California Public Employees Retirement System raised its stake in shares of Sensata Technologies Holding (NYSE:ST) by 3.3% in the fourth quarter, Holdings Channel reports. The firm owned 361,243 shares of the scientific and technical instruments company’s stock after buying an additional 11,672 shares during the period. California Public Employees Retirement System’s holdings in Sensata Technologies were worth $18,463,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in ST. British Airways Pensions Investment Management Ltd acquired a new position in Sensata Technologies during the 3rd quarter valued at about $15,458,000. California State Teachers Retirement System acquired a new position in Sensata Technologies during the 3rd quarter valued at about $13,916,000. American Century Companies Inc. acquired a new position in Sensata Technologies during the 3rd quarter valued at about $12,966,000. Asset Management One Co. Ltd. boosted its stake in Sensata Technologies by 5,946.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 244,043 shares of the scientific and technical instruments company’s stock valued at $11,731,000 after purchasing an additional 240,007 shares during the last quarter. Finally, Three Peaks Capital Management LLC acquired a new position in Sensata Technologies during the 4th quarter valued at about $10,250,000.
Sensata Technologies Holding (NYSE ST) opened at $53.55 on Friday. Sensata Technologies Holding has a 12 month low of $38.71 and a 12 month high of $57.40. The firm has a market capitalization of $9,170.53, a P/E ratio of 22.59, a PEG ratio of 1.46 and a beta of 1.52. 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 (NYSE:ST) last posted its quarterly earnings results on Thursday, February 1st. The scientific and technical instruments company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. The company had revenue of $840.53 million for the quarter, compared to analysts’ expectations of $822.31 million. Sensata Technologies had a net margin of 12.35% and a return on equity of 25.40%. Sensata Technologies’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 EPS. research analysts forecast that Sensata Technologies Holding will post 3.65 earnings per share for the current fiscal year.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Sensata Technologies from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Wednesday, January 10th. BMO Capital Markets restated a “hold” rating and issued a $51.00 target price on shares of Sensata Technologies in a research note on Tuesday, January 30th. Barclays boosted their target price on Sensata Technologies from $58.00 to $61.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Stifel Nicolaus restated a “buy” rating and issued a $63.00 target price on shares of Sensata Technologies in a research note on Thursday, February 1st. Finally, Cowen restated a “hold” rating on shares of Sensata Technologies in a research note on Thursday, December 14th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $57.00.
In related news, EVP Steven Beringhause sold 3,720 shares of Sensata Technologies stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $54.85, for a total value of $204,042.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.00% of the company’s stock.
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Sensata Technologies 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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