Sensient Technologies Corporation (NYSE:SXT) Sees Large Drop in Short Interest
by Doug Wharley · The Cerbat GemSensient Technologies Corporation (NYSE:SXT – Get Free Report) was the target of a large decline in short interest in March. As of March 31st, there was short interest totaling 1,119,341 shares, a decline of 13.9% from the March 15th total of 1,299,514 shares. Based on an average daily volume of 330,355 shares, the short-interest ratio is currently 3.4 days. Currently, 2.7% of the company’s stock are sold short.
Sensient Technologies Stock Up 5.4%
SXT traded up $5.19 on Friday, hitting $100.52. 433,987 shares of the company were exchanged, compared to its average volume of 306,465. The company has a market cap of $4.28 billion, a PE ratio of 31.81 and a beta of 0.62. Sensient Technologies has a 12 month low of $72.60 and a 12 month high of $121.54. The stock’s fifty day moving average is $92.46 and its 200-day moving average is $93.98. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 4.10.
Sensient Technologies (NYSE:SXT – Get Free Report) last posted its quarterly earnings results on Friday, February 13th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.06). The company had revenue of $393.45 million for the quarter, compared to analyst estimates of $395.70 million. Sensient Technologies had a return on equity of 12.82% and a net margin of 8.34%.The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the firm earned $0.70 EPS. Sensient Technologies has set its FY 2026 guidance at 3.600-3.800 EPS. Equities research analysts predict that Sensient Technologies will post 3.1 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. MML Investors Services LLC increased its holdings in shares of Sensient Technologies by 3.9% during the 4th quarter. MML Investors Services LLC now owns 3,146 shares of the specialty chemicals company’s stock worth $296,000 after acquiring an additional 119 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Sensient Technologies by 1.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,675 shares of the specialty chemicals company’s stock worth $909,000 after acquiring an additional 130 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Sensient Technologies by 53.1% during the 4th quarter. Advisors Asset Management Inc. now owns 401 shares of the specialty chemicals company’s stock worth $38,000 after acquiring an additional 139 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Sensient Technologies by 19.3% during the 3rd quarter. GAMMA Investing LLC now owns 878 shares of the specialty chemicals company’s stock worth $82,000 after acquiring an additional 142 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Sensient Technologies by 15.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,042 shares of the specialty chemicals company’s stock worth $98,000 after acquiring an additional 143 shares during the last quarter. 90.86% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on SXT. Weiss Ratings reissued a “hold (c+)” rating on shares of Sensient Technologies in a research report on Monday, December 29th. UBS Group began coverage on Sensient Technologies in a research report on Wednesday, April 1st. They issued a “buy” rating and a $115.00 target price on the stock. Finally, Zacks Research lowered Sensient Technologies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Sensient Technologies has a consensus rating of “Hold” and an average price target of $111.67.
Read Our Latest Report on Sensient Technologies
About Sensient Technologies
Sensient Technologies Corporation is a global leader in the manufacture and supply of colors, flavors and fragrances for a broad range of end-markets. The company develops and produces ingredients that enhance the appearance, taste and scent of products in the food, beverage, nutraceutical, pharmaceutical, personal care and household sectors. Its portfolio includes natural and synthetic colorants, botanical and artificial flavor systems, fragrance compounds and specialty chemical offerings tailored to customer specifications.
Within its flavor and fragrance division, Sensient provides custom formulations for sweet, savory and umami taste profiles along with fragrance blends for personal care and cosmetic applications.