Sensata Technologies Holding N.V. $ST Stock Holdings Trimmed by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. reduced its position in Sensata Technologies Holding N.V. (NYSE:ST - Free Report) by 26.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Signaturefd LLC raised its stake in Sensata Technologies by 515.5% in 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 during the last quarter. National Bank of Canada FI acquired a new position in Sensata Technologies in the 1st quarter valued at about $27,000. Parallel Advisors LLC raised its stake 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 valued at $37,000 after purchasing an additional 1,118 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Sensata Technologies by 110.0% during the first quarter. UMB Bank n.a. now owns 1,873 shares of the scientific and technical instruments company's stock worth $45,000 after purchasing an additional 981 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings 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 worth $62,000 after purchasing an additional 1,163 shares during the last quarter. 99.42% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Sensata Technologies

In related news, Director Andrew C. Teich acquired 9,925 shares of Sensata Technologies stock in a transaction on Friday, May 23rd. The shares were bought at an average price of $25.19 per share, for a total transaction of $250,010.75. Following the completion of the purchase, the director directly owned 41,117 shares in the company, valued at $1,035,737.23. This trade represents a 31.82% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.89% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ST has been the topic of several analyst reports. JPMorgan Chase & Co. raised their price objective on Sensata Technologies from $23.00 to $32.00 and gave the stock an "underweight" rating in a report on Thursday, July 17th. Evercore ISI raised their price objective on Sensata Technologies from $27.00 to $30.00 and gave the stock an "in-line" rating in a report on Wednesday, July 30th. UBS Group raised their price objective on Sensata Technologies from $41.00 to $43.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Bank of America raised their price objective on Sensata Technologies from $27.00 to $32.00 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. Finally, Wells Fargo & Company raised their price objective on Sensata Technologies from $30.00 to $33.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Sensata Technologies has an average rating of "Hold" and an average target price of $34.64.

Sensata Technologies Trading Up 1.2%

Shares of NYSE:ST traded up $0.37 during trading on Monday, reaching $32.20. 310,736 shares of the stock were exchanged, compared to its average volume of 1,774,003. The firm's 50-day moving average price is $30.59 and its 200 day moving average price is $27.01. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 42.93, a price-to-earnings-growth ratio of 1.25 and a beta of 1.14. Sensata Technologies Holding N.V. has a 12-month low of $17.32 and a 12-month 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.

Sensata Technologies (NYSE:ST - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The scientific and technical instruments company reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.03. The company had revenue of $943.38 million for the quarter, compared to analysts' expectations of $928.25 million. Sensata Technologies had a return on equity of 16.88% and a net margin of 2.97%. The firm's quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.93 earnings per share. On average, sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders 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 is Wednesday, August 13th. Sensata Technologies's payout ratio is currently 64.00%.

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.