Tudor Investment Corp ET AL Has $6.22 Million Stake in Sensata Technologies Holding N.V. $ST

Key Points

• Tudor Investment Corp ET AL cut its Sensata stake by 55.4% in Q3, selling 252,554 shares and leaving it with 203,613 shares worth about $6.22 million.
• Significant institutional reshuffling occurred—Woodline Partners boosted its stake 165.4% to 4,975,745 shares (~$152.0M) and several other funds opened or increased positions; institutional investors now own 99.42% of the stock.
• Analysts hold a consensus "Hold" rating with a $40.20 target; Sensata slightly beat quarterly EPS estimates ($0.88 vs. $0.86), reported $917.9M revenue, trades near $34.97, and pays a $0.12 quarterly dividend (1.4% yield).

Tudor Investment Corp ET AL decreased its position in Sensata Technologies Holding N.V. (NYSE:ST - Free Report) by 55.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 203,613 shares of the scientific and technical instruments company's stock after selling 252,554 shares during the period. Tudor Investment Corp ET AL owned about 0.14% of Sensata Technologies worth $6,220,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Woodline Partners LP boosted its stake in shares of Sensata Technologies by 165.4% during the 3rd quarter. Woodline Partners LP now owns 4,975,745 shares of the scientific and technical instruments company's stock valued at $152,009,000 after buying an additional 3,100,927 shares during the period. Pzena Investment Management LLC acquired a new stake in shares of Sensata Technologies during the 3rd quarter valued at $22,317,000. First Trust Advisors LP acquired a new stake in shares of Sensata Technologies during the 2nd quarter valued at $21,786,000. Nomura Holdings Inc. acquired a new stake in shares of Sensata Technologies during the 2nd quarter valued at $18,066,000. Finally, Balyasny Asset Management L.P. boosted its stake in shares of Sensata Technologies by 215.9% during the 2nd quarter. Balyasny Asset Management L.P. now owns 821,001 shares of the scientific and technical instruments company's stock valued at $24,720,000 after buying an additional 561,083 shares during the period. Institutional investors and hedge funds own 99.42% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company lifted their target price on shares of Sensata Technologies from $34.00 to $37.00 and gave the company an "equal weight" rating in a research note on Monday, January 12th. JPMorgan Chase & Co. lifted their target price on shares of Sensata Technologies from $32.00 to $34.00 and gave the company an "underweight" rating in a research note on Monday, February 23rd. Bank of America lifted their target price on shares of Sensata Technologies from $37.00 to $40.00 and gave the company a "neutral" rating in a research note on Friday, February 20th. Robert W. Baird raised their price target on shares of Sensata Technologies from $39.00 to $40.00 and gave the company a "neutral" rating in a report on Friday, February 20th. Finally, Truist Financial upped their price objective on shares of Sensata Technologies from $35.00 to $38.00 and gave the stock a "hold" rating in a report on Friday, February 20th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $40.20.

Insider Buying and Selling

In related news, EVP Lynne J. Caljouw sold 2,496 shares of Sensata Technologies stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $37.53, for a total value of $93,674.88. Following the transaction, the executive vice president owned 64,040 shares in the company, valued at $2,403,421.20. This trade represents a 3.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.89% of the stock is owned by company insiders.

Sensata Technologies Price Performance

NYSE ST opened at $34.97 on Wednesday. Sensata Technologies Holding N.V. has a fifty-two week low of $17.32 and a fifty-two week high of $39.09. The stock's 50-day moving average is $35.47 and its two-hundred day moving average is $33.55. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.57 and a quick ratio of 1.78. The firm has a market cap of $5.10 billion, a P/E ratio of 184.04, a price-to-earnings-growth ratio of 1.02 and a beta of 1.14.

Sensata Technologies (NYSE:ST - Get Free Report) last posted its earnings results on Saturday, February 14th. The scientific and technical instruments company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.02. Sensata Technologies had a return on equity of 17.92% and a net margin of 0.83%.The company had revenue of $917.88 million for the quarter, compared to analyst estimates of $911.03 million. During the same period last year, the company earned $0.76 earnings per share. The business's revenue was up 1.1% compared to the same quarter last year. On average, analysts anticipate that Sensata Technologies Holding N.V. will post 3.21 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.4%. The ex-dividend date was Wednesday, February 11th. Sensata Technologies's dividend payout ratio (DPR) is 252.63%.

Sensata Technologies Company Profile

Sensata Technologies Holdings N.V. is a global industrial technology company specializing in the design, development and manufacture of sensors and electrical protection solutions. The company's product portfolio includes pressure, temperature, position, speed, current and magnetic sensors, as well as circuit breakers and other protection devices. Sensata's offerings serve a wide array of end markets, with a particularly strong presence in automotive original equipment manufacturers (OEMs), industrial automation, heating, ventilation and air conditioning (HVAC), commercial aerospace and renewable energy sectors.

Headquartered in Attleboro, Massachusetts, Sensata operates a network of manufacturing and engineering facilities across North America, Europe, Asia Pacific and Latin America.

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