HITE Hedge Asset Management LLC Buys Shares of 33,367 Sensata Technologies Holding N.V. $ST

HITE Hedge Asset Management LLC bought a new stake in Sensata Technologies Holding N.V. (NYSE:ST) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 33,367 shares of the scientific and technical instruments company’s stock, valued at approximately $1,111,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CIBC Private Wealth Group LLC grew its stake in shares of Sensata Technologies by 700.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 832 shares of the scientific and technical instruments company’s stock valued at $28,000 after purchasing an additional 728 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Sensata Technologies by 659.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 904 shares of the scientific and technical instruments company’s stock valued at $27,000 after purchasing an additional 785 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Sensata Technologies by 62.7% in the 4th quarter. Parallel Advisors LLC now owns 1,072 shares of the scientific and technical instruments company’s stock valued at $36,000 after purchasing an additional 413 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Sensata Technologies by 244.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,178 shares of the scientific and technical instruments company’s stock valued at $35,000 after purchasing an additional 836 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of Sensata Technologies by 227.9% in the fourth quarter. Larson Financial Group LLC now owns 1,446 shares of the scientific and technical instruments company’s stock valued at $48,000 after buying an additional 1,005 shares in the last quarter. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Sensata Technologies Stock Up 1.0%

Sensata Technologies stock opened at $50.37 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.75 and a quick ratio of 1.95. Sensata Technologies Holding N.V. has a 1-year low of $26.95 and a 1-year high of $53.89. The company has a market cap of $7.33 billion, a PE ratio of 162.48, a price-to-earnings-growth ratio of 1.44 and a beta of 1.26. The stock’s 50 day moving average price is $44.57 and its 200 day moving average price is $38.19.

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

Sensata Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Wednesday, May 13th. Sensata Technologies’s payout ratio is presently 154.84%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ST. Truist Financial upgraded Sensata Technologies from a “hold” rating to a “buy” rating and lifted their price target for the company from $43.00 to $58.00 in a research note on Wednesday, May 13th. UBS Group restated a “buy” rating and issued a $57.00 price target on shares of Sensata Technologies in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. lifted their price target on 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 downgraded Sensata Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Robert W. Baird lifted 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. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Sensata Technologies currently has a consensus rating of “Hold” and a consensus target price of $47.70.

Insiders Place Their Bets

In other Sensata Technologies news, EVP David K. Stott sold 6,335 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $47.40, for a total transaction of $300,279.00. Following the sale, the executive vice president directly owned 39,687 shares in the company, valued at approximately $1,881,163.80. The trade was a 13.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Lynne J. Caljouw sold 2,913 shares of the business’s stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $34.71, for a total value of $101,110.23. Following the sale, the executive vice president owned 72,842 shares in the company, valued at approximately $2,528,345.82. The trade was a 3.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 11,728 shares of company stock worth $486,949. 0.65% of the stock is owned by company insiders.

Sensata Technologies Company Profile

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.