LSV Asset Management Acquires Shares of 42,700 Sensata Technologies Holding N.V. $ST

LSV Asset Management acquired a new stake in shares of Sensata Technologies Holding N.V. (NYSE:ST) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 42,700 shares of the scientific and technical instruments company’s stock, valued at approximately $1,421,000.

Several other institutional investors and hedge funds have also bought and sold shares of ST. Woodline Partners LP lifted its stake in Sensata Technologies by 165.4% during the 3rd quarter. Woodline Partners LP now owns 4,975,745 shares of the scientific and technical instruments company’s stock valued at $152,009,000 after acquiring an additional 3,100,927 shares during the period. Pzena Investment Management LLC lifted its stake in shares of Sensata Technologies by 380.4% in the 4th quarter. Pzena Investment Management LLC now owns 3,509,416 shares of the scientific and technical instruments company’s stock valued at $116,828,000 after purchasing an additional 2,778,918 shares during the period. First Trust Advisors LP acquired a new position in shares of Sensata Technologies in the 2nd quarter valued at $21,786,000. Balyasny Asset Management L.P. lifted its stake in shares of Sensata Technologies by 215.9% in the 2nd quarter. Balyasny Asset Management L.P. now owns 821,001 shares of the scientific and technical instruments company’s stock valued at $24,720,000 after purchasing an additional 561,083 shares during the period. Finally, Sei Investments Co. lifted its stake in shares of Sensata Technologies by 61.5% in the 2nd quarter. Sei Investments Co. now owns 1,241,264 shares of the scientific and technical instruments company’s stock valued at $37,372,000 after purchasing an additional 472,617 shares during the period. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ST. Truist Financial upgraded shares of Sensata Technologies from a “hold” rating to a “buy” rating and boosted their target price for the company from $43.00 to $58.00 in a research note on Wednesday, May 13th. JPMorgan Chase & Co. boosted their target price on shares of Sensata Technologies from $32.00 to $34.00 and gave the company an “underweight” rating in a research note on Monday, February 23rd. Wall Street Zen cut shares of Sensata Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 2nd. Oppenheimer boosted their target price on shares of Sensata Technologies from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Finally, Barclays boosted their target price on shares of Sensata Technologies from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $45.80.

Sensata Technologies Price Performance

Shares of NYSE ST opened at $50.56 on Thursday. The firm has a market cap of $7.35 billion, a PE ratio of 163.09, a PEG ratio of 1.45 and a beta of 1.21. The firm has a fifty day moving average of $40.80 and a 200 day moving average of $36.53. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.95 and a current ratio of 2.75. Sensata Technologies Holding N.V. has a one year low of $25.44 and a one year high of $50.78.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Tuesday, March 31st. The scientific and technical instruments company reported $0.86 EPS for the quarter. The company had revenue of $934.80 million during the quarter. Sensata Technologies had a net margin of 1.28% and a return on equity of 18.23%. As a group, research analysts predict that Sensata Technologies Holding N.V. will post 3.73 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.9%. Sensata Technologies’s dividend payout ratio is presently 154.84%.

Insider Transactions at Sensata Technologies

In other news, EVP Lynne J. Caljouw sold 2,913 shares of the stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $34.71, for a total value of $101,110.23. Following the completion of the sale, the executive vice president directly owned 72,842 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this link. Also, EVP David K. Stott sold 6,335 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $47.40, for a total transaction 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 $1,881,163.80. This trade represents a 13.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 11,728 shares of company stock valued at $486,949 over the last quarter. Company insiders own 0.65% of the company’s stock.

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.