Edgestream Partners L.P. Acquires 17,440 Shares of Sensata Technologies Holding N.V. (NYSE:ST)

Edgestream Partners L.P. lifted its stake in Sensata Technologies Holding N.V. (NYSE:ST - Free Report) by 24.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 88,626 shares of the scientific and technical instruments company's stock after purchasing an additional 17,440 shares during the quarter. Edgestream Partners L.P. owned about 0.06% of Sensata Technologies worth $2,151,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ST. Janus Henderson Group PLC lifted its stake in shares of 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 worth $267,621,000 after purchasing an additional 44,233 shares during 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. Dimensional Fund Advisors LP increased its position in Sensata Technologies by 12.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,808,186 shares of the scientific and technical instruments company's stock valued at $159,143,000 after buying an additional 648,028 shares in the last quarter. 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. Finally, Eminence Capital LP increased its holdings in shares of Sensata Technologies by 25.2% in the fourth 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 period. Hedge funds and other institutional investors own 99.42% of the company's stock.

Insiders Place Their Bets

In other news, Director Andrew C. Teich acquired 9,925 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was bought at an average price of $25.19 per share, with a total value of $250,010.75. Following the transaction, the director directly owned 41,117 shares in the company, valued at approximately $1,035,737.23. The trade was a 31.82% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.89% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ST. The Goldman Sachs Group upped their target price on Sensata Technologies from $27.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. raised their target price on Sensata Technologies from $23.00 to $32.00 and gave the company an "underweight" rating in a research report on Thursday. Evercore ISI cut Sensata Technologies from an "outperform" rating to an "inline" rating and cut their price target for the company from $40.00 to $27.00 in a report on Thursday, April 3rd. Wall Street Zen cut Sensata Technologies from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. Finally, Bank of America lifted their target price on Sensata Technologies from $27.00 to $32.00 and gave the company a "neutral" rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $35.50.

Sensata Technologies Stock Up 1.4%

ST stock opened at $31.52 on Friday. The firm has a market cap of $4.61 billion, a PE ratio of 38.91, a PEG ratio of 1.31 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 $42.29. The company has a current ratio of 2.64, a quick ratio of 1.81 and a debt-to-equity ratio of 1.12. The company has a fifty day simple moving average of $28.59 and a 200 day simple moving average of $26.55.

Sensata Technologies (NYSE:ST - Get Free Report) last posted its earnings results on Thursday, May 8th. The scientific and technical instruments company reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.06. The business had revenue of $911.26 million for the quarter, compared to analysts' expectations of $878.39 million. Sensata Technologies had a net margin of 3.19% and a return on equity of 17.12%. The firm's revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 earnings per share. Sell-side analysts anticipate that Sensata Technologies Holding N.V. will post 3.21 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

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. This represents a $0.48 annualized dividend and a yield of 1.52%. Sensata Technologies's dividend payout ratio (DPR) is presently 59.26%.

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.

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