Envestnet Asset Management Inc. Has $16.86 Million Stake in Sensata Technologies Holding N.V. (NYSE:ST)

Envestnet Asset Management Inc. raised its stake in Sensata Technologies Holding N.V. (NYSE:ST) by 18.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 694,814 shares of the scientific and technical instruments company’s stock after buying an additional 107,001 shares during the quarter. Envestnet Asset Management Inc. owned about 0.46% of Sensata Technologies worth $16,863,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Principal Financial Group Inc. lifted its position in Sensata Technologies by 0.5% during the first quarter. Principal Financial Group Inc. now owns 344,296 shares of the scientific and technical instruments company’s stock worth $8,356,000 after purchasing an additional 1,578 shares during the period. Teacher Retirement System of Texas purchased a new position in Sensata Technologies during the 1st quarter worth $531,000. First Horizon Advisors Inc. boosted its holdings in shares of Sensata Technologies by 83.6% in the 1st quarter. First Horizon Advisors Inc. now owns 2,554 shares of the scientific and technical instruments company’s stock worth $62,000 after buying an additional 1,163 shares during the last quarter. Aaron Wealth Advisors LLC purchased a new position in shares of Sensata Technologies in the 1st quarter worth about $334,000. Finally, Summit Trail Advisors LLC bought a new position in Sensata Technologies during the first quarter worth about $1,130,000. Institutional investors own 99.42% of the company’s stock.

Insider Activity at Sensata Technologies

In other news, Director Andrew C. Teich acquired 9,925 shares of the firm’s stock in a transaction dated Friday, May 23rd. The stock was bought at an average price of $25.19 per share, with a total value of $250,010.75. Following the transaction, the director directly owned 41,117 shares in the company, valued at approximately $1,035,737.23. The trade was a 31.82% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.89% of the stock is currently owned by insiders.

Sensata Technologies Price Performance

NYSE ST opened at $31.52 on Friday. The business’s fifty day moving average is $28.59 and its two-hundred day moving average is $26.55. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.81 and a current ratio of 2.64. Sensata Technologies Holding N.V. has a 1 year low of $17.32 and a 1 year high of $42.29. The stock has a market capitalization of $4.61 billion, a P/E ratio of 38.91, a P/E/G ratio of 1.31 and a beta of 1.13.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings results on Thursday, May 8th. The scientific and technical instruments company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.06. The firm had revenue of $911.26 million during the quarter, compared to analyst estimates of $878.39 million. Sensata Technologies had a net margin of 3.19% and a return on equity of 17.12%. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.89 earnings per share. On average, research analysts forecast that Sensata Technologies Holding N.V. will post 3.21 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.52%. Sensata Technologies’s payout ratio is 59.26%.

Analyst Upgrades and Downgrades

ST has been the topic of a number of recent research reports. UBS Group increased their price target on shares of Sensata Technologies from $34.00 to $41.00 and gave the company a “buy” rating in a research report on Monday. The Goldman Sachs Group raised their target price on Sensata Technologies from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Evercore ISI downgraded Sensata Technologies from an “outperform” rating to an “inline” rating and reduced their price objective for the stock from $40.00 to $27.00 in a research note on Thursday, April 3rd. Bank of America boosted their price objective on Sensata Technologies from $27.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Wall Street Zen cut Sensata Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, June 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $35.50.

Sensata Technologies Company Profile

Sensata Technologies Holding plc develops, manufactures, and sells sensors and sensor-rich solutions, electrical protection components and systems, and other products used in mission-critical systems and applications in the United States and internationally. It operates in two segments, Performance Sensing and Sensing Solutions.