies Co. (NYSE:SXT)

Summit Investment Advisors Inc. raised its holdings in shares of Sensient Technologies Co. (NYSE:SXT) by 4.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,408 shares of the specialty chemicals company’s stock after acquiring an additional 203 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Sensient Technologies were worth $314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Sensient Technologies in the fourth quarter valued at $25,000. Jones Financial Companies Lllp boosted its stake in Sensient Technologies by 18,766.7% in the 4th quarter. Jones Financial Companies Lllp now owns 566 shares of the specialty chemicals company’s stock worth $40,000 after purchasing an additional 563 shares during the period. R Squared Ltd purchased a new position in Sensient Technologies during the 4th quarter valued at about $65,000. Covestor Ltd increased its position in shares of Sensient Technologies by 49.4% during the fourth quarter. Covestor Ltd now owns 920 shares of the specialty chemicals company’s stock valued at $66,000 after buying an additional 304 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Sensient Technologies by 152.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,123 shares of the specialty chemicals company’s stock worth $80,000 after buying an additional 678 shares in the last quarter. Hedge funds and other institutional investors own 90.86% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of 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 stock opened at $74.55 on Monday. The company has a market capitalization of $3.16 billion, a PE ratio of 25.36 and a beta of 0.63. Sensient Technologies Co. has a 52-week low of $66.15 and a 52-week high of $82.99. The business’s fifty day moving average is $72.55 and its 200 day moving average is $74.67. 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 (NYSE:SXT) last announced its earnings results on Friday, February 14th. The specialty chemicals company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. Sensient Technologies had a return on equity of 11.93% and a net margin of 8.01%. The business had revenue of $376.40 million for the quarter, compared to analyst estimates of $375.10 million. During the same period in the prior year, the company earned $0.51 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts anticipate that Sensient Technologies Co. will post 3.1 EPS for the current fiscal year.

Sensient Technologies 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.