Latest Stocks: Russell Investments Group Ltd. Raises Stake in Sensient Technologies Co. (SXT)

Latest Stocks: Russell Investments Group Ltd. Raises Stake in Sensient Technologies Co. (SXT)

Russell Investments Group Ltd. increased its position in shares of Sensient Technologies Co. (NYSE:SXT) by 7.8% during the first quarter, Holdings Channel reports. The fund owned 47,061 shares of the specialty chemicals company’s stock after buying an additional 3,406 shares during the period. Russell Investments Group Ltd.’s holdings in Sensient Technologies were worth $3,730,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Horan Securities Inc. bought a new position in shares of Sensient Technologies during the first quarter worth about $124,000. Gideon Capital Advisors Inc. bought a new position in shares of Sensient Technologies during the fourth quarter worth about $203,000. Dubuque Bank & Trust Co. bought a new position in shares of Sensient Technologies during the first quarter worth about $233,000. GSA Capital Partners LLP bought a new position in shares of Sensient Technologies during the fourth quarter worth about $269,000. Finally, Turner Investments LLC bought a new position in shares of Sensient Technologies during the fourth quarter worth about $314,000. 88.99% of the stock is owned by institutional investors.

Sensient Technologies Co. (SXT) opened at 81.18 on Tuesday. Sensient Technologies Co. has a one year low of $67.40 and a one year high of $84.55. The firm’s 50 day moving average price is $80.91 and its 200-day moving average price is $79.34. The company has a market capitalization of $3.59 billion, a PE ratio of 33.45 and a beta of 0.92.

Sensient Technologies (NYSE:SXT) last released its earnings results on Tuesday, April 25th. The specialty chemicals company reported $0.82 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.82. The company had revenue of $341.40 million for the quarter. Sensient Technologies had a return on equity of 16.73% and a net margin of 9.13%. During the same period last year, the company posted $0.75 earnings per share. Equities analysts forecast that Sensient Technologies Co. will post $3.41 earnings per share for the current fiscal year.

Separately, Zacks Investment Research raised Sensient Technologies from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a report on Friday. About Sensient Technologies

Want to see what other hedge funds are holding SXT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sensient Technologies Co. (NYSE:SXT). Receive News & Ratings for Sensient Technologies Co. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Sensient Technologies Co. and related companies with MarketBeat.com’s FREE daily email newsletter.

Want to see what other hedge funds are holding SXT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sensient Technologies Co. (NYSE:SXT).

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