Phoenix Holdings Ltd. bought a new position in shares of Sensata Technologies Holding plc (NYSE:ST) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 5,207 shares of the scientific and technical instruments company’s stock, valued at approximately $210,000.
A number of other hedge funds also recently made changes to their positions in ST. Heritage Wealth Advisors raised its holdings in Sensata Technologies by 33.1% during the 3rd quarter. Heritage Wealth Advisors now owns 1,065 shares of the scientific and technical instruments company’s stock worth $46,000 after buying an additional 265 shares during the period. Signaturefd LLC raised its holdings in shares of Sensata Technologies by 46.8% in the second quarter. Signaturefd LLC now owns 1,362 shares of the scientific and technical instruments company’s stock valued at $51,000 after purchasing an additional 434 shares during the last quarter. Captrust Financial Advisors acquired a new stake in shares of Sensata Technologies in the second quarter valued at approximately $51,000. Harbor Investment Advisory LLC raised its holdings in shares of Sensata Technologies by 95.9% in the third quarter. Harbor Investment Advisory LLC now owns 1,628 shares of the scientific and technical instruments company’s stock valued at $70,000 after purchasing an additional 797 shares during the last quarter. Finally, Marshall Wace North America L.P. acquired a new stake in shares of Sensata Technologies in the first quarter valued at approximately $77,000. Hedge funds and other institutional investors own 96.36% of the company’s stock.
ST has been the topic of a number of recent research reports. Berenberg Bank initiated coverage on shares of Sensata Technologies in a report on Tuesday, October 6th. They issued a “buy” rating and a $55.00 price objective on the stock. Morgan Stanley lifted their price objective on shares of Sensata Technologies from $43.00 to $47.00 and gave the company an “equal weight” rating in a report on Wednesday, October 28th. Barclays lifted their price objective on shares of Sensata Technologies from $49.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, October 22nd. Cowen upgraded shares of Sensata Technologies from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $40.00 to $55.00 in a report on Monday, October 5th. Finally, TheStreet upgraded shares of Sensata Technologies from a “c” rating to a “b-” rating in a report on Wednesday, October 28th. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $47.88.
In other news, Director Thomas Wroe, Jr. sold 20,000 shares of the business’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $42.99, for a total value of $859,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen M. Zide sold 6,015 shares of the business’s stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $42.84, for a total transaction of $257,682.60. The disclosure for this sale can be found here. In the last three months, insiders sold 119,932 shares of company stock valued at $5,544,146. 2.00% of the stock is currently owned by company insiders.
ST stock opened at $47.65 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.46 and a quick ratio of 1.93. The company has a fifty day moving average price of $46.20 and a two-hundred day moving average price of $40.83. Sensata Technologies Holding plc has a one year low of $18.25 and a one year high of $54.37. The stock has a market cap of $7.50 billion, a price-to-earnings ratio of 85.09, a price-to-earnings-growth ratio of 2.25 and a beta of 1.59.
Sensata Technologies (NYSE:ST) last released its quarterly earnings data on Tuesday, October 27th. The scientific and technical instruments company reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.11. The firm had revenue of $788.31 million during the quarter, compared to analysts’ expectations of $758.38 million. Sensata Technologies had a net margin of 2.96% and a return on equity of 15.56%. The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.90 earnings per share. Research analysts anticipate that Sensata Technologies Holding plc will post 1.9 EPS for the current fiscal year.
Sensata Technologies Company Profile
Sensata Technologies Holding plc, through its subsidiaries, develops, manufactures, and sells sensors, sensor-based solutions, controls, and other products in the Americas, Europe, Asia, and internationally. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment offers pressure sensors, including microfused strain gage, ceramic capacitive, and micro-electromechanical sensors; speed and position sensors, such as magnetic speed and position sensors, and mechanical/electrical control systems; and temperature sensors.
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