Mackenzie Financial Corp Trims Stock Position in Sensata Technologies Holding N.V. (NYSE:ST)

Key Points

• Mackenzie Financial Corp has reduced its stake in Sensata Technologies by 7.0%, selling 85,000 shares and now holding approximately 0.77% of the company valued at $27.5 million.
• Sensata Technologies reported earnings of $0.87 per share for the most recent quarter, exceeding analysts' estimates, although its revenue was down 8.9% year-over-year at $943.38 million.
• The company declared a quarterly dividend of $0.12 per share, suggesting a dividend yield of 1.47% based on its annualized payout.

Mackenzie Financial Corp lessened its position in shares of Sensata Technologies Holding N.V. (NYSE:ST - Free Report) by 7.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,132,602 shares of the scientific and technical instruments company's stock after selling 85,000 shares during the quarter. Mackenzie Financial Corp owned about 0.77% of Sensata Technologies worth $27,488,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. acquired a new stake in shares of Sensata Technologies in the 4th quarter valued at approximately $27,000. Signaturefd LLC lifted its holdings in shares of 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 buying an additional 933 shares during the period. Parallel Advisors LLC lifted its holdings in shares of 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 buying an additional 1,118 shares during the period. UMB Bank n.a. lifted its holdings in shares of Sensata Technologies by 110.0% in the 1st quarter. UMB Bank n.a. now owns 1,873 shares of the scientific and technical instruments company's stock valued at $45,000 after buying an additional 981 shares during the period. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Sensata Technologies by 83.6% in the 1st quarter. First Horizon Advisors Inc. now owns 2,554 shares of the scientific and technical instruments company's stock valued at $62,000 after buying an additional 1,163 shares during the period. Hedge funds and other institutional investors own 99.42% of the company's stock.

Insider Buying and Selling

In other news, Director Andrew C. Teich bought 9,925 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were bought at an average cost of $25.19 per share, with a total value of $250,010.75. Following the acquisition, the director owned 41,117 shares in the company, valued at $1,035,737.23. This trade represents a 31.82% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.89% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on ST shares. The Goldman Sachs Group upped their price objective on Sensata Technologies from $27.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Wells Fargo & Company lifted their price objective on Sensata Technologies from $30.00 to $33.00 and gave the company an "equal weight" rating in a research report on Wednesday. Bank of America boosted their price target on Sensata Technologies from $27.00 to $32.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Wall Street Zen cut Sensata Technologies from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. Finally, UBS Group boosted their price target on Sensata Technologies from $41.00 to $43.00 and gave the stock a "buy" rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Sensata Technologies currently has an average rating of "Hold" and a consensus target price of $34.64.

Sensata Technologies Stock Down 2.7%

Sensata Technologies stock traded down $0.82 during mid-day trading on Friday, hitting $29.94. 2,416,005 shares of the company's stock were exchanged, compared to its average volume of 1,797,530. The stock has a market cap of $4.36 billion, a P/E ratio of 39.92, a P/E/G ratio of 1.30 and a beta of 1.13. The stock has a 50 day moving average of $29.64 and a two-hundred day moving average of $26.86. Sensata Technologies Holding N.V. has a 1-year low of $17.32 and a 1-year high of $39.04. The company has a current ratio of 2.71, a quick ratio of 1.81 and a debt-to-equity ratio of 1.11.

Sensata Technologies (NYSE:ST - Get Free Report) last released its earnings results on Tuesday, July 29th. The scientific and technical instruments company reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 16.88% and a net margin of 2.97%. The firm's revenue for the quarter was down 8.9% compared to the same quarter last year. During the same period last year, the business earned $0.93 earnings per share. As a group, analysts anticipate that Sensata Technologies Holding N.V. will post 3.21 EPS 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. Investors of record on Wednesday, August 13th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, August 13th. Sensata Technologies's payout ratio is currently 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.