First Trust Advisors LP Cuts Stock Position in Sensient Technologies Co. (NYSE:SXT)

First Trust Advisors LP lessened its holdings in Sensient Technologies Co. (NYSE:SXT - Free Report) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 609,372 shares of the specialty chemicals company's stock after selling 4,689 shares during the period. First Trust Advisors LP owned approximately 1.44% of Sensient Technologies worth $43,424,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Sensient Technologies in the 4th quarter worth about $25,000. Jones Financial Companies Lllp grew its position in Sensient Technologies by 18,766.7% in the fourth 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. R Squared Ltd bought a new stake in Sensient Technologies during the fourth quarter worth approximately $65,000. Covestor Ltd raised its position in Sensient Technologies by 49.4% during the fourth quarter. Covestor Ltd now owns 920 shares of the specialty chemicals company's stock valued at $66,000 after purchasing an additional 304 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Sensient Technologies by 152.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,123 shares of the specialty chemicals company's stock valued at $80,000 after purchasing an additional 678 shares during the last quarter. Hedge funds and other institutional investors own 90.86% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Sensient Technologies from a "buy" rating to a "hold" rating in a report on Saturday, March 22nd.

Sensient Technologies Price Performance

SXT stock opened at $79.17 on Thursday. The stock has a market cap of $3.36 billion, a PE ratio of 26.93 and a beta of 0.63. Sensient Technologies Co. has a 12 month low of $66.15 and a 12 month high of $82.99. The company has a 50-day moving average price of $72.72 and a 200 day moving average price of $74.71. The company has a current ratio of 3.55, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58.

Sensient Technologies (NYSE:SXT - Get Free Report) last issued its quarterly earnings results on Friday, February 14th. The specialty chemicals company reported $0.65 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $375.10 million. During the same period last year, the company earned $0.51 EPS. Sensient Technologies's quarterly revenue was up 7.8% compared to the same quarter last year. Equities research analysts anticipate that Sensient Technologies Co. will post 3.1 earnings per share for the current year.

About Sensient Technologies

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.

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