Todd Asset Management LLC Invests $372,000 in Sensata Technologies Holding N.V. (NYSE:ST)

Key Points

• Todd Asset Management LLC has acquired 15,337 shares of Sensata Technologies, valued at approximately $372,000, as part of its 1st quarter investment strategy.
• Several large investors, including Nuveen LLC and Mizuho Markets Americas LLC, have significantly increased their positions in Sensata Technologies, indicating strong institutional interest.
• Sensata Technologies reported an earnings per share of $0.87, surpassing analysts' expectations, despite experiencing an 8.9% year-over-year decline in revenue.

Todd Asset Management LLC acquired a new stake in shares of Sensata Technologies Holding N.V. (NYSE:ST - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 15,337 shares of the scientific and technical instruments company's stock, valued at approximately $372,000.

A number of other hedge funds have also recently made changes to their positions in ST. National Bank of Canada FI bought a new position in shares of Sensata Technologies during the first quarter valued at about $27,000. Signaturefd LLC lifted its position in shares of Sensata Technologies by 515.5% during the first quarter. Signaturefd LLC now owns 1,114 shares of the scientific and technical instruments company's stock valued at $27,000 after purchasing an additional 933 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Sensata Technologies by 278.8% during the first quarter. Parallel Advisors LLC now owns 1,519 shares of the scientific and technical instruments company's stock valued at $37,000 after purchasing an additional 1,118 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Sensata Technologies by 110.0% during the first quarter. UMB Bank n.a. now owns 1,873 shares of the scientific and technical instruments company's stock valued at $45,000 after purchasing an additional 981 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its position in shares of Sensata Technologies by 83.6% during the first quarter. First Horizon Advisors Inc. now owns 2,554 shares of the scientific and technical instruments company's stock valued at $62,000 after purchasing an additional 1,163 shares in the last quarter. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ST shares. Evercore ISI raised their price target on shares of Sensata Technologies from $27.00 to $30.00 and gave the company an "in-line" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. lifted their price objective on shares of Sensata Technologies from $23.00 to $32.00 and gave the stock an "underweight" rating in a research report on Thursday, July 17th. Robert W. Baird lowered their price objective on shares of Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. UBS Group lifted their price objective on shares of Sensata Technologies from $41.00 to $43.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Finally, Wall Street Zen raised shares of Sensata Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Sensata Technologies currently has a consensus rating of "Hold" and a consensus price target of $34.64.

Sensata Technologies Stock Performance

Shares of ST traded up $1.92 during trading hours on Wednesday, hitting $33.13. The company's stock had a trading volume of 2,444,882 shares, compared to its average volume of 1,814,798. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 44.17, a PEG ratio of 1.23 and a beta of 1.14. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.71 and a quick ratio of 1.94. The business has a 50 day simple moving average of $30.38 and a two-hundred day simple moving average of $26.96. Sensata Technologies Holding N.V. has a 52-week low of $17.32 and a 52-week high of $39.04.

Sensata Technologies (NYSE:ST - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The scientific and technical instruments company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.84 by $0.03. The company had revenue of $943.38 million during the quarter, compared to analysts' expectations of $928.25 million. Sensata Technologies had a net margin of 2.97% and a return on equity of 16.88%. Sensata Technologies's revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.93 earnings per share. On average, equities analysts expect that Sensata Technologies Holding N.V. will post 3.21 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, August 13th. Sensata Technologies's payout ratio is currently 64.00%.

Insider Buying and Selling

In related news, Director Andrew C. Teich purchased 9,925 shares of the business's stock in a transaction on Friday, May 23rd. The stock was acquired at an average price of $25.19 per share, with a total value of $250,010.75. Following the purchase, the director directly owned 41,117 shares in the company, valued at approximately $1,035,737.23. This represents a 31.82% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.89% of the stock is currently owned by corporate insiders.

Sensata Technologies Profile

Sensata Technologies Holding plc develops, manufactures, and sells sensors and sensor-rich solutions, electrical protection components and systems, and other products used in mission-critical systems and applications in the United States and internationally. It operates in two segments, Performance Sensing and Sensing Solutions.