Handelsinvest Investeringsforvaltning Lowers stake in Sensient Technologies Corporation (SXT)

Sensient Technologies Corporation (SXT) : Handelsinvest Investeringsforvaltning reduced its stake in Sensient Technologies Corporation by 1.36% during the most recent quarter end. The investment management company now holds a total of 145,300 shares of Sensient Technologies Corporation which is valued at $9,852,793 after selling 2,000 shares in Sensient Technologies Corporation , the firm said in a disclosure report filed with the SEC on Apr 19, 2016.Sensient Technologies Corporation makes up approximately 3.28% of Handelsinvest Investeringsforvaltning’s portfolio.

Sensient Technologies Corporation opened for trading at $67.49 and hit $68.2 on the upside on Friday, eventually ending the session at $67.81, with a gain of 0.40% or 0.27 points. The heightened volatility saw the trading volume jump to 2,12,473 shares. Company has a market cap of $3,049 M.

Other Hedge Funds, Including , Sit Investment Associates Inc boosted its stake in SXT in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 1,475 shares of Sensient Technologies Corporation which is valued at $97,793.Oregon Public Employees Retirement Fund boosted its stake in SXT in the latest quarter, The investment management firm added 585 additional shares and now holds a total of 15,207 shares of Sensient Technologies Corporation which is valued at $1,008,224. Sensient Technologies Corporation makes up approx 0.02% of Oregon Public Employees Retirement Fund’s portfolio.1st Global Advisors boosted its stake in SXT in the latest quarter, The investment management firm added 348 additional shares and now holds a total of 4,672 shares of Sensient Technologies Corporation which is valued at $309,754. Sensient Technologies Corporation makes up approx 0.04% of 1st Global Advisors’s portfolio.Eagle Asset Management Inc boosted its stake in SXT in the latest quarter, The investment management firm added 1,785 additional shares and now holds a total of 233,581 shares of Sensient Technologies Corporation which is valued at $15,063,639. Sensient Technologies Corporation makes up approx 0.11% of Eagle Asset Management Inc’s portfolio.

On the company’s financial health, Sensient Technologies Corporation reported $0.77 EPS for the quarter, based on the information available during the earnings call on Oct 21, 2015. Analyst had a consensus estimate of $0.77. The company had revenue of $344.50 million for the quarter, compared to analysts expectations of $344.40 million. The company’s revenue was down -5.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.72 EPS.

Many Wall Street Analysts have commented on Sensient Technologies Corporation. Gabelli & Co Upgraded Sensient Technologies Corporation on Feb 8, 2016 to ” Buy”, Price Target of the shares are set at $71.

Sensient Technologies Corporation is a manufacturer and marketer of colors flavors and fragrances. The Company uses technologies at facilities around the world to develop specialty food and beverage systems cosmetic and pharmaceutical systems specialty inks and colors and other specialty and fine chemicals. The Company’s customers include international manufacturers. Its products include flavors flavor enhancers and bionutrients; fragrances and aroma chemicals; natural ingredients including dehydrated vegetables and other food ingredients; natural and synthetic food and beverage colors; cosmetic and pharmaceutical colors and ingredients and technical colors specialty inks and colors and specialty dyes and pigments. The Company operates under the following segments: Flavors & Fragrances Group and the Color Group.

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