Wealthedge Investment Advisors LLC reduced its position in Sensata Technologies Holding N.V. (NYSE:ST - Free Report) by 40.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,956 shares of the scientific and technical instruments company's stock after selling 20,562 shares during the period. Wealthedge Investment Advisors LLC's holdings in Sensata Technologies were worth $727,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Treasurer of the State of North Carolina increased its position in shares of Sensata Technologies by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 65,706 shares of the scientific and technical instruments company's stock valued at $1,800,000 after purchasing an additional 420 shares during the last quarter. Alps Advisors Inc. increased its holdings in Sensata Technologies by 1.8% in the 1st quarter. Alps Advisors Inc. now owns 31,389 shares of the scientific and technical instruments company's stock worth $762,000 after acquiring an additional 566 shares during the last quarter. NorthCrest Asset Manangement LLC increased its holdings in Sensata Technologies by 6.1% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 13,724 shares of the scientific and technical instruments company's stock worth $333,000 after acquiring an additional 790 shares during the last quarter. Assetmark Inc. increased its holdings in Sensata Technologies by 29.4% in the 1st quarter. Assetmark Inc. now owns 3,543 shares of the scientific and technical instruments company's stock worth $86,000 after acquiring an additional 806 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in Sensata Technologies by 515.5% in 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 during the last quarter. 99.42% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several brokerages recently weighed in on ST. UBS Group lifted their price objective on Sensata Technologies from $41.00 to $43.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Bank of America lifted their price objective on Sensata Technologies from $27.00 to $32.00 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. Wells Fargo & Company lifted their price objective on Sensata Technologies from $30.00 to $33.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 30th. The Goldman Sachs Group raised their target price on Sensata Technologies from $27.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Finally, Evercore ISI raised their target price on Sensata Technologies from $27.00 to $30.00 and gave the stock an "in-line" rating in a research note on Wednesday, July 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Sensata Technologies has a consensus rating of "Hold" and a consensus price target of $34.64.
Read Our Latest Analysis on ST
Insiders Place Their Bets
In other news, Director Andrew C. Teich bought 9,925 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The stock was bought at an average price of $25.19 per share, for a total transaction of $250,010.75. Following the transaction, the director directly owned 41,117 shares of the company's stock, valued at $1,035,737.23. This represents a 31.82% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.89% of the stock is owned by insiders.
Sensata Technologies Stock Performance
Shares of ST opened at $32.47 on Friday. The company has a market cap of $4.73 billion, a PE ratio of 43.29, a price-to-earnings-growth ratio of 1.30 and a beta of 1.14. The company has a current ratio of 2.71, a quick ratio of 1.94 and a debt-to-equity ratio of 1.11. The stock has a 50-day moving average price of $30.50 and a 200-day moving average price of $26.99. Sensata Technologies Holding N.V. has a 12-month low of $17.32 and a 12-month high of $39.04.
Sensata Technologies (NYSE:ST - Get Free Report) last released its earnings results on Tuesday, July 29th. The scientific and technical instruments company reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.03. The company had revenue of $943.38 million during the quarter, compared to the consensus estimate of $928.25 million. Sensata Technologies had a return on equity of 16.88% and a net margin of 2.97%. Sensata Technologies's quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS. As a group, equities analysts forecast 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 will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be given a $0.12 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $0.48 dividend on an annualized basis and a yield of 1.5%. Sensata Technologies's payout ratio is presently 64.00%.
About Sensata Technologies
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding ST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sensata Technologies Holding N.V. (NYSE:ST - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Sensata Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sensata Technologies wasn't on the list.
While Sensata Technologies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access