Natixis Advisors LLC Has $1.35 Million Stock Holdings in Sensata Technologies Holding N.V. (NYSE:ST)

Key Points

• Natixis Advisors LLC reduced its holdings in Sensata Technologies Holding N.V. by 47.2% in Q1, maintaining a position worth approximately $1.35 million after selling nearly 50,000 shares.
• Several other hedge funds have significantly increased their holdings, with Signaturefd LLC raising its stake by 515.5% and CWM LLC boosting holdings by 989.5%.
• Analysts have revised Sensata's price target upwards, with JPMorgan raising its target from $23 to $32, indicating a general consensus of "Hold" and an average target price of $34.64.

Natixis Advisors LLC cut its stake in Sensata Technologies Holding N.V. (NYSE:ST - Free Report) by 47.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,518 shares of the scientific and technical instruments company's stock after selling 49,565 shares during the quarter. Natixis Advisors LLC's holdings in Sensata Technologies were worth $1,348,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Bayforest Capital Ltd acquired a new stake in shares of Sensata Technologies during the first quarter worth about $388,000. LPL Financial LLC increased its stake in Sensata Technologies by 35.6% during the 1st quarter. LPL Financial LLC now owns 63,823 shares of the scientific and technical instruments company's stock worth $1,549,000 after purchasing an additional 16,767 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Sensata Technologies by 5.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,267 shares of the scientific and technical instruments company's stock worth $929,000 after buying an additional 1,871 shares during the period. Heartland Advisors Inc. lifted its stake in Sensata Technologies by 114.7% in the first quarter. Heartland Advisors Inc. now owns 107,325 shares of the scientific and technical instruments company's stock valued at $2,605,000 after buying an additional 57,325 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in Sensata Technologies by 29.4% in the first quarter. Assetmark Inc. now owns 3,543 shares of the scientific and technical instruments company's stock valued at $86,000 after buying an additional 806 shares in the last quarter. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Sensata Technologies news, Director Andrew C. Teich acquired 9,925 shares of the company's stock in a transaction on Friday, May 23rd. The shares were purchased 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 of the company's stock, valued at approximately $1,035,737.23. This represents a 31.82% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.89% of the stock is currently owned by company insiders.

Sensata Technologies Stock Up 6.1%

Shares of Sensata Technologies stock traded up $1.92 on Wednesday, reaching $33.13. 2,444,770 shares of the company were exchanged, compared to its average volume of 1,790,702. The company has a market capitalization of $4.82 billion, a price-to-earnings ratio of 44.17, a PEG ratio of 1.16 and a beta of 1.14. The company has a current ratio of 2.71, a quick ratio of 1.94 and a debt-to-equity ratio of 1.11. Sensata Technologies Holding N.V. has a one year low of $17.32 and a one year high of $39.04. The company has a 50-day moving average of $30.25 and a 200 day moving average of $26.92.

Sensata Technologies (NYSE:ST - Get Free Report) last posted its quarterly 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. Sensata Technologies had a net margin of 2.97% and a return on equity of 16.88%. The firm had revenue of $943.38 million for the quarter, compared to analyst estimates of $928.25 million. During the same period in the prior year, the firm posted $0.93 earnings per share. The company's quarterly revenue was down 8.9% compared to the same quarter last year. On average, equities research analysts forecast that Sensata Technologies Holding N.V. will post 3.21 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, August 13th. Sensata Technologies's payout ratio is 64.00%.

Analysts Set New Price Targets

A number of brokerages recently commented on ST. Wells Fargo & Company raised their price objective on shares of Sensata Technologies from $30.00 to $33.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 30th. UBS Group lifted their price target on Sensata Technologies from $41.00 to $43.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Wall Street Zen raised Sensata Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Robert W. Baird decreased their price objective on Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Finally, Truist Financial boosted their target price on Sensata Technologies from $27.00 to $35.00 and gave the company a "hold" rating in a research note on Wednesday, July 30th. One equities research 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. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price 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.