Mizuho Markets Americas LLC purchased a new position in Sensata Technologies Holding N.V. (NYSE:ST - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 351,833 shares of the scientific and technical instruments company's stock, valued at approximately $8,539,000. Mizuho Markets Americas LLC owned 0.24% of Sensata Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently bought and sold shares of ST. Signaturefd LLC boosted its position in shares of Sensata Technologies by 515.5% in the 1st quarter. Signaturefd LLC now owns 1,114 shares of the scientific and technical instruments company's stock worth $27,000 after purchasing an additional 933 shares in the last quarter. National Bank of Canada FI acquired a new stake in shares of Sensata Technologies in the 1st quarter worth $27,000. Parallel Advisors LLC boosted its position in shares of Sensata Technologies by 278.8% in the 1st quarter. Parallel Advisors LLC now owns 1,519 shares of the scientific and technical instruments company's stock worth $37,000 after purchasing an additional 1,118 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Sensata Technologies by 110.0% in the 1st quarter. UMB Bank n.a. now owns 1,873 shares of the scientific and technical instruments company's stock worth $45,000 after purchasing an additional 981 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its position in shares of Sensata Technologies by 83.6% in the 1st quarter. First Horizon Advisors Inc. now owns 2,554 shares of the scientific and technical instruments company's stock worth $62,000 after purchasing an additional 1,163 shares in the last quarter. 99.42% of the stock is currently owned by hedge funds and other institutional investors.
Sensata Technologies Stock Performance
Sensata Technologies stock traded up $1.92 during midday trading on Wednesday, hitting $33.13. 2,444,882 shares of the company were exchanged, compared to its average volume of 1,791,237. The firm has a market capitalization of $4.82 billion, a PE ratio of 44.17, a price-to-earnings-growth ratio of 1.16 and a beta of 1.14. Sensata Technologies Holding N.V. has a fifty-two week low of $17.32 and a fifty-two week high of $39.04. The business has a fifty day simple moving average of $30.25 and a two-hundred day simple moving average of $26.92. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.94 and a current ratio of 2.71.
Sensata Technologies (NYSE:ST - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The scientific and technical instruments company reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.03. Sensata Technologies had a return on equity of 16.88% and a net margin of 2.97%. The company had revenue of $943.38 million during the quarter, compared to analysts' expectations of $928.25 million. During the same quarter in the prior year, the firm posted $0.93 EPS. Sensata Technologies's quarterly revenue was down 8.9% compared to the same quarter last year. On average, sell-side analysts forecast that Sensata Technologies Holding N.V. will post 3.21 earnings per share for the current year.
Sensata Technologies Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.4%. The ex-dividend date is Wednesday, August 13th. Sensata Technologies's payout ratio is 64.00%.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on ST. Wells Fargo & Company raised their price objective on Sensata Technologies from $30.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. Wall Street Zen raised Sensata Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Truist Financial lifted their price target on Sensata Technologies from $27.00 to $35.00 and gave the stock a "hold" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. lifted their price target on Sensata Technologies from $23.00 to $32.00 and gave the stock an "underweight" rating in a research report on Thursday, July 17th. Finally, UBS Group lifted their price target on Sensata Technologies from $41.00 to $43.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $34.64.
Read Our Latest Research Report on Sensata Technologies
Insider Buying and Selling
In other news, Director Andrew C. Teich acquired 9,925 shares of the business's stock in a transaction on Friday, May 23rd. The stock was bought at an average cost of $25.19 per share, for a total transaction of $250,010.75. Following the purchase, the director 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 SEC, which is available through this hyperlink. Company insiders own 0.89% of the company's stock.
About Sensata Technologies
(
Free Report)
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.
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