First Citizens Bank & Trust Co. Invests $1 Million in Sensata Technologies Holding N.V. $ST

First Citizens Bank & Trust Co. purchased a new stake in Sensata Technologies Holding N.V. (NYSE:ST) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 32,813 shares of the scientific and technical instruments company’s stock, valued at approximately $1,002,000.

Several other hedge funds have also recently bought and sold shares of ST. Artisan Partners Limited Partnership boosted its holdings in shares of Sensata Technologies by 2.6% during the second quarter. Artisan Partners Limited Partnership now owns 14,097,006 shares of the scientific and technical instruments company’s stock worth $424,461,000 after acquiring an additional 354,246 shares during the period. Copeland Capital Management LLC lifted its holdings in Sensata Technologies by 12.9% during the 2nd quarter. Copeland Capital Management LLC now owns 2,015,492 shares of the scientific and technical instruments company’s stock worth $60,687,000 after purchasing an additional 230,107 shares during the last quarter. Norges Bank bought a new stake in Sensata Technologies in the 2nd quarter valued at $53,385,000. Bank of America Corp DE grew its holdings in Sensata Technologies by 3.9% in the 2nd quarter. Bank of America Corp DE now owns 1,732,243 shares of the scientific and technical instruments company’s stock valued at $52,158,000 after buying an additional 64,428 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Sensata Technologies by 20.8% during the 2nd quarter. American Century Companies Inc. now owns 1,493,683 shares of the scientific and technical instruments company’s stock worth $44,975,000 after buying an additional 257,096 shares during the period. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Sensata Technologies Price Performance

Shares of ST stock opened at $34.88 on Tuesday. The business has a fifty day simple moving average of $33.59 and a 200 day simple moving average of $32.20. The company has a market cap of $5.08 billion, a P/E ratio of -174.38, a P/E/G ratio of 1.30 and a beta of 1.15. The company has a quick ratio of 2.10, a current ratio of 2.91 and a debt-to-equity ratio of 1.18. Sensata Technologies Holding N.V. has a twelve month low of $17.32 and a twelve month high of $36.25.

Sensata Technologies (NYSE:ST) last issued its earnings results on Tuesday, October 28th. The scientific and technical instruments company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.85 by $0.04. The firm had revenue of $931.98 million during the quarter, compared to the consensus estimate of $918.83 million. Sensata Technologies had a positive return on equity of 17.22% and a negative net margin of 0.71%.The business’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.86 earnings per share. On average, sell-side analysts forecast that Sensata Technologies Holding N.V. will post 3.21 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Evercore ISI set a $32.00 target price on shares of Sensata Technologies in a research report on Wednesday, October 29th. Barclays cut their price objective on shares of Sensata Technologies from $43.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, January 12th. Oppenheimer reaffirmed an “outperform” rating and set a $43.00 target price on shares of Sensata Technologies in a report on Wednesday, December 17th. Wells Fargo & Company lifted their price target on shares of Sensata Technologies from $34.00 to $37.00 and gave the company an “equal weight” rating in a research report on Monday, January 12th. Finally, The Goldman Sachs Group boosted their price target on Sensata Technologies from $40.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $36.10.

Insider Buying and Selling

In other Sensata Technologies news, Director Ali John Mirshekari sold 125,939 shares of the business’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $28.83, for a total transaction of $3,630,821.37. Following the sale, the director owned 142,371 shares of the company’s stock, valued at approximately $4,104,555.93. The trade was a 46.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP David K. Stott sold 839 shares of the stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $30.80, for a total value of $25,841.20. Following the completion of the transaction, the executive vice president owned 35,444 shares of the company’s stock, valued at $1,091,675.20. The trade was a 2.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 272,356 shares of company stock worth $7,880,364 in the last three months. 0.89% of the stock is owned by corporate insiders.

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.