Oakbrook Investments LLC purchased a new stake in Sensient Technologies Co. (NYSE:SXT) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,200 shares of the specialty chemicals company’s stock, valued at approximately $234,000.
Several other institutional investors have also added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new stake in Sensient Technologies in the third quarter worth about $221,000. Public Employees Retirement System of Ohio increased its position in Sensient Technologies by 4.4% in the second quarter. Public Employees Retirement System of Ohio now owns 2,825 shares of the specialty chemicals company’s stock worth $227,000 after purchasing an additional 119 shares during the period. FDx Advisors Inc. acquired a new stake in Sensient Technologies in the third quarter worth about $231,000. Vident Investment Advisory LLC acquired a new stake in Sensient Technologies in the third quarter worth about $247,000. Finally, Janney Capital Management LLC acquired a new stake in Sensient Technologies in the third quarter worth about $268,000. 88.30% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently commented on the company. Zacks Investment Research upgraded Sensient Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. KeyCorp reiterated a “buy” rating and issued a $90.00 price objective on shares of Sensient Technologies in a research report on Friday, November 3rd. Finally, Off Wall Street assumed coverage on Sensient Technologies in a research report on Monday, December 18th. They issued a “sell” rating for the company. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $89.15.
Shares of Sensient Technologies Co. (NYSE SXT) opened at $73.92 on Wednesday. The company has a quick ratio of 1.42, a current ratio of 3.59 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $3,195.91, a PE ratio of 30.55, a P/E/G ratio of 2.26 and a beta of 1.08. Sensient Technologies Co. has a 12-month low of $71.06 and a 12-month high of $84.98.
Sensient Technologies declared that its board has initiated a stock buyback program on Thursday, October 19th that authorizes the company to buyback 3,000,000 shares. This buyback authorization authorizes the specialty chemicals company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.
About Sensient Technologies
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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