Sensata Technologies Holding N.V. (NYSE:ST) Position Boosted by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH has increased its stake in Sensata Technologies by 49.8%, now owning 502,258 shares valued at approximately $12.19 million.
• Recent analyst activity includes Wells Fargo raising its price target to $30, while Bank of America increased theirs to $32, indicating positive sentiment toward the stock.
• Sensata Technologies also announced a quarterly dividend of $0.12 per share, which reflects an annualized yield of 1.46%.

Allianz Asset Management GmbH boosted its stake in Sensata Technologies Holding N.V. (NYSE:ST - Free Report) by 49.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 502,258 shares of the scientific and technical instruments company's stock after acquiring an additional 166,879 shares during the period. Allianz Asset Management GmbH owned 0.34% of Sensata Technologies worth $12,190,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ST. Brown Brothers Harriman & Co. purchased a new stake in shares of Sensata Technologies during the 4th quarter worth approximately $27,000. Signaturefd LLC boosted its stake in shares of Sensata Technologies by 515.5% during the 1st quarter. Signaturefd LLC now owns 1,114 shares of the scientific and technical instruments company's stock worth $27,000 after acquiring an additional 933 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Sensata Technologies by 278.8% during the 1st quarter. Parallel Advisors LLC now owns 1,519 shares of the scientific and technical instruments company's stock worth $37,000 after acquiring an additional 1,118 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Sensata Technologies by 110.0% during the 1st quarter. UMB Bank n.a. now owns 1,873 shares of the scientific and technical instruments company's stock worth $45,000 after acquiring an additional 981 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in shares of Sensata Technologies by 83.6% during the 1st quarter. First Horizon Advisors Inc. now owns 2,554 shares of the scientific and technical instruments company's stock worth $62,000 after acquiring an additional 1,163 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company's stock.

Insider Activity at Sensata Technologies

In other news, Director Andrew C. Teich acquired 9,925 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was acquired at an average cost of $25.19 per share, for a total transaction of $250,010.75. Following the acquisition, the director directly owned 41,117 shares in the company, valued at approximately $1,035,737.23. This represents a 31.82% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.89% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price target on Sensata Technologies from $23.00 to $32.00 and gave the stock an "underweight" rating in a research note on Thursday, July 17th. Bank of America upped their target price on Sensata Technologies from $27.00 to $32.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. UBS Group upped their target price on Sensata Technologies from $34.00 to $41.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Evercore ISI lowered Sensata Technologies from an "outperform" rating to an "inline" rating and reduced their target price for the company from $40.00 to $27.00 in a research note on Thursday, April 3rd. Finally, Wall Street Zen lowered Sensata Technologies from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. One investment analyst has rated the stock with a sell rating, seven have issued 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 an average price target of $33.73.

Sensata Technologies Trading Down 2.5%

ST traded down $0.83 during trading on Tuesday, hitting $32.11. The company's stock had a trading volume of 270,001 shares, compared to its average volume of 1,756,048. The firm's 50 day moving average price is $29.30 and its 200-day moving average price is $26.76. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.64 and a quick ratio of 1.81. The stock has a market cap of $4.70 billion, a PE ratio of 39.64, a PEG ratio of 1.37 and a beta of 1.13. Sensata Technologies Holding N.V. has a twelve month low of $17.32 and a twelve month high of $39.46.

Sensata Technologies (NYSE:ST - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The scientific and technical instruments company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.06. The company had revenue of $911.26 million during the quarter, compared to the consensus estimate of $878.39 million. Sensata Technologies had a return on equity of 17.12% and a net margin of 3.19%. Sensata Technologies's revenue was down 9.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.89 EPS. On average, analysts expect that Sensata Technologies Holding N.V. will post 3.21 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, August 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.50%. Sensata Technologies's payout ratio is 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.