Taylor Cottrill Erickson & Associates Inc. acquired a new position in Sensata Technologies Holding PLC (NYSE:ST) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 36,450 shares of the scientific and technical instruments company’s stock, valued at approximately $1,734,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of ST. Advisor Group Inc. raised its holdings in Sensata Technologies by 73.5% in the 4th quarter. Advisor Group Inc. now owns 2,731 shares of the scientific and technical instruments company’s stock worth $140,000 after purchasing an additional 1,157 shares in the last quarter. Guggenheim Capital LLC bought a new position in Sensata Technologies in the 4th quarter worth $739,000. Two Sigma Advisers LP bought a new position in Sensata Technologies in the 4th quarter worth $4,417,000. Teachers Advisors LLC raised its holdings in Sensata Technologies by 43.7% in the 4th quarter. Teachers Advisors LLC now owns 276,182 shares of the scientific and technical instruments company’s stock worth $14,116,000 after purchasing an additional 83,960 shares in the last quarter. Finally, Global X Management Co. LLC raised its holdings in Sensata Technologies by 18.0% in the 1st quarter. Global X Management Co. LLC now owns 140,900 shares of the scientific and technical instruments company’s stock worth $7,303,000 after purchasing an additional 21,521 shares in the last quarter.
In other news, Director Thomas Wroe, Jr. sold 3,650 shares of the company’s stock in a transaction dated Wednesday, June 6th. The shares were sold at an average price of $54.33, for a total value of $198,304.50. Following the sale, the director now directly owns 11,794 shares of the company’s stock, valued at approximately $640,768.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jeffrey J. Cote sold 5,000 shares of the company’s stock in a transaction dated Monday, July 9th. The stock was sold at an average price of $50.00, for a total transaction of $250,000.00. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.
Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of Sensata Technologies from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Friday. ValuEngine lowered shares of Sensata Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, June 20th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $56.67.
Shares of NYSE:ST traded up $0.18 during midday trading on Monday, reaching $53.94. The company’s stock had a trading volume of 117,723 shares, compared to its average volume of 1,086,915. The company has a market capitalization of $9.22 billion, a PE ratio of 16.85, a P/E/G ratio of 1.37 and a beta of 1.53. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.38 and a quick ratio of 2.65. Sensata Technologies Holding PLC has a 12-month low of $43.14 and a 12-month high of $57.40.
Sensata Technologies (NYSE:ST) last released its earnings results on Tuesday, July 24th. The scientific and technical instruments company reported $0.93 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.93. The firm had revenue of $914.00 million for the quarter, compared to the consensus estimate of $906.90 million. Sensata Technologies had a net margin of 13.09% and a return on equity of 25.09%. The company’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.81 EPS. equities analysts anticipate that Sensata Technologies Holding PLC will post 3.68 EPS for the current fiscal year.
About Sensata Technologies
Sensata Technologies Holding PLC would be operating as a holding company for Sensata Technologies Holding N.V. that develops, manufactures, and sells sensors and controls in the Americas, Asia, and Europe. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment supplies pressure sensors, speed and position sensors, temperature sensors, and pressure switches.
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