Cipher Capital LP Invests $821,000 in Sensata Technologies Holding PLC (ST) Stock

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Cipher Capital LP acquired a new stake in Sensata Technologies Holding PLC (NYSE:ST) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,305 shares of the scientific and technical instruments company’s stock, valued at approximately $821,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ST. Robeco Institutional Asset Management B.V. grew its holdings in Sensata Technologies by 30.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 34,184 shares of the scientific and technical instruments company’s stock valued at $1,693,000 after buying an additional 8,054 shares during the period. SG Americas Securities LLC grew its holdings in Sensata Technologies by 261.7% in the 3rd quarter. SG Americas Securities LLC now owns 23,183 shares of the scientific and technical instruments company’s stock valued at $1,149,000 after buying an additional 16,774 shares during the period. Toronto Dominion Bank grew its holdings in Sensata Technologies by 9.1% in the 3rd quarter. Toronto Dominion Bank now owns 18,640 shares of the scientific and technical instruments company’s stock valued at $923,000 after buying an additional 1,556 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in Sensata Technologies by 10.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 25,410 shares of the scientific and technical instruments company’s stock valued at $1,260,000 after buying an additional 2,400 shares during the period. Finally, Hartford Investment Management Co. purchased a new stake in Sensata Technologies in the 3rd quarter valued at about $284,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

A number of brokerages have recently issued reports on ST. ValuEngine cut Sensata Technologies from a “hold” rating to a “sell” rating in a report on Wednesday. Barclays set a $51.00 target price on Sensata Technologies and gave the stock a “buy” rating in a report on Friday, January 4th. Jefferies Financial Group boosted their target price on Sensata Technologies from $59.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Zacks Investment Research upgraded Sensata Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, January 22nd. Finally, SunTrust Banks boosted their target price on Sensata Technologies to $54.00 and gave the stock a “hold” rating in a report on Thursday, February 7th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. Sensata Technologies presently has an average rating of “Hold” and an average price target of $55.00.

Shares of NYSE:ST opened at $45.70 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 3.00 and a quick ratio of 2.23. Sensata Technologies Holding PLC has a 1 year low of $40.78 and a 1 year high of $56.28. The stock has a market cap of $8.06 billion, a PE ratio of 12.52, a PEG ratio of 1.00 and a beta of 1.31.

Sensata Technologies (NYSE:ST) last released its quarterly earnings results on Wednesday, February 6th. The scientific and technical instruments company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.04). The company had revenue of $847.90 million for the quarter, compared to analyst estimates of $866.27 million. Sensata Technologies had a return on equity of 24.94% and a net margin of 17.01%. The business’s revenue was up .9% on a year-over-year basis. During the same period last year, the firm posted $0.87 earnings per share. As a group, sell-side analysts forecast that Sensata Technologies Holding PLC will post 3.99 EPS for the current year.

In related news, insider Jeffrey J. Cote sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $50.00, for a total transaction of $250,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Martha N. Sullivan sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $48.67, for a total value of $2,433,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 165,000 shares of company stock worth $8,073,600 over the last three months. 2.00% of the stock is currently owned by corporate insiders.

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Sensata Technologies Profile

Sensata Technologies Holding plc, through its subsidiary, Sensata Technologies Holding N.V., develops, manufactures, and sells a range of sensors and controls in the Americas, Asia, Europe, and internationally. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment develops and manufactures pressure sensors, speed and position sensors, and temperature sensors.

See Also: Average Daily Trade Volume – What You Need to Know

Institutional Ownership by Quarter for Sensata Technologies (NYSE:ST)

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