Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new stake in shares of Sensata Technologies Holding N.V. (NYSE:ST - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 8,400 shares of the scientific and technical instruments company's stock, valued at approximately $204,000.
Other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in Sensata Technologies by 0.5% during 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 during the last quarter. Crossmark Global Holdings Inc. lifted its stake 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 acquiring an additional 32,084 shares during the period. Brown Advisory Inc. raised its holdings in Sensata Technologies by 3.1% in the first quarter. Brown Advisory Inc. now owns 1,396,402 shares of the scientific and technical instruments company's stock worth $33,891,000 after purchasing an additional 42,423 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Sensata Technologies by 19.4% during the fourth quarter. Invesco Ltd. now owns 326,180 shares of the scientific and technical instruments company's stock valued at $8,937,000 after acquiring an additional 53,034 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in Sensata Technologies by 122.8% in 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 buying an additional 2,345 shares in the last quarter. 99.42% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Sensata Technologies
In other news, Director Andrew C. Teich purchased 9,925 shares of the firm'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 completion of the acquisition, the director directly owned 41,117 shares of the company's stock, valued at approximately $1,035,737.23. The trade was a 31.82% increase in their ownership of the stock. The transaction 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 Down 2.0%
Shares of Sensata Technologies stock traded down $0.66 during trading hours on Friday, hitting $31.81. 1,097,898 shares of the company's stock traded hands, compared to its average volume of 1,858,142. Sensata Technologies Holding N.V. has a twelve month low of $17.32 and a twelve month high of $39.04. The company has a market cap of $4.63 billion, a PE ratio of 42.41, a PEG ratio of 1.28 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. The stock has a 50 day simple moving average of $30.59 and a 200-day simple moving average of $27.02.
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 earnings per share (EPS) 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 business's revenue was down 8.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.93 earnings per share. Equities research analysts anticipate that Sensata Technologies Holding N.V. will post 3.21 earnings per share for the current fiscal year.
Sensata Technologies Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Wednesday, August 13th. Sensata Technologies's dividend payout ratio is 64.00%.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the company. Bank of America lifted their price objective on Sensata Technologies from $27.00 to $32.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Wall Street Zen upgraded Sensata Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Evercore ISI increased their price objective on Sensata Technologies from $27.00 to $30.00 and gave the company an "in-line" rating in a report on Wednesday, July 30th. The Goldman Sachs Group upped their target price on Sensata Technologies from $27.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Finally, Wells Fargo & Company increased their price target 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $34.64.
Read Our Latest Analysis on ST
Sensata Technologies Company Profile
(
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.
Featured Stories
Before you consider Sensata Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sensata Technologies wasn't on the list.
While Sensata Technologies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access