Envestnet Portfolio Solutions Inc. Purchases Shares of 38,073 Sensata Technologies Holding N.V. $ST

Envestnet Portfolio Solutions Inc. acquired a new position in shares of Sensata Technologies Holding N.V. (NYSE:ST) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 38,073 shares of the scientific and technical instruments company’s stock, valued at approximately $1,163,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Artisan Partners Limited Partnership increased its position in 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 buying an additional 354,246 shares during the last quarter. Copeland Capital Management LLC boosted its stake in shares of 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 acquiring an additional 230,107 shares during the period. Norges Bank acquired a new position in shares of Sensata Technologies during the 2nd quarter worth approximately $53,385,000. Bank of America Corp DE raised its stake 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 acquiring an additional 64,428 shares during the period. Finally, American Century Companies Inc. raised its stake in Sensata Technologies by 20.8% in the 2nd quarter. American Century Companies Inc. now owns 1,493,683 shares of the scientific and technical instruments company’s stock valued at $44,975,000 after acquiring an additional 257,096 shares during the period. 99.42% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on ST shares. Wells Fargo & Company upped their price objective on shares of Sensata Technologies from $34.00 to $37.00 and gave the company an “equal weight” rating in a report on Monday, January 12th. Barclays reduced their target price 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. Evercore ISI set a $32.00 price target on shares of Sensata Technologies in a research note on Wednesday, October 29th. Oppenheimer reissued an “outperform” rating and issued a $43.00 price target on shares of Sensata Technologies in a report on Wednesday, December 17th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Sensata Technologies in a report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $36.10.

Sensata Technologies Price Performance

NYSE:ST opened at $35.24 on Wednesday. Sensata Technologies Holding N.V. has a 52 week low of $17.32 and a 52 week high of $36.25. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.10 and a current ratio of 2.91. The firm’s 50-day simple moving average is $33.72 and its 200 day simple moving average is $32.23. The firm has a market cap of $5.13 billion, a price-to-earnings ratio of -176.19, a P/E/G ratio of 1.32 and a beta of 1.15.

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

Insiders Place Their Bets

In other Sensata Technologies news, EVP David K. Stott sold 839 shares of Sensata Technologies stock in a transaction on Tuesday, November 11th. The stock was 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 directly owned 35,444 shares of the company’s stock, valued at $1,091,675.20. The trade was a 2.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ali John Mirshekari sold 125,939 shares of the stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $28.83, for a total value of $3,630,821.37. Following the sale, the director directly owned 142,371 shares in the company, valued at approximately $4,104,555.93. This trade represents a 46.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 272,356 shares of company stock worth $7,880,364 in the last 90 days. Company insiders own 0.89% of the company’s stock.

Sensata Technologies 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.