10,709 Shares in Sensata Technologies Holding N.V. (NYSE:ST) Acquired by Baker Avenue Asset Management LP

Key Points

• Baker Avenue Asset Management LP has acquired 10,709 shares of Sensata Technologies Holding N.V., valued at approximately $260,000.
• Institutional investors collectively own 99.42% of Sensata Technologies' stock, with recent significant increases in holdings from firms like Fuller & Thaler Asset Management and Price T Rowe Associates.
• Sensata Technologies announced a quarterly dividend of $0.12 per share, resulting in an annualized yield of 1.6%.

Baker Avenue Asset Management LP bought a new stake in shares of Sensata Technologies Holding N.V. (NYSE:ST - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,709 shares of the scientific and technical instruments company's stock, valued at approximately $260,000.

Several other institutional investors have also recently made changes to their positions in the company. Pictet Asset Management Holding SA raised its holdings in Sensata Technologies by 23.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 25,742 shares of the scientific and technical instruments company's stock worth $705,000 after buying an additional 4,899 shares during the last quarter. Headlands Technologies LLC raised its holdings in Sensata Technologies by 524.8% in the 4th quarter. Headlands Technologies LLC now owns 2,768 shares of the scientific and technical instruments company's stock worth $76,000 after acquiring an additional 2,325 shares during the last quarter. Cullen Capital Management LLC lifted its position in Sensata Technologies by 1.9% in the 4th quarter. Cullen Capital Management LLC now owns 31,111 shares of the scientific and technical instruments company's stock valued at $852,000 after acquiring an additional 590 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Sensata Technologies during the 4th quarter valued at $292,000. Finally, Federated Hermes Inc. increased its holdings in shares of Sensata Technologies by 21.6% in the 4th quarter. Federated Hermes Inc. now owns 19,733 shares of the scientific and technical instruments company's stock worth $541,000 after purchasing an additional 3,506 shares in the last quarter. Institutional investors own 99.42% of the company's stock.

Insider Activity

In other Sensata Technologies news, Director Andrew C. Teich purchased 9,925 shares of the stock in a transaction dated Friday, May 23rd. The shares were acquired at an average cost of $25.19 per share, for a total transaction of $250,010.75. Following the completion of the transaction, the director directly owned 41,117 shares of the company's stock, valued at $1,035,737.23. This trade represents a 31.82% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.89% of the company's stock.

Sensata Technologies Stock Down 0.4%

Shares of ST stock traded down $0.11 on Thursday, reaching $29.27. 598,253 shares of the stock were exchanged, compared to its average volume of 1,790,971. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 39.12, a PEG ratio of 1.17 and a beta of 1.14. The business's 50 day moving average price is $29.90 and its 200 day moving average price is $26.88. The company has a current ratio of 2.71, a quick ratio of 1.94 and a debt-to-equity ratio of 1.11. Sensata Technologies Holding N.V. has a twelve month low of $17.32 and a twelve month high of $39.04.

Sensata Technologies (NYSE:ST - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The scientific and technical instruments company reported $0.87 earnings per share for the quarter, beating 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 revenue was down 8.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.93 earnings per share. As a group, sell-side analysts expect that Sensata Technologies Holding N.V. will post 3.21 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Wednesday, August 13th. Sensata Technologies's dividend payout ratio (DPR) is presently 64.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ST shares. UBS Group increased their price objective on Sensata Technologies from $41.00 to $43.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. 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 report on Wednesday, July 30th. The Goldman Sachs Group increased their price objective on shares of Sensata Technologies from $27.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Wells Fargo & Company boosted their target price on shares of Sensata Technologies from $30.00 to $33.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 30th. Finally, Wall Street Zen upgraded Sensata Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. One investment 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. According to data from MarketBeat, Sensata Technologies presently has a consensus rating of "Hold" and a consensus target price of $34.64.

Sensata Technologies Company 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.