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

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 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 Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,709 shares of the scientific and technical instruments company's stock, valued at approximately $260,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ST. Signaturefd LLC grew its stake in shares of Sensata Technologies by 515.5% in the first quarter. Signaturefd LLC now owns 1,114 shares of the scientific and technical instruments company's stock valued at $27,000 after buying an additional 933 shares in the last quarter. Parallel Advisors LLC boosted its holdings in 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 acquiring an additional 1,118 shares during the period. UMB Bank n.a. grew its position in Sensata Technologies by 110.0% in the first quarter. UMB Bank n.a. now owns 1,873 shares of the scientific and technical instruments company's stock valued at $45,000 after acquiring an additional 981 shares in the last quarter. First Horizon Advisors Inc. raised its stake in shares of Sensata Technologies by 83.6% during the first quarter. First Horizon Advisors Inc. now owns 2,554 shares of the scientific and technical instruments company's stock valued at $62,000 after purchasing an additional 1,163 shares during the period. Finally, CWM LLC lifted its position in shares of Sensata Technologies by 989.5% during the first quarter. CWM LLC now owns 2,604 shares of the scientific and technical instruments company's stock worth $63,000 after purchasing an additional 2,365 shares in the last quarter. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Sensata Technologies Stock Up 0.7%

ST stock traded up $0.20 during mid-day trading on Monday, hitting $30.13. The stock had a trading volume of 2,068,893 shares, compared to its average volume of 1,782,779. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 40.17, a PEG ratio of 1.18 and a beta of 1.14. The company has a fifty day moving average of $29.73 and a 200 day moving average of $26.85. 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 current ratio of 2.71, a quick ratio of 1.94 and a debt-to-equity ratio of 1.11.

Sensata Technologies (NYSE:ST - Get Free Report) last posted its earnings results 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 company had revenue of $943.38 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned $0.93 earnings per share. On average, equities analysts expect that Sensata Technologies Holding N.V. will post 3.21 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, August 13th. Sensata Technologies's payout ratio is currently 64.00%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ST. JPMorgan Chase & Co. upped their target price on shares of Sensata Technologies from $23.00 to $32.00 and gave the company an "underweight" rating in a research note on Thursday, July 17th. Bank of America upped their price objective on shares of Sensata Technologies from $27.00 to $32.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Evercore ISI lifted their target price on Sensata Technologies from $27.00 to $30.00 and gave the stock an "in-line" rating in a research report on Wednesday, July 30th. UBS Group raised their price objective on Sensata Technologies from $41.00 to $43.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Finally, Truist Financial upped their target price on Sensata Technologies from $27.00 to $35.00 and gave the company a "hold" rating in a research report on Wednesday, July 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Sensata Technologies presently has an average rating of "Hold" and a consensus target price of $34.64.

Insider Buying and Selling

In related news, Director Andrew C. Teich purchased 9,925 shares of Sensata Technologies stock in a transaction on Friday, May 23rd. The stock was purchased at an average cost of $25.19 per share, with a total value of $250,010.75. Following the acquisition, the director directly owned 41,117 shares in the company, valued at approximately $1,035,737.23. This trade represents a 31.82% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.89% of the stock is currently owned by corporate insiders.

About Sensata Technologies

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.