Sensient Technologies Co. (SXT) Sees Large Increase in Short Interest

Sensient Technologies Co. (NYSE:SXT) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 1,044,401 shares, a growth of 54.1% from the January 12th total of 677,792 shares. Based on an average daily trading volume, of 391,755 shares, the short-interest ratio is presently 2.7 days. Approximately 2.4% of the company’s shares are short sold.

Sensient Technologies (SXT) opened at $71.70 on Thursday. The company has a current ratio of 3.39, a quick ratio of 1.25 and a debt-to-equity ratio of 0.71. The firm has a market cap of $3,022.44, a price-to-earnings ratio of 35.32, a P/E/G ratio of 2.13 and a beta of 0.98. Sensient Technologies has a 1-year low of $65.60 and a 1-year high of $84.98.

Sensient Technologies (NYSE:SXT) last posted its earnings results on Thursday, February 8th. The specialty chemicals company reported $0.84 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.84. The business had revenue of $328.87 million for the quarter. Sensient Technologies had a net margin of 6.58% and a return on equity of 17.37%. research analysts forecast that Sensient Technologies will post 3.8 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Tuesday, February 6th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, February 5th. This represents a $1.32 annualized dividend and a dividend yield of 1.84%. Sensient Technologies’s payout ratio is 65.02%.

Sensient Technologies declared that its board has authorized a stock buyback plan on Thursday, October 19th that allows the company to buyback 3,000,000 outstanding shares. This buyback authorization allows the specialty chemicals company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Large investors have recently bought and sold shares of the stock. Tyers Asset Management LLC acquired a new position in shares of Sensient Technologies during the 4th quarter valued at $129,000. Flinton Capital Management LLC acquired a new position in shares of Sensient Technologies during the 4th quarter valued at $164,000. Advisor Group Inc. lifted its holdings in shares of Sensient Technologies by 89.6% during the 4th quarter. Advisor Group Inc. now owns 2,326 shares of the specialty chemicals company’s stock valued at $169,000 after acquiring an additional 1,099 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Sensient Technologies by 44.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,556 shares of the specialty chemicals company’s stock valued at $187,000 after acquiring an additional 782 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in shares of Sensient Technologies during the 4th quarter valued at $208,000. Institutional investors and hedge funds own 88.12% of the company’s stock.

Several brokerages have recently issued reports on SXT. TheStreet cut shares of Sensient Technologies from a “b” rating to a “c+” rating in a research note on Thursday, February 8th. Gabelli raised shares of Sensient Technologies from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research note on Monday. KeyCorp reissued a “buy” rating and set a $90.00 price objective on shares of Sensient Technologies in a research note on Friday, November 3rd. Finally, Off Wall Street began coverage on shares of Sensient Technologies in a research note on Monday, December 18th. They set a “sell” rating for the company. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Sensient Technologies currently has a consensus rating of “Hold” and a consensus target price of $90.77.

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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.

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