Sensata Technologies Holding N.V. (NYSE:ST) Stock Position Reduced by Arizona State Retirement System

Arizona State Retirement System trimmed its holdings in Sensata Technologies Holding N.V. (NYSE:ST) by 2.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,902 shares of the scientific and technical instruments company’s stock after selling 908 shares during the period. Arizona State Retirement System’s holdings in Sensata Technologies were worth $1,041,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in Sensata Technologies in the 4th quarter valued at $48,580,000. Principal Financial Group Inc. grew its stake in Sensata Technologies by 0.5% in the 1st quarter. Principal Financial Group Inc. now owns 344,296 shares of the scientific and technical instruments company’s stock valued at $8,356,000 after buying an additional 1,578 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in Sensata Technologies by 184.8% in the 1st quarter. Crossmark Global Holdings Inc. now owns 49,447 shares of the scientific and technical instruments company’s stock valued at $1,200,000 after buying an additional 32,084 shares during the last quarter. Brown Advisory Inc. grew its stake in Sensata Technologies by 3.1% in the 1st quarter. Brown Advisory Inc. now owns 1,396,402 shares of the scientific and technical instruments company’s stock valued at $33,891,000 after buying an additional 42,423 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Sensata Technologies by 19.4% in the 4th quarter. Invesco Ltd. now owns 326,180 shares of the scientific and technical instruments company’s stock valued at $8,937,000 after buying an additional 53,034 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

Insider Transactions at Sensata Technologies

In related news, Director Andrew C. Teich purchased 9,925 shares of Sensata Technologies stock in a transaction on Friday, May 23rd. The shares were 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 of the company’s stock, valued at approximately $1,035,737.23. This trade represents a 31.82% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.89% of the stock is currently owned by insiders.

Sensata Technologies Trading Up 0.2%

Shares of Sensata Technologies stock opened at $31.56 on Monday. The company’s 50-day moving average price is $28.71 and its 200-day moving average price is $26.57. Sensata Technologies Holding N.V. has a 12-month low of $17.32 and a 12-month high of $39.64. The company has a current ratio of 2.64, a quick ratio of 1.81 and a debt-to-equity ratio of 1.12. The company has a market cap of $4.62 billion, a price-to-earnings ratio of 38.96, a PEG ratio of 1.32 and a beta of 1.13.

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

Sensata Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Wednesday, August 13th. Sensata Technologies’s payout ratio is 59.26%.

Wall Street Analyst Weigh In

ST has been the subject of a number of analyst reports. Robert W. Baird reduced their price objective on shares of Sensata Technologies from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. The Goldman Sachs Group raised their price objective on shares of Sensata Technologies from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, May 9th. Wells Fargo & Company raised their price objective on shares of Sensata Technologies from $26.00 to $30.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 1st. Evercore ISI downgraded shares of 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 report on Thursday, April 3rd. Finally, Wall Street Zen downgraded shares of Sensata Technologies from a “buy” rating to a “hold” rating in a report on Sunday, June 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $35.50.

About Sensata Technologies

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.