Quantinno Capital Management LP Has $84.60 Million Stake in Sensata Technologies Holding N.V. $ST

Quantinno Capital Management LP boosted its holdings in Sensata Technologies Holding N.V. (NYSE:ST) by 45.5% in the first quarter, Holdings Channel reports. The firm owned 2,402,063 shares of the scientific and technical instruments company’s stock after purchasing an additional 750,646 shares during the quarter. Quantinno Capital Management LP’s holdings in Sensata Technologies were worth $84,601,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its position in shares of Sensata Technologies by 107.8% in the first quarter. Goldman Sachs Group Inc. now owns 419,137 shares of the scientific and technical instruments company’s stock valued at $10,172,000 after acquiring an additional 217,418 shares during the last quarter. United Services Automobile Association acquired a new position in Sensata Technologies during the first quarter valued at approximately $246,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Sensata Technologies by 12.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 505,957 shares of the scientific and technical instruments company’s stock valued at $12,280,000 after purchasing an additional 55,045 shares during the last quarter. Cetera Investment Advisers grew its stake in Sensata Technologies by 11.8% in the second quarter. Cetera Investment Advisers now owns 23,409 shares of the scientific and technical instruments company’s stock valued at $705,000 after purchasing an additional 2,472 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in Sensata Technologies in the second quarter valued at approximately $750,000. 99.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Barclays cut Sensata Technologies from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $49.00 to $53.00 in a research note on Friday, May 29th. Weiss Ratings raised shares of Sensata Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 30th. Truist Financial raised shares of Sensata Technologies from a “hold” rating to a “buy” rating and upped their price target for the stock from $43.00 to $58.00 in a research report on Wednesday, May 13th. UBS Group reiterated a “buy” rating and issued a $57.00 price target on shares of Sensata Technologies in a research note on Tuesday, June 2nd. Finally, Wells Fargo & Company lifted their price objective on shares of Sensata Technologies from $48.00 to $49.00 and gave the company an “equal weight” rating in a research report on Thursday, June 25th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Sensata Technologies currently has an average rating of “Hold” and a consensus price target of $48.60.

Sensata Technologies Stock Performance

Shares of NYSE ST opened at $46.69 on Wednesday. The company has a current ratio of 2.75, a quick ratio of 1.95 and a debt-to-equity ratio of 1.00. Sensata Technologies Holding N.V. has a 12 month low of $28.16 and a 12 month high of $53.89. The stock has a 50 day moving average of $47.96 and a 200-day moving average of $41.21. The company has a market capitalization of $6.79 billion, a P/E ratio of 150.60, a P/E/G ratio of 1.33 and a beta of 1.27.

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

Sensata Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th will be 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 of this dividend is Wednesday, August 12th. Sensata Technologies’s payout ratio is 154.84%.

Insider Activity at Sensata Technologies

In other Sensata Technologies news, EVP David K. Stott sold 6,335 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $47.40, for a total value of $300,279.00. Following the transaction, the executive vice president directly owned 39,687 shares in the company, valued at $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 is available at this hyperlink. 0.65% of the stock is currently owned by corporate 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.