Sei Investments Co. Sells 241,823 Shares of Sensata Technologies Holding N.V. $ST

Sei Investments Co. cut its position in Sensata Technologies Holding N.V. (NYSE:ST) by 14.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,390,546 shares of the scientific and technical instruments company’s stock after selling 241,823 shares during the quarter. Sei Investments Co.’s holdings in Sensata Technologies were worth $48,975,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Woodline Partners LP grew its holdings in shares of 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 purchasing an additional 3,100,927 shares during the last quarter. Pzena Investment Management LLC grew its position in Sensata Technologies by 380.4% during the 4th quarter. Pzena Investment Management LLC now owns 3,509,416 shares of the scientific and technical instruments company’s stock worth $116,828,000 after acquiring an additional 2,778,918 shares during the last quarter. Norges Bank bought a new stake in Sensata Technologies during the 4th quarter worth $62,966,000. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Sensata Technologies by 28.7% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,313,603 shares of the scientific and technical instruments company’s stock worth $143,600,000 after purchasing an additional 961,457 shares in the last quarter. Finally, First Trust Advisors LP bought a new position in Sensata Technologies in the second quarter valued at about $21,786,000. 99.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Weiss Ratings upgraded Sensata Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 30th. Barclays downgraded shares of Sensata Technologies from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $49.00 to $53.00 in a research report on Friday, May 29th. Bank of America boosted their target price on shares of Sensata Technologies from $46.00 to $48.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. UBS Group restated a “buy” rating and issued a $57.00 price target on shares of Sensata Technologies in a research report on Tuesday, June 2nd. Finally, Wall Street Zen downgraded shares of Sensata Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 2nd. Four 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $48.60.

Sensata Technologies Stock Performance

NYSE:ST opened at $45.62 on Friday. The company has a fifty day moving average of $47.98 and a 200-day moving average of $41.01. Sensata Technologies Holding N.V. has a twelve month low of $28.16 and a twelve month high of $53.89. The firm has a market capitalization of $6.63 billion, a P/E ratio of 147.17, a P/E/G ratio of 1.31 and a beta of 1.27. The company has a quick ratio of 1.95, a current ratio of 2.75 and a debt-to-equity ratio of 1.00.

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

Sensata Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, August 12th. This represents a $0.48 annualized dividend and a dividend yield of 1.1%. Sensata Technologies’s payout ratio is currently 154.84%.

Insider Buying and Selling at Sensata Technologies

In other news, EVP David K. Stott sold 6,335 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 39,687 shares of the company’s stock, valued at $1,881,163.80. This represents a 13.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.65% of the stock is owned by insiders.

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.