Virtus ETF Advisers LLC Makes New $2.87 Million Investment in Sensient Technologies Co. (NYSE:SXT)
Virtus ETF Advisers LLC bought a new position in shares of Sensient Technologies Co. (NYSE:SXT) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 38,992 shares of the specialty chemicals company’s stock, valued at approximately $2,865,000.
Other hedge funds have also bought and sold shares of the company. Krane Funds Advisors LLC bought a new position in Sensient Technologies during the second quarter worth about $58,000. Stanley Laman Group Ltd. acquired a new stake in shares of Sensient Technologies in the 2nd quarter valued at about $196,000. Wealthsource Partners LLC acquired a new stake in shares of Sensient Technologies in the 2nd quarter valued at about $201,000. Wellington Shields & Co. LLC acquired a new stake in shares of Sensient Technologies in the 1st quarter valued at about $203,000. Finally, Rothschild Investment Corp IL acquired a new stake in shares of Sensient Technologies in the 2nd quarter valued at about $209,000. Hedge funds and other institutional investors own 96.97% of the company’s stock.
Shares of SXT traded up $0.24 during midday trading on Thursday, hitting $69.55. The stock had a trading volume of 131,906 shares, compared to its average volume of 244,486. The company has a 50 day simple moving average of $66.22 and a two-hundred day simple moving average of $68.73. 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 $2.94 billion, a price-to-earnings ratio of 19.59 and a beta of 1.01. The company has a debt-to-equity ratio of 0.73, a current ratio of 4.17 and a quick ratio of 1.80.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 2nd were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.07%. The ex-dividend date was Thursday, August 1st. Sensient Technologies’s dividend payout ratio is 40.56%.
SXT has been the topic of several recent research reports. TheStreet raised Sensient Technologies from a “c+” rating to a “b-” rating in a research note on Tuesday, June 18th. Zacks Investment Research raised Sensient Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, September 7th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Sensient Technologies currently has an average rating of “Buy” and an average target price of $75.00.
Sensient Technologies Company Profile
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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