Arrowpoint Investment Partners Singapore Pte. Ltd. Buys New Stake in Sensata Technologies Holding N.V. $ST

Key Points

• Arrowpoint Investment Partners has acquired a new stake in Sensata Technologies, purchasing 8,400 shares valued at approximately $204,000.
• Major institutional investors have increased their stakes in Sensata Technologies, with Fuller & Thaler Asset Management raising its ownership by 96.8% in the fourth quarter.
• Sensata Technologies reported earnings exceeding analysts' expectations, with a net revenue of $943.38 million for the quarter, despite an 8.9% decline compared to the previous year.

Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new position in Sensata Technologies Holding N.V. (NYSE:ST - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 8,400 shares of the scientific and technical instruments company's stock, valued at approximately $204,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in shares of Sensata Technologies by 0.5% in the first quarter. Principal Financial Group Inc. now owns 344,296 shares of the scientific and technical instruments company's stock valued at $8,356,000 after purchasing an additional 1,578 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in Sensata Technologies by 184.8% in the first quarter. Crossmark Global Holdings Inc. now owns 49,447 shares of the scientific and technical instruments company's stock worth $1,200,000 after buying an additional 32,084 shares during the last quarter. Brown Advisory Inc. increased its position in Sensata Technologies by 3.1% during the first quarter. Brown Advisory Inc. now owns 1,396,402 shares of the scientific and technical instruments company's stock valued at $33,891,000 after acquiring an additional 42,423 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Sensata Technologies by 19.4% in the 4th quarter. Invesco Ltd. now owns 326,180 shares of the scientific and technical instruments company's stock worth $8,937,000 after acquiring an additional 53,034 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Sensata Technologies by 122.8% during the 1st quarter. Farther Finance Advisors LLC now owns 4,254 shares of the scientific and technical instruments company's stock worth $103,000 after purchasing an additional 2,345 shares during the period. Hedge funds and other institutional investors own 99.42% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company raised their price target on Sensata Technologies from $30.00 to $33.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Wall Street Zen raised shares of Sensata Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. UBS Group increased their price objective on Sensata Technologies from $41.00 to $43.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. The Goldman Sachs Group lifted their target price on Sensata Technologies from $27.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Finally, Bank of America increased their price target on Sensata Technologies from $27.00 to $32.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. 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 company. According to MarketBeat, Sensata Technologies has an average rating of "Hold" and a consensus price target of $34.64.

Insider Transactions at Sensata Technologies

In other news, Director Andrew C. Teich purchased 9,925 shares of the company's stock in a transaction on Friday, May 23rd. The shares were acquired at an average price 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 $1,035,737.23. This trade represents a 31.82% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.89% of the stock is owned by company insiders.

Sensata Technologies Stock Up 1.1%

Shares of Sensata Technologies stock traded up $0.36 during trading on Monday, reaching $32.19. The company's stock had a trading volume of 381,044 shares, compared to its average volume of 1,774,225. The company has a 50-day simple moving average of $30.59 and a two-hundred day simple moving average of $27.01. Sensata Technologies Holding N.V. has a 1-year low of $17.32 and a 1-year high of $39.04. The company has a market cap of $4.69 billion, a price-to-earnings ratio of 42.94, a P/E/G ratio of 1.25 and a beta of 1.14. The company has a quick ratio of 1.94, a current ratio of 2.71 and a debt-to-equity ratio of 1.11.

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

Sensata Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, August 13th. Sensata Technologies's dividend payout ratio is presently 64.00%.

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.