Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lessened its stake in Sensata Technologies Holding (NYSE:ST) by 24.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 24,416 shares of the scientific and technical instruments company’s stock after selling 7,885 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Sensata Technologies were worth $1,257,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Skba Capital Management LLC purchased a new stake in Sensata Technologies during the third quarter worth approximately $201,000. BB&T Corp purchased a new stake in Sensata Technologies during the fourth quarter worth approximately $215,000. Saturna Capital CORP purchased a new stake in Sensata Technologies during the third quarter worth approximately $249,000. BT Investment Management Ltd purchased a new stake in Sensata Technologies during the third quarter worth approximately $264,000. Finally, Greenwood Capital Associates LLC purchased a new stake in Sensata Technologies during the fourth quarter worth approximately $285,000.
ST has been the subject of several recent analyst reports. Citigroup boosted their target price on Sensata Technologies from $49.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Barclays boosted their target price on Sensata Technologies from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Friday, October 20th. SunTrust Banks cut Sensata Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research cut Sensata Technologies from a “buy” rating to a “hold” rating and set a $58.00 target price for the company. in a research note on Friday, January 5th. Finally, JPMorgan Chase & Co. set a $60.00 target price on Sensata Technologies and gave the stock a “buy” rating in a research note on Wednesday, December 13th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $57.00.
Shares of Sensata Technologies Holding (ST) opened at $51.99 on Tuesday. The company has a quick ratio of 2.23, a current ratio of 2.94 and a debt-to-equity ratio of 1.39. Sensata Technologies Holding has a 52 week low of $38.71 and a 52 week high of $57.40. The firm has a market capitalization of $8,940.00, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 1.40 and a beta of 1.52.
Sensata Technologies (NYSE:ST) last issued its quarterly earnings data on Thursday, February 1st. The scientific and technical instruments company reported $0.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.02. Sensata Technologies had a return on equity of 25.40% and a net margin of 12.35%. The company had revenue of $840.53 million during the quarter, compared to analysts’ expectations of $822.31 million. During the same quarter in the previous year, the business earned $0.76 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. equities research analysts expect that Sensata Technologies Holding will post 3.65 EPS for the current year.
In other news, EVP Steven Beringhause sold 3,720 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $54.85, for a total value of $204,042.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul B. Edgerley bought 200,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was bought at an average cost of $47.47 per share, for a total transaction of $9,494,000.00. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by insiders.
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Sensata Technologies Company Profile
Sensata Technologies Holding N.V. is an industrial technology company. The Company is engaged in the development, manufacture, and sale of sensors and controls. The Company operates through two segments: Performance Sensing and Sensing Solutions. It produces a range of sensors and controls for applications, such as pressure sensors in automotive systems, thermal circuit breakers in aircraft, and bimetal current and temperature control devices.
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