Regents Gate Capital LLP reduced its stake in Sensata Technologies Holding N.V. (NYSE:ST – Free Report) by 18.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 135,714 shares of the scientific and technical instruments company’s stock after selling 31,140 shares during the quarter. Sensata Technologies comprises 1.4% of Regents Gate Capital LLP’s holdings, making the stock its 24th largest holding. Regents Gate Capital LLP’s holdings in Sensata Technologies were worth $4,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently added to or reduced their stakes in ST. Goldman Sachs Group Inc. lifted its stake in Sensata Technologies by 107.8% in the first quarter. Goldman Sachs Group Inc. now owns 419,137 shares of the scientific and technical instruments company’s stock valued at $10,172,000 after buying an additional 217,418 shares during the period. United Services Automobile Association acquired a new position in Sensata Technologies in the first quarter valued at approximately $246,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Sensata Technologies by 12.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 505,957 shares of the scientific and technical instruments company’s stock valued at $12,280,000 after buying an additional 55,045 shares during the period. Cetera Investment Advisers lifted its stake in Sensata Technologies by 11.8% in the second quarter. Cetera Investment Advisers now owns 23,409 shares of the scientific and technical instruments company’s stock valued at $705,000 after buying an additional 2,472 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Sensata Technologies in the second quarter valued at approximately $750,000. 99.42% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts have issued reports on ST shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Sensata Technologies in a research note on Friday, May 29th. Bank of America boosted their price target on 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 boosted their price target on Sensata Technologies from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. UBS Group reissued a “buy” rating and issued a $57.00 price target on shares of Sensata Technologies in a research note on Tuesday, June 2nd. Finally, Barclays downgraded Sensata Technologies from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $49.00 to $53.00 in a report on Friday, May 29th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Sensata Technologies presently has an average rating of “Hold” and a consensus target price of $47.70.
Sensata Technologies Trading Up 6.2%
NYSE ST opened at $49.93 on Friday. The company has a market cap of $7.26 billion, a price-to-earnings ratio of 161.07, a P/E/G ratio of 1.36 and a beta of 1.26. Sensata Technologies Holding N.V. has a 52 week low of $26.95 and a 52 week high of $53.89. The business has a 50 day moving average price of $44.26 and a 200-day moving average price of $38.10. The company has a quick ratio of 1.95, a current ratio of 2.75 and a debt-to-equity ratio of 1.00.
Sensata Technologies (NYSE:ST – Get Free Report) last released its quarterly earnings data on Tuesday, March 31st. The scientific and technical instruments company reported $0.86 EPS for the quarter. The firm 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%. As a group, equities analysts expect that Sensata Technologies Holding N.V. will post 3.73 earnings per share for the current fiscal year.
Sensata Technologies Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were issued a dividend of $0.12 per share. The ex-dividend date was Wednesday, May 13th. This represents a $0.48 annualized dividend and a yield of 1.0%. Sensata Technologies’s dividend payout ratio is 154.84%.
Insider Buying and Selling at Sensata Technologies
In related news, EVP Lynne J. Caljouw sold 2,913 shares of the company’s stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $34.71, for a total transaction of $101,110.23. Following the completion of the sale, the executive vice president owned 72,842 shares in the company, valued at approximately $2,528,345.82. This represents a 3.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP David K. Stott sold 6,335 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $47.40, for a total value of $300,279.00. Following the sale, the executive vice president owned 39,687 shares of the company’s stock, valued at $1,881,163.80. This trade represents a 13.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 11,728 shares of company stock valued at $486,949 in the last quarter. 0.65% of the stock is currently owned by corporate insiders.
About Sensata Technologies
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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