Summit Trail Advisors LLC Acquires New Position in Sensata Technologies Holding N.V. (NYSE:ST)

Summit Trail Advisors LLC acquired a new position in shares of Sensata Technologies Holding N.V. (NYSE:ST - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 46,540 shares of the scientific and technical instruments company's stock, valued at approximately $1,130,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. purchased a new stake in shares of Sensata Technologies in the fourth quarter valued at about $27,000. Parallel Advisors LLC lifted its stake in 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 in the last quarter. UMB Bank n.a. grew its holdings in 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 valued at $45,000 after buying an additional 981 shares during the last quarter. GAMMA Investing LLC increased its position in Sensata Technologies by 578.0% during the first quarter. GAMMA Investing LLC now owns 2,922 shares of the scientific and technical instruments company's stock worth $71,000 after buying an additional 2,491 shares in the last quarter. Finally, Headlands Technologies LLC raised its holdings in shares of Sensata Technologies by 524.8% in the fourth quarter. Headlands Technologies LLC now owns 2,768 shares of the scientific and technical instruments company's stock worth $76,000 after acquiring an additional 2,325 shares during the last quarter. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Andrew C. Teich purchased 9,925 shares of the firm's stock in a transaction that occurred on 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 completion of the purchase, the director owned 41,117 shares of the company's stock, valued at approximately $1,035,737.23. This trade represents a 31.82% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.89% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on ST shares. The Goldman Sachs Group lifted their price objective on Sensata Technologies from $27.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Wells Fargo & Company lifted their price target on shares of Sensata Technologies from $26.00 to $30.00 and gave the stock an "equal weight" rating in a report on Tuesday. Evercore ISI downgraded shares of Sensata Technologies from an "outperform" rating to an "inline" rating and reduced their price objective for the company from $40.00 to $27.00 in a research note on Thursday, April 3rd. Robert W. Baird lowered their target price on shares of Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Finally, JPMorgan Chase & Co. decreased their price objective on Sensata Technologies from $27.00 to $21.00 and set an "underweight" rating on the stock in a report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Sensata Technologies has an average rating of "Hold" and a consensus target price of $34.42.

Sensata Technologies Stock Up 3.2%

Shares of ST traded up $1.00 during midday trading on Wednesday, reaching $32.08. 2,455,374 shares of the company were exchanged, compared to its average volume of 1,670,929. The company has a market cap of $4.69 billion, a price-to-earnings ratio of 39.61, a P/E/G ratio of 1.30 and a beta of 1.13. The company has a current ratio of 2.64, a quick ratio of 1.81 and a debt-to-equity ratio of 1.12. Sensata Technologies Holding N.V. has a 1-year low of $17.32 and a 1-year high of $42.33. The stock has a 50-day moving average price of $26.11 and a 200-day moving average price of $26.21.

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

Sensata Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend was Wednesday, May 14th. Sensata Technologies's payout ratio is currently 59.26%.

Sensata Technologies Company 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.