Connor Clark & Lunn Investment Management Ltd. Sells 48,482 Shares of Sensata Technologies Holding N.V. (NYSE:ST)

Connor Clark & Lunn Investment Management Ltd. cut its holdings in shares of Sensata Technologies Holding N.V. (NYSE:ST - Free Report) by 26.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 132,479 shares of the scientific and technical instruments company's stock after selling 48,482 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.09% of Sensata Technologies worth $3,215,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Signaturefd LLC increased its stake in Sensata Technologies by 515.5% during the 1st quarter. Signaturefd LLC now owns 1,114 shares of the scientific and technical instruments company's stock valued at $27,000 after purchasing an additional 933 shares in the last quarter. National Bank of Canada FI purchased a new position in Sensata Technologies during the 1st quarter worth $27,000. Parallel Advisors LLC boosted its holdings in Sensata Technologies by 278.8% during 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 last quarter. UMB Bank n.a. boosted its holdings in shares of Sensata Technologies by 110.0% in the 1st quarter. UMB Bank n.a. now owns 1,873 shares of the scientific and technical instruments company's stock worth $45,000 after buying an additional 981 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Sensata Technologies by 83.6% in the 1st quarter. First Horizon Advisors Inc. now owns 2,554 shares of the scientific and technical instruments company's stock worth $62,000 after buying an additional 1,163 shares during the last quarter. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Sensata Technologies

In related news, Director Andrew C. Teich acquired 9,925 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was purchased at an average price of $25.19 per share, with a total value of $250,010.75. Following the completion of the purchase, the director owned 41,117 shares in the company, valued at $1,035,737.23. This trade represents a 31.82% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.89% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Truist Financial boosted their price target on shares of Sensata Technologies from $27.00 to $35.00 and gave the stock a "hold" rating in a report on Wednesday, July 30th. Wall Street Zen raised shares of Sensata Technologies from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. UBS Group boosted their price target on shares of Sensata Technologies from $41.00 to $43.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Evercore ISI boosted their price objective on Sensata Technologies from $27.00 to $30.00 and gave the company an "in-line" rating in a research note on Wednesday, July 30th. Finally, 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 research note on Wednesday, July 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $34.64.

Sensata Technologies Price Performance

Shares of ST stock traded down $0.66 during trading on Friday, hitting $31.81. The company had a trading volume of 1,097,898 shares, compared to its average volume of 1,858,142. 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's 50-day moving average is $30.59 and its two-hundred day moving average is $27.02. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 42.41, a price-to-earnings-growth ratio of 1.28 and a beta of 1.14. Sensata Technologies Holding N.V. has a 52 week low of $17.32 and a 52 week high of $39.04.

Sensata Technologies (NYSE:ST - Get Free Report) last issued its earnings results 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 analyst estimates of $928.25 million. Sensata Technologies had a return on equity of 16.88% and a net margin of 2.97%. Sensata Technologies's revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 earnings per share. As a group, analysts predict that Sensata Technologies Holding N.V. will post 3.21 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, August 13th. Sensata Technologies's dividend payout ratio is 64.00%.

Sensata Technologies 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.