Victory Capital Management Inc. Has $67.53 Million Position in Sensata Technologies Holding N.V. (NYSE:ST)

Victory Capital Management Inc. grew its holdings in Sensata Technologies Holding N.V. (NYSE:ST - Free Report) by 24.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,782,600 shares of the scientific and technical instruments company's stock after purchasing an additional 551,231 shares during the quarter. Victory Capital Management Inc. owned approximately 1.86% of Sensata Technologies worth $67,534,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Brown Brothers Harriman & Co. bought a new position in shares of Sensata Technologies in the 4th quarter worth $27,000. Signaturefd LLC boosted its holdings in Sensata Technologies by 515.5% during the first quarter. Signaturefd LLC now owns 1,114 shares of the scientific and technical instruments company's stock worth $27,000 after buying an additional 933 shares during the last quarter. Parallel Advisors LLC grew its position 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 buying an additional 1,118 shares during the period. UMB Bank n.a. grew its position 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 buying an additional 981 shares during the period. Finally, First Horizon Advisors Inc. raised its position 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 acquiring an additional 1,163 shares during the period. Institutional investors own 99.42% of the company's stock.

Insider Activity

In other news, Director Andrew C. Teich purchased 9,925 shares of the company's stock in a transaction on Friday, May 23rd. The shares were purchased at an average cost of $25.19 per share, with a total value of $250,010.75. Following the completion of the transaction, the director owned 41,117 shares of the company's stock, valued at $1,035,737.23. The trade was a 31.82% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.89% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ST. Wells Fargo & Company upped their target price on shares of Sensata Technologies from $26.00 to $30.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 1st. Evercore ISI lowered Sensata Technologies from an "outperform" rating to an "inline" rating and reduced their target price for the stock from $40.00 to $27.00 in a report on Thursday, April 3rd. JPMorgan Chase & Co. boosted their target price on Sensata Technologies from $23.00 to $32.00 and gave the company an "underweight" rating in a research note on Thursday. UBS Group raised their price target on Sensata Technologies from $34.00 to $41.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Wall Street Zen cut Sensata Technologies from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Sensata Technologies currently has an average rating of "Hold" and a consensus price target of $35.50.

Sensata Technologies Stock Up 0.2%

Shares of NYSE ST traded up $0.05 during midday trading on Friday, reaching $31.56. The company's stock had a trading volume of 1,212,520 shares, compared to its average volume of 1,650,302. The stock has a 50 day simple moving average of $28.59 and a 200-day simple moving average of $26.55. The company has a current ratio of 2.64, a quick ratio of 1.81 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 38.96, a PEG ratio of 1.33 and a beta of 1.13. Sensata Technologies Holding N.V. has a fifty-two week low of $17.32 and a fifty-two week high of $41.04.

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 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 3.19% and a return on equity of 17.12%. The company's quarterly revenue was down 9.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 EPS. Equities research analysts predict 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 disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Wednesday, August 13th. Sensata Technologies's dividend payout ratio is currently 59.26%.

Sensata Technologies 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.