Choreo LLC Makes New Investment in Sensata Technologies Holding N.V. (NYSE:ST)

Key Points

• Choreo LLC has acquired 27,710 shares of Sensata Technologies Holding N.V., valued at approximately $673,000, in the first quarter of 2023.
• Multiple institutional investors have increased their holdings in Sensata Technologies, with 99.42% of the stock currently owned by hedge funds and other institutions.
• Sensata Technologies recently announced a quarterly dividend of $0.12 per share, reflecting an annualized payout of $0.48 and a dividend yield of 1.46%.

Choreo LLC acquired a new position in shares of Sensata Technologies Holding N.V. (NYSE:ST - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 27,710 shares of the scientific and technical instruments company's stock, valued at approximately $673,000.

A number of other large investors have also added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. increased its position in Sensata Technologies by 96.8% during the 4th 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 in the last quarter. Price T Rowe Associates Inc. MD increased its position in Sensata Technologies by 36.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,821,428 shares of the scientific and technical instruments company's stock valued at $214,308,000 after buying an additional 2,088,161 shares in the last quarter. Norges Bank acquired a new position in Sensata Technologies during the 4th quarter valued at about $48,580,000. Woodline Partners LP increased its position in Sensata Technologies by 65.2% during the 4th quarter. Woodline Partners LP now owns 2,277,826 shares of the scientific and technical instruments company's stock valued at $62,412,000 after buying an additional 898,835 shares in the last quarter. Finally, Eminence Capital LP grew its stake in Sensata Technologies by 25.2% during the 4th quarter. Eminence Capital LP now owns 4,318,718 shares of the scientific and technical instruments company's stock valued at $118,333,000 after purchasing an additional 870,419 shares during the last quarter. 99.42% of the stock is currently owned by institutional investors.

Sensata Technologies Price Performance

NYSE ST traded down $1.18 during trading hours on Wednesday, reaching $31.32. The company's stock had a trading volume of 4,034,333 shares, compared to its average volume of 1,496,545. The firm has a market capitalization of $4.58 billion, a price-to-earnings ratio of 41.76, a P/E/G ratio of 1.36 and a beta of 1.13. Sensata Technologies Holding N.V. has a 1-year low of $17.32 and a 1-year high of $39.46. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.64 and a quick ratio of 1.81. The company's 50-day moving average is $29.53 and its two-hundred day moving average is $26.83.

Sensata Technologies (NYSE:ST - Get Free Report) last announced its earnings results on Tuesday, July 29th. The scientific and technical instruments company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.03. Sensata Technologies had a net margin of 2.97% and a return on equity of 16.85%. The business had revenue of $943.38 million for the quarter, compared to analyst estimates of $928.25 million. During the same quarter last year, the business earned $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, equities analysts predict that Sensata Technologies Holding N.V. will post 3.21 EPS for the current year.

Sensata Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.53%. The ex-dividend date is Wednesday, August 13th. Sensata Technologies's payout ratio is 59.26%.

Insider Transactions at Sensata Technologies

In other news, Director Andrew C. Teich acquired 9,925 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were bought at an average cost of $25.19 per share, for a total transaction of $250,010.75. Following the acquisition, the director owned 41,117 shares in the company, valued at approximately $1,035,737.23. This represents a 31.82% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.89% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price target on Sensata Technologies from $23.00 to $32.00 and gave the company an "underweight" rating in a research note on Thursday, July 17th. UBS Group increased their price objective on shares of Sensata Technologies from $41.00 to $43.00 and gave the stock a "buy" rating in a research note on Wednesday. Wall Street Zen lowered shares of Sensata Technologies from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. Wells Fargo & Company boosted their price objective on Sensata Technologies from $30.00 to $33.00 and gave the company an "equal weight" rating in a report on Wednesday. Finally, Robert W. Baird decreased their price objective on Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Sensata Technologies presently has an average rating of "Hold" and an average target price of $34.64.

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.