Pzena Investment Management LLC Reduces Holdings in Sensata Technologies Holding N.V. $ST

Pzena Investment Management LLC lowered its position in Sensata Technologies Holding N.V. (NYSE:ST) by 0.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,482,266 shares of the scientific and technical instruments company’s stock after selling 27,150 shares during the quarter. Pzena Investment Management LLC’s holdings in Sensata Technologies were worth $122,645,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ST. Woodline Partners LP boosted its stake 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 worth $152,009,000 after purchasing an additional 3,100,927 shares during the period. Norges Bank bought a new stake in Sensata Technologies in the fourth quarter worth about $62,966,000. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Sensata Technologies by 28.7% in the fourth 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 during the last quarter. First Trust Advisors LP purchased a new position in shares of Sensata Technologies during the second quarter valued at approximately $21,786,000. Finally, Balyasny Asset Management L.P. boosted its position in shares of Sensata Technologies by 215.9% during the second 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 buying an additional 561,083 shares during the period. Institutional investors own 99.42% of the company’s stock.

Insider Buying and Selling at Sensata Technologies

In other news, 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 completion of the transaction, the executive vice president directly owned 72,842 shares of the company’s stock, valued at approximately $2,528,345.82. The trade was a 3.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP David K. Stott sold 6,335 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $47.40, for a total value of $300,279.00. Following 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 SEC filing for this sale provides additional information. Insiders own 0.65% of the company’s stock.

Sensata Technologies Trading Down 2.3%

NYSE:ST opened at $46.65 on Thursday. The firm has a 50-day simple moving average of $47.51 and a 200-day simple moving average of $39.70. Sensata Technologies Holding N.V. has a one year low of $28.16 and a one year high of $53.89. The firm has a market cap of $6.78 billion, a P/E ratio of 150.48, a P/E/G ratio of 1.38 and a beta of 1.27. 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 (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 firm 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%. Equities analysts anticipate that Sensata Technologies Holding N.V. will post 3.73 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were issued a $0.12 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.0%. Sensata Technologies’s dividend payout ratio (DPR) is currently 154.84%.

Analyst Ratings Changes

ST has been the topic of several recent analyst reports. Wells Fargo & Company increased their price target on Sensata Technologies from $48.00 to $49.00 and gave the stock an “equal weight” rating in a report on Thursday, June 25th. Weiss Ratings upgraded Sensata Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday. Barclays downgraded Sensata Technologies from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $49.00 to $53.00 in a research report on Friday, May 29th. Oppenheimer increased their target price on Sensata Technologies from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, UBS Group reissued a “buy” rating and set a $57.00 target price on shares of Sensata Technologies in a research note on Tuesday, June 2nd. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Sensata Technologies presently has an average rating of “Hold” and an average price target of $47.80.

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.