JPMorgan Chase & Co. Sells 56,515 Shares of Sensata Technologies Holding N.V. $ST

Key Points

• JPMorgan Chase & Co. cut its stake in Sensata Technologies by 14.7%, selling 56,515 shares and now holds 326,822 shares (about a 0.22% stake) valued at roughly $9.98 million.
• Analysts are mixed — four Buy, six Hold and one Sell — leaving a consensus rating of Hold with a consensus target price of $40.20, while several brokers have recently raised price targets (e.g., Barclays to $44, BofA to $40).
• Sensata slightly beat quarterly estimates with $0.88 EPS vs. $0.86 and $917.9M revenue, has a market cap near $5.08 billion, and declared a $0.12 quarterly dividend (annualized $0.48, ~1.4% yield) despite a high payout ratio (~252%).

JPMorgan Chase & Co. cut its stake in shares of Sensata Technologies Holding N.V. (NYSE:ST - Free Report) by 14.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 326,822 shares of the scientific and technical instruments company's stock after selling 56,515 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.22% of Sensata Technologies worth $9,984,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Quadrant Capital Group LLC grew its stake in Sensata Technologies by 3.8% in the third quarter. Quadrant Capital Group LLC now owns 10,981 shares of the scientific and technical instruments company's stock worth $335,000 after purchasing an additional 397 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Sensata Technologies by 4.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 9,338 shares of the scientific and technical instruments company's stock worth $285,000 after purchasing an additional 426 shares during the period. True Wealth Design LLC raised its position in Sensata Technologies by 62.6% during the 3rd quarter. True Wealth Design LLC now owns 1,135 shares of the scientific and technical instruments company's stock valued at $35,000 after purchasing an additional 437 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its holdings in shares of Sensata Technologies by 6.6% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 7,092 shares of the scientific and technical instruments company's stock worth $217,000 after buying an additional 438 shares during the period. Finally, Legacy Wealth Asset Management LLC lifted its holdings in shares of Sensata Technologies by 3.1% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 14,912 shares of the scientific and technical instruments company's stock worth $456,000 after buying an additional 450 shares during the period. Hedge funds and other institutional investors own 99.42% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on ST. Barclays raised their price target on Sensata Technologies from $40.00 to $44.00 and gave the company an "overweight" rating in a research note on Thursday, February 26th. Wells Fargo & Company upped their price objective on shares of Sensata Technologies from $34.00 to $37.00 and gave the stock an "equal weight" rating in a research note on Monday, January 12th. JPMorgan Chase & Co. increased their target price on shares of Sensata Technologies from $32.00 to $34.00 and gave the stock an "underweight" rating in a report on Monday, February 23rd. Bank of America raised their target price on shares of Sensata Technologies from $37.00 to $40.00 and gave the company a "neutral" rating in a research report on Friday, February 20th. Finally, Wall Street Zen upgraded shares of Sensata Technologies from a "hold" rating to a "buy" rating in a report on Sunday, March 1st. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Sensata Technologies presently has an average rating of "Hold" and a consensus target price of $40.20.

Sensata Technologies Trading Down 2.0%

ST opened at $34.83 on Friday. The company has a current ratio of 2.57, a quick ratio of 1.78 and a debt-to-equity ratio of 1.02. The firm has a market cap of $5.08 billion, a price-to-earnings ratio of 183.32, a PEG ratio of 1.02 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 $39.09. The stock has a fifty day moving average price of $35.50 and a 200-day moving average price of $33.38.

Sensata Technologies (NYSE:ST - Get Free Report) last issued its quarterly earnings data on Saturday, February 14th. The scientific and technical instruments company reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.86 by $0.02. Sensata Technologies had a return on equity of 17.92% and a net margin of 0.83%.The company had revenue of $917.88 million for the quarter, compared to the consensus estimate of $911.03 million. During the same quarter last year, the company earned $0.76 earnings per share. The firm's revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, equities research 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 company also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 11th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Wednesday, February 11th. Sensata Technologies's dividend payout ratio (DPR) is currently 252.63%.

Insider Activity

In other news, EVP Lynne J. Caljouw sold 2,496 shares of Sensata Technologies stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $37.53, for a total value of $93,674.88. Following the transaction, the executive vice president owned 64,040 shares of the company's stock, valued at $2,403,421.20. The trade was a 3.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.89% of the stock is currently owned by insiders.

Sensata Technologies Company Profile

Sensata Technologies Holdings N.V. is a global industrial technology company specializing in the design, development and manufacture of sensors and electrical protection solutions. The company's product portfolio includes pressure, temperature, position, speed, current and magnetic sensors, as well as circuit breakers and other protection devices. Sensata's offerings serve a wide array of end markets, with a particularly strong presence in automotive original equipment manufacturers (OEMs), industrial automation, heating, ventilation and air conditioning (HVAC), commercial aerospace and renewable energy sectors.

Headquartered in Attleboro, Massachusetts, Sensata operates a network of manufacturing and engineering facilities across North America, Europe, Asia Pacific and Latin America.

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