StockNews.com Downgrades Sensient Technologies (NYSE:SXT) to Hold

Sensient Technologies (NYSE:SXT) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Sensient Technologies Price Performance

SXT stock opened at $72.75 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 has a 1 year low of $66.15 and a 1 year high of $82.99. The firm has a market cap of $3.08 billion, a P/E ratio of 24.74 and a beta of 0.71. The stock has a 50-day simple moving average of $73.10 and a 200-day simple moving average of $75.17.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings results on Friday, February 14th. The specialty chemicals company reported $0.65 EPS for the quarter, beating 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 firm had revenue of $376.40 million during the quarter, compared to the consensus estimate of $375.10 million. During the same quarter in the prior year, the business posted $0.51 earnings per share. Sensient Technologies’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, equities analysts predict that Sensient Technologies will post 3.1 earnings per share for the current fiscal year.

Institutional Trading of Sensient Technologies

Large investors have recently added to or reduced their stakes in the business. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Sensient Technologies during the 4th quarter valued at $25,000. Jones Financial Companies Lllp boosted its stake in shares of Sensient Technologies by 18,766.7% during the 4th quarter. Jones Financial Companies Lllp now owns 566 shares of the specialty chemicals company’s stock worth $40,000 after acquiring an additional 563 shares in the last quarter. Quarry LP acquired a new stake in shares of Sensient Technologies in the fourth quarter worth $50,000. R Squared Ltd acquired a new stake in shares of Sensient Technologies in the fourth quarter worth $65,000. Finally, Covestor Ltd boosted its position in shares of Sensient Technologies by 49.4% in the fourth quarter. Covestor Ltd now owns 920 shares of the specialty chemicals company’s stock worth $66,000 after buying an additional 304 shares during the period. 90.86% of the stock is currently owned by institutional investors and hedge funds.

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.