Wafra Investment Advisory Group Inc. NY Sells 16,387 Shares of Sensient Technologies Corporation (SXT)

Wafra Investment Advisory Group Inc. NY trimmed its position in shares of Sensient Technologies Corporation (NYSE:SXT) by 5.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 273,517 shares of the specialty chemicals company’s stock after selling 16,387 shares during the period. Sensient Technologies Corporation accounts for approximately 1.1% of Wafra Investment Advisory Group Inc. NY’s investment portfolio, making the stock its 8th biggest position. Wafra Investment Advisory Group Inc. NY owned approximately 0.62% of Sensient Technologies Corporation worth $22,026,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SXT. Tower Research Capital LLC TRC increased its holdings in shares of Sensient Technologies Corporation by 5,636.7% in the first quarter. Tower Research Capital LLC TRC now owns 1,721 shares of the specialty chemicals company’s stock valued at $136,000 after purchasing an additional 1,691 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Sensient Technologies Corporation by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,774 shares of the specialty chemicals company’s stock valued at $143,000 after purchasing an additional 139 shares during the last quarter. Acrospire Investment Management LLC increased its holdings in shares of Sensient Technologies Corporation by 118.2% in the second quarter. Acrospire Investment Management LLC now owns 2,584 shares of the specialty chemicals company’s stock valued at $208,000 after purchasing an additional 1,400 shares during the last quarter. World Asset Management Inc increased its holdings in shares of Sensient Technologies Corporation by 1.1% in the second quarter. World Asset Management Inc now owns 2,769 shares of the specialty chemicals company’s stock valued at $223,000 after purchasing an additional 30 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new position in shares of Sensient Technologies Corporation in the first quarter valued at $235,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

Shares of Sensient Technologies Corporation (NYSE SXT) traded up 0.34% during midday trading on Tuesday, hitting $78.61. 21,842 shares of the stock were exchanged. Sensient Technologies Corporation has a 1-year low of $68.51 and a 1-year high of $84.98. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 31.66 and a beta of 1.09. The stock’s 50-day moving average price is $74.72 and its 200-day moving average price is $78.30.

Sensient Technologies Corporation (NYSE:SXT) last announced its quarterly earnings data on Thursday, July 20th. The specialty chemicals company reported $0.87 earnings per share for the quarter, hitting the consensus estimate of $0.87. Sensient Technologies Corporation had a return on equity of 17.15% and a net margin of 8.16%. The company had revenue of $338.48 million during the quarter. On average, analysts forecast that Sensient Technologies Corporation will post $3.42 EPS for the current year.

Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Sensient Technologies Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. BidaskClub downgraded shares of Sensient Technologies Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. Berenberg Bank assumed coverage on shares of Sensient Technologies Corporation in a report on Friday, September 22nd. They issued a “buy” rating and a $88.30 price objective on the stock. Finally, KeyCorp reiterated a “buy” rating and issued a $90.00 price objective on shares of Sensient Technologies Corporation in a report on Thursday, August 24th.

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In other news, Director Joseph Carleone acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The stock was bought at an average price of $75.32 per share, with a total value of $75,320.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.95% of the company’s stock.

About Sensient Technologies Corporation

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.

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

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