Oppenheimer & Co. Inc. reduced its holdings in Sensata Technologies Holding PLC (NYSE:ST) by 8.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,110 shares of the scientific and technical instruments company’s stock after selling 963 shares during the period. Oppenheimer & Co. Inc.’s holdings in Sensata Technologies were worth $500,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. BTIM Corp. lifted its position in Sensata Technologies by 17.6% during the first quarter. BTIM Corp. now owns 275,615 shares of the scientific and technical instruments company’s stock worth $12,409,000 after buying an additional 41,313 shares in the last quarter. Man Group plc lifted its position in Sensata Technologies by 327.8% during the third quarter. Man Group plc now owns 60,828 shares of the scientific and technical instruments company’s stock worth $3,014,000 after buying an additional 46,610 shares in the last quarter. Courant Investment Management LLC purchased a new position in Sensata Technologies during the fourth quarter worth approximately $3,811,000. Beese Fulmer Investment Management Inc. lifted its position in Sensata Technologies by 3.0% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 100,801 shares of the scientific and technical instruments company’s stock worth $4,517,000 after buying an additional 2,940 shares in the last quarter. Finally, Paloma Partners Management Co lifted its position in Sensata Technologies by 19.0% during the fourth quarter. Paloma Partners Management Co now owns 17,180 shares of the scientific and technical instruments company’s stock worth $770,000 after buying an additional 2,740 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors.
A number of brokerages recently commented on ST. Zacks Investment Research downgraded Sensata Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. Jefferies Financial Group lifted their target price on Sensata Technologies from $59.00 to $62.00 and gave the company a “buy” rating in a research report on Monday, March 18th. ValuEngine downgraded Sensata Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. SunTrust Banks lifted their target price on Sensata Technologies to $54.00 and gave the company a “hold” rating in a research report on Thursday, February 7th. Finally, JPMorgan Chase & Co. downgraded Sensata Technologies from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $60.00 to $57.00 in a research report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $53.67.
In related news, CEO Martha N. Sullivan sold 50,000 shares of the business’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $49.50, for a total transaction of $2,475,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.00% of the company’s stock.
Shares of ST stock traded down $0.47 on Wednesday, hitting $43.26. The stock had a trading volume of 790,033 shares, compared to its average volume of 721,277. The company has a current ratio of 2.96, a quick ratio of 2.20 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $7.14 billion, a PE ratio of 11.85, a P/E/G ratio of 0.95 and a beta of 1.32. Sensata Technologies Holding PLC has a 1 year low of $40.78 and a 1 year high of $56.28.
Sensata Technologies (NYSE:ST) last released its earnings results on Wednesday, May 1st. The scientific and technical instruments company reported $0.85 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.85. Sensata Technologies had a return on equity of 24.35% and a net margin of 16.93%. The firm had revenue of $870.50 million during the quarter, compared to analysts’ expectations of $852.77 million. During the same period in the previous year, the firm posted $0.85 EPS. Sensata Technologies’s revenue for the quarter was down 1.8% on a year-over-year basis. Research analysts predict that Sensata Technologies Holding PLC will post 3.94 EPS for the current fiscal year.
Sensata Technologies Profile
Sensata Technologies Holding plc, through its subsidiary, Sensata Technologies Holding N.V., develops, manufactures, and sells a range of sensors and controls in the Americas, Asia, Europe, and internationally. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment develops and manufactures pressure sensors, speed and position sensors, and temperature sensors.
Further Reading: Moving Average Convergence Divergence (MACD)
Receive News & Ratings for Sensata Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sensata Technologies and related companies with MarketBeat.com's FREE daily email newsletter.