Mackenzie Financial Corp Lowers Stock Holdings 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 reduced its holdings in shares of Sensata Technologies Holding N.V. (NYSE:ST - Free Report) by 7.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,132,602 shares of the scientific and technical instruments company's stock after selling 85,000 shares during the period. Mackenzie Financial Corp owned about 0.77% of Sensata Technologies worth $27,488,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in ST. LPL Financial LLC lifted its holdings 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 valued at $1,549,000 after purchasing an additional 16,767 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted 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 valued at $929,000 after purchasing an additional 1,871 shares during the last quarter. Heartland Advisors Inc. lifted its holdings in Sensata Technologies by 114.7% during the 1st quarter. Heartland Advisors Inc. now owns 107,325 shares of the scientific and technical instruments company's stock valued at $2,605,000 after purchasing an additional 57,325 shares during the last quarter. Assetmark Inc. lifted its holdings in Sensata Technologies by 29.4% during the 1st quarter. Assetmark Inc. now owns 3,543 shares of the scientific and technical instruments company's stock valued at $86,000 after purchasing an additional 806 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in Sensata Technologies by 35.6% during the 1st quarter. Cetera Investment Advisers now owns 20,937 shares of the scientific and technical instruments company's stock valued at $508,000 after purchasing an additional 5,495 shares during the last quarter. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on ST. Bank of America boosted their target price on shares of Sensata Technologies from $27.00 to $32.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. Wall Street Zen upgraded shares of Sensata Technologies from a "hold" rating to a "buy" rating in a research report on Saturday. Truist Financial lifted their price target on shares of Sensata Technologies from $27.00 to $35.00 and gave the stock a "hold" rating in a research report on Wednesday. Wells Fargo & Company lifted their price target on shares of Sensata Technologies from $30.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Finally, The Goldman Sachs Group lifted their price target on shares of Sensata Technologies from $27.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Sensata Technologies currently has a consensus rating of "Hold" and a consensus price target of $34.64.

Insider Transactions at Sensata Technologies

In related news, Director Andrew C. Teich purchased 9,925 shares of the business's stock in a transaction that occurred on 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 of the company's stock, valued at $1,035,737.23. This represents a 31.82% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.89% of the stock is owned by corporate insiders.

Sensata Technologies Trading Down 2.7%

NYSE ST traded down $0.82 during trading hours on Friday, reaching $29.94. The company's stock had a trading volume of 2,416,005 shares, compared to its average volume of 1,661,979. The firm has a fifty day simple moving average of $29.73 and a 200-day simple moving average of $26.87. The stock has a market cap of $4.36 billion, a P/E ratio of 39.92, a P/E/G ratio of 1.22 and a beta of 1.13. Sensata Technologies Holding N.V. has a 52 week low of $17.32 and a 52 week high of $39.04. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.71 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 (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 during the quarter, compared to analyst estimates of $928.25 million. During the same quarter last year, the business earned $0.93 EPS. The company's revenue was down 8.9% compared to the same quarter last year. Equities analysts forecast that Sensata Technologies Holding N.V. will post 3.21 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, August 13th. Sensata Technologies's payout ratio is currently 64.00%.

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.