Lecap Asset Management Ltd. Makes New Investment in Sensata Technologies Holding N.V. (NYSE:ST)

Lecap Asset Management Ltd. bought a new position in shares of Sensata Technologies Holding N.V. (NYSE:ST - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 39,769 shares of the scientific and technical instruments company's stock, valued at approximately $965,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Fuller & Thaler Asset Management Inc. increased its stake in shares of Sensata Technologies by 96.8% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,260,870 shares of the scientific and technical instruments company's stock worth $144,148,000 after buying an additional 2,587,183 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Sensata Technologies by 36.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,821,428 shares of the scientific and technical instruments company's stock worth $214,308,000 after acquiring an additional 2,088,161 shares in the last quarter. Norges Bank acquired a new position in Sensata Technologies during the 4th quarter worth approximately $48,580,000. Woodline Partners LP increased its position in shares of Sensata Technologies by 65.2% in the 4th quarter. Woodline Partners LP now owns 2,277,826 shares of the scientific and technical instruments company's stock valued at $62,412,000 after purchasing an additional 898,835 shares during the last quarter. Finally, Eminence Capital LP raised its holdings in shares of Sensata Technologies by 25.2% in the 4th quarter. Eminence Capital LP now owns 4,318,718 shares of the scientific and technical instruments company's stock valued at $118,333,000 after purchasing an additional 870,419 shares in the last quarter. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ST has been the subject of a number of analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Sensata Technologies from $27.00 to $21.00 and set an "underweight" rating for the company in a research note on Thursday, April 17th. Wells Fargo & Company upped their price objective on Sensata Technologies from $23.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Robert W. Baird dropped their price objective on Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Evercore ISI cut Sensata Technologies from an "outperform" rating to an "inline" rating and decreased their target price for the stock from $40.00 to $27.00 in a research note on Thursday, April 3rd. Finally, The Goldman Sachs Group upped their price target on Sensata Technologies from $27.00 to $30.00 and gave the company a "buy" rating in a report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Sensata Technologies currently has an average rating of "Hold" and a consensus price target of $34.08.

Sensata Technologies Stock Performance

Shares of ST traded up $0.89 during mid-day trading on Thursday, reaching $30.05. 1,841,648 shares of the company's stock were exchanged, compared to its average volume of 1,687,619. The business's fifty day simple moving average is $25.23 and its 200-day simple moving average is $26.25. The stock has a market capitalization of $4.40 billion, a PE ratio of 37.09, a price-to-earnings-growth ratio of 1.25 and a beta of 1.10. Sensata Technologies Holding N.V. has a 52-week low of $17.32 and a 52-week high of $42.33. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.64 and a quick ratio of 1.81.

Sensata Technologies (NYSE:ST - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The scientific and technical instruments company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.06. The company had revenue of $911.26 million for the quarter, compared to the consensus estimate of $878.39 million. Sensata Technologies had a net margin of 3.19% and a return on equity of 17.12%. Sensata Technologies's revenue for the quarter was down 9.5% on a year-over-year basis. During the same period last year, the firm posted $0.89 EPS. On average, equities research analysts expect that Sensata Technologies Holding N.V. will post 3.21 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.60%. The ex-dividend date was Wednesday, May 14th. Sensata Technologies's dividend payout ratio (DPR) is presently 59.26%.

Insider Buying and Selling at Sensata Technologies

In other news, Director Andrew C. Teich acquired 9,925 shares of the company's stock in a transaction on Friday, May 23rd. The shares were bought at an average cost of $25.19 per share, with a total value of $250,010.75. Following the purchase, the director now owns 41,117 shares of the company's stock, valued at $1,035,737.23. This represents a 31.82% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.89% of the stock is owned by company 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.