Hsbc Holdings PLC Has $247,000 Stake in Sensient Technologies Co. (NYSE:SXT)

Hsbc Holdings PLC lifted its holdings in shares of Sensient Technologies Co. (NYSE:SXT) by 19.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,414 shares of the specialty chemicals company’s stock after buying an additional 724 shares during the period. Hsbc Holdings PLC’s holdings in Sensient Technologies were worth $247,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Retirement Systems of Alabama boosted its holdings in shares of Sensient Technologies by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 54,813 shares of the specialty chemicals company’s stock valued at $3,061,000 after acquiring an additional 179 shares in the last quarter. Arizona State Retirement System lifted its stake in Sensient Technologies by 1.1% during the fourth quarter. Arizona State Retirement System now owns 30,342 shares of the specialty chemicals company’s stock valued at $1,695,000 after purchasing an additional 324 shares during the last quarter. Legal & General Group Plc lifted its stake in Sensient Technologies by 0.7% during the third quarter. Legal & General Group Plc now owns 53,186 shares of the specialty chemicals company’s stock valued at $4,069,000 after purchasing an additional 363 shares during the last quarter. Huntington National Bank lifted its stake in Sensient Technologies by 66.6% during the fourth quarter. Huntington National Bank now owns 1,118 shares of the specialty chemicals company’s stock valued at $62,000 after purchasing an additional 447 shares during the last quarter. Finally, Advisor Group Inc. lifted its stake in Sensient Technologies by 16.8% during the fourth quarter. Advisor Group Inc. now owns 3,159 shares of the specialty chemicals company’s stock valued at $176,000 after purchasing an additional 455 shares during the last quarter. 99.79% of the stock is owned by institutional investors and hedge funds.

Shares of SXT traded up $0.20 during mid-day trading on Wednesday, hitting $70.25. 188,800 shares of the company’s stock were exchanged, compared to its average volume of 264,700. Sensient Technologies Co. has a twelve month low of $51.93 and a twelve month high of $78.40. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 19.79 and a beta of 1.07. The company has a quick ratio of 1.55, a current ratio of 3.83 and a debt-to-equity ratio of 0.80.

Sensient Technologies (NYSE:SXT) last announced its quarterly earnings results on Friday, February 15th. The specialty chemicals company reported $0.79 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.79. Sensient Technologies had a net margin of 11.35% and a return on equity of 18.00%. The company had revenue of $324.56 million for the quarter. During the same quarter last year, the company earned $0.84 EPS. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. As a group, research analysts predict that Sensient Technologies Co. will post 3.28 earnings per share for the current fiscal year.

Several research firms recently commented on SXT. Seaport Global Securities began coverage on shares of Sensient Technologies in a research note on Thursday, February 21st. They set a “buy” rating for the company. Zacks Investment Research upgraded shares of Sensient Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday. BNP Paribas started coverage on shares of Sensient Technologies in a research report on Friday, January 11th. They issued an “outperform” rating and a $74.00 price target for the company. KeyCorp set a $65.00 price target on shares of Sensient Technologies and gave the company a “buy” rating in a research report on Monday, January 14th. Finally, Exane BNP Paribas started coverage on shares of Sensient Technologies in a research report on Friday, January 11th. They issued an “outperform” rating and a $74.00 target price for the company. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $73.75.

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About Sensient Technologies

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and fragrances in North America, Europe, the Asia Pacific, and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group.

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

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