Boston Partners Reduces Position in Sensata Technologies Holding N.V. $ST

Key Points

• Boston Partners has reduced its stake in Sensata Technologies by 16.0%, selling over 1 million shares, and now holds approximately 3.75% of the company valued at $132 million.
• In the same quarter, other institutional investors made increases in their positions, with Signaturefd LLC significantly growing its stake by 515.5%.
• Sensata Technologies reported earnings of $0.87 per share, exceeding analyst expectations, but revenue declined 8.9% year-over-year to $943.38 million.

Boston Partners lowered its position in shares of Sensata Technologies Holding N.V. (NYSE:ST - Free Report) by 16.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,479,835 shares of the scientific and technical instruments company's stock after selling 1,047,106 shares during the period. Boston Partners owned about 3.75% of Sensata Technologies worth $132,146,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ST. Vanguard Group Inc. boosted its holdings in shares of Sensata Technologies by 3.2% during the first quarter. Vanguard Group Inc. now owns 15,017,354 shares of the scientific and technical instruments company's stock worth $364,471,000 after purchasing an additional 465,878 shares during the period. Janus Henderson Group PLC raised its position in Sensata Technologies by 0.5% during the 4th quarter. Janus Henderson Group PLC now owns 9,767,232 shares of the scientific and technical instruments company's stock valued at $267,621,000 after purchasing an additional 44,233 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Sensata Technologies by 36.4% in 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 buying an additional 2,088,161 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Sensata Technologies by 12.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,808,186 shares of the scientific and technical instruments company's stock worth $159,143,000 after buying an additional 648,028 shares during the last quarter. Finally, 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 valued at $144,148,000 after buying an additional 2,587,183 shares during the period. Institutional investors own 99.42% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ST. Truist Financial upped their target price on Sensata Technologies from $27.00 to $35.00 and gave the company a "hold" rating in a report on Wednesday, July 30th. Bank of America upped their price objective on shares of Sensata Technologies from $27.00 to $32.00 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. UBS Group lifted their target price on shares of Sensata Technologies from $41.00 to $43.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Wells Fargo & Company increased their price target on shares of Sensata Technologies from $30.00 to $33.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Finally, Evercore ISI lifted their price objective on Sensata Technologies from $27.00 to $30.00 and gave the company an "in-line" rating in a research report on Wednesday, July 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $34.64.

Insider Transactions at Sensata Technologies

In other news, Director Andrew C. Teich purchased 9,925 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were purchased at an average price 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 in the company, valued at $1,035,737.23. This represents a 31.82% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.89% of the company's stock.

Sensata Technologies Stock Up 1.7%

Shares of ST traded up $0.53 during mid-day trading on Monday, reaching $32.36. The company had a trading volume of 1,098,193 shares, compared to its average volume of 1,779,181. Sensata Technologies Holding N.V. has a 52 week low of $17.32 and a 52 week high of $39.04. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.94 and a current ratio of 2.71. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of 43.15, a price-to-earnings-growth ratio of 1.25 and a beta of 1.14. The firm has a 50-day moving average price of $30.59 and a 200 day moving average price of $27.01.

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

Sensata Technologies Announces Dividend

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

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.