Heartland Advisors Inc. Increases Stock Position in Sensata Technologies Holding N.V. (NYSE:ST)

Key Points

• Heartland Advisors Inc. increased its holdings in Sensata Technologies by 114.7%, acquiring an additional 57,325 shares to own a total of 107,325 shares worth approximately $2.61 million.
• Sensata Technologies reported a quarterly earnings per share of $0.78, exceeding analysts' estimates of $0.72, although revenue decreased by 9.5% year-over-year.
• The company announced a quarterly dividend of $0.12 per share, representing a 1.46% dividend yield with a payout ratio of 59.26%.

Heartland Advisors Inc. boosted its holdings in shares of Sensata Technologies Holding N.V. (NYSE:ST - Free Report) by 114.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,325 shares of the scientific and technical instruments company's stock after purchasing an additional 57,325 shares during the period. Heartland Advisors Inc. owned 0.07% of Sensata Technologies worth $2,605,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ST. Brown Brothers Harriman & Co. bought a new stake in Sensata Technologies during the fourth quarter worth about $27,000. Signaturefd LLC grew its position in shares of Sensata Technologies by 515.5% in the first 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. Parallel Advisors LLC grew its position in Sensata Technologies by 278.8% during the first quarter. Parallel Advisors LLC now owns 1,519 shares of the scientific and technical instruments company's stock worth $37,000 after buying an additional 1,118 shares in the last quarter. UMB Bank n.a. grew its position in 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 buying an additional 981 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its position in 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 buying an additional 1,163 shares in the last quarter. 99.42% of the stock is owned by institutional investors and hedge funds.

Sensata Technologies Stock Performance

Sensata Technologies stock traded down $1.42 during midday trading on Wednesday, reaching $31.09. 1,667,430 shares of the company traded hands, compared to its average volume of 1,769,544. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of 38.36, a price-to-earnings-growth ratio of 1.37 and a beta of 1.13. The business has a 50 day moving average of $29.42 and a two-hundred day moving average of $26.80. Sensata Technologies Holding N.V. has a 12 month low of $17.32 and a 12 month 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.

Sensata Technologies (NYSE:ST - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The scientific and technical instruments company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.03. The business had revenue of $943.38 million for the quarter, compared to the consensus estimate of $928.25 million. Sensata Technologies had a net margin of 3.19% and a return on equity of 17.12%. The company's quarterly revenue was down 8.9% on a year-over-year basis. During the same period last year, the firm earned $0.93 earnings per share. As a group, research analysts predict that Sensata Technologies Holding N.V. will post 3.21 earnings per share for the current year.

Sensata Technologies Announces Dividend

The firm 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 $0.12 dividend. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.54%. Sensata Technologies's payout ratio is currently 59.26%.

Insider Activity at Sensata Technologies

In other news, Director Andrew C. Teich bought 9,925 shares of the stock in a transaction dated Friday, May 23rd. The stock was purchased at an average price of $25.19 per share, for a total transaction of $250,010.75. Following the acquisition, the director owned 41,117 shares of the company's stock, valued at $1,035,737.23. The trade was a 31.82% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.89% of the stock is owned by insiders.

Analyst Ratings Changes

ST has been the subject of a number of research reports. Robert W. Baird dropped their price target on Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. The Goldman Sachs Group raised their target price on Sensata Technologies from $27.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Truist Financial increased their price target on Sensata Technologies from $27.00 to $35.00 and gave the stock a "hold" rating in a report on Wednesday. Wall Street Zen downgraded Sensata Technologies from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. Finally, Evercore ISI raised their target price on Sensata Technologies from $27.00 to $30.00 and gave the company an "in-line" rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $34.64.

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.