Convergence Investment Partners LLC Purchases 23,805 Shares of Sensata Technologies Holding N.V. $ST

Convergence Investment Partners LLC grew its position in Sensata Technologies Holding N.V. (NYSE:STFree Report) by 58.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 64,245 shares of the scientific and technical instruments company’s stock after buying an additional 23,805 shares during the period. Convergence Investment Partners LLC’s holdings in Sensata Technologies were worth $2,263,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Janus Henderson Group PLC lifted its stake in shares of Sensata Technologies by 2.3% during the fourth quarter. Janus Henderson Group PLC now owns 10,289,698 shares of the scientific and technical instruments company’s stock valued at $342,544,000 after acquiring an additional 230,113 shares during the period. Dimensional Fund Advisors LP increased its position in Sensata Technologies by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 7,391,230 shares of the scientific and technical instruments company’s stock worth $260,302,000 after purchasing an additional 125,127 shares during the period. Woodline Partners LP increased its position in Sensata Technologies by 165.4% in the third quarter. Woodline Partners LP now owns 4,975,745 shares of the scientific and technical instruments company’s stock worth $152,009,000 after purchasing an additional 3,100,927 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Sensata Technologies by 28.7% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,313,603 shares of the scientific and technical instruments company’s stock worth $143,600,000 after purchasing an additional 961,457 shares during the last quarter. Finally, Pzena Investment Management LLC raised its holdings in Sensata Technologies by 380.4% during the 4th quarter. Pzena Investment Management LLC now owns 3,509,416 shares of the scientific and technical instruments company’s stock worth $116,828,000 after purchasing an additional 2,778,918 shares during the last quarter. Institutional investors own 99.42% of the company’s stock.

Insider Transactions at Sensata Technologies

In other Sensata Technologies news, EVP David K. Stott sold 6,335 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $47.40, for a total value of $300,279.00. Following the completion of the sale, the executive vice president owned 39,687 shares of the company’s stock, valued at approximately $1,881,163.80. This represents a 13.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ST. Barclays lowered shares of Sensata Technologies from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $49.00 to $53.00 in a research note on Friday, May 29th. Weiss Ratings raised shares of Sensata Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 30th. Truist Financial upgraded shares of Sensata Technologies from a “hold” rating to a “buy” rating and increased their price objective for the company from $43.00 to $58.00 in a report on Wednesday, May 13th. UBS Group reaffirmed a “buy” rating and issued a $57.00 price objective on shares of Sensata Technologies in a research note on Tuesday, June 2nd. Finally, The Goldman Sachs Group lifted their target price on shares of Sensata Technologies from $48.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $48.60.

Check Out Our Latest Stock Analysis on Sensata Technologies

Sensata Technologies Trading Down 0.9%

NYSE:ST opened at $44.66 on Tuesday. The company has a current ratio of 2.75, a quick ratio of 1.95 and a debt-to-equity ratio of 1.00. Sensata Technologies Holding N.V. has a 1-year low of $28.16 and a 1-year high of $53.89. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of 144.07, a PEG ratio of 1.29 and a beta of 1.27. The business’s 50-day moving average price is $48.10 and its two-hundred day moving average price is $40.72.

Sensata Technologies (NYSE:STGet Free Report) last posted its earnings results on Tuesday, March 31st. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter. The company had revenue of $934.80 million during the quarter. Sensata Technologies had a return on equity of 18.23% and a net margin of 1.28%. On average, equities analysts expect that Sensata Technologies Holding N.V. will post 3.73 earnings per share for the current year.

About Sensata Technologies

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Sensata Technologies (NYSE:ST)

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