Sensata Technologies Holding N.V. $ST Position Trimmed by Bayforest Capital Ltd

Bayforest Capital Ltd trimmed its position in shares of Sensata Technologies Holding N.V. (NYSE:ST) by 88.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,962 shares of the scientific and technical instruments company’s stock after selling 22,339 shares during the quarter. Bayforest Capital Ltd’s holdings in Sensata Technologies were worth $99,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC lifted its holdings in shares of Sensata Technologies by 659.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 904 shares of the scientific and technical instruments company’s stock valued at $27,000 after buying an additional 785 shares during the last quarter. First Horizon Corp acquired a new position in shares of Sensata Technologies during the third quarter worth approximately $29,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Sensata Technologies by 244.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,178 shares of the scientific and technical instruments company’s stock worth $35,000 after buying an additional 836 shares during the last quarter. True Wealth Design LLC lifted its holdings in shares of Sensata Technologies by 62.6% during the third quarter. True Wealth Design LLC now owns 1,135 shares of the scientific and technical instruments company’s stock worth $35,000 after buying an additional 437 shares during the last quarter. Finally, SJS Investment Consulting Inc. increased its position in shares of Sensata Technologies by 15,787.5% during the third quarter. SJS Investment Consulting Inc. now owns 1,271 shares of the scientific and technical instruments company’s stock valued at $39,000 after purchasing an additional 1,263 shares during the period. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ST has been the topic of a number of research reports. Truist Financial boosted their price objective on Sensata Technologies from $35.00 to $38.00 and gave the company a “hold” rating in a research report on Friday, February 20th. UBS Group increased their target price on Sensata Technologies from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. Oppenheimer increased their target price on Sensata Technologies from $43.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Bank of America upped their price target on Sensata Technologies from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Finally, Weiss Ratings raised Sensata Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 2nd. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $40.80.

Sensata Technologies Trading Down 0.4%

NYSE ST opened at $40.83 on Thursday. The firm has a market cap of $5.95 billion, a P/E ratio of 214.90, a P/E/G ratio of 1.20 and a beta of 1.14. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.57 and a quick ratio of 1.78. The stock’s 50-day moving average is $36.31 and its 200-day moving average is $34.21. Sensata Technologies Holding N.V. has a one year low of $20.04 and a one year high of $41.67.

Sensata Technologies (NYSE:ST) last released its quarterly earnings results on Saturday, February 14th. The scientific and technical instruments company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.02. The company had revenue of $917.88 million for the quarter, compared to analyst estimates of $911.03 million. Sensata Technologies had a return on equity of 17.92% and a net margin of 0.83%.Sensata Technologies’s revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.76 earnings per share. Sell-side analysts anticipate that Sensata Technologies Holding N.V. will post 3.65 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, May 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.2%. Sensata Technologies’s dividend payout ratio (DPR) is presently 252.63%.

Insider Activity

In related news, EVP Lynne J. Caljouw sold 2,913 shares of the stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $34.71, for a total transaction of $101,110.23. Following the completion of the transaction, the executive vice president directly owned 72,842 shares in the company, valued at approximately $2,528,345.82. This trade represents a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 7,889 shares of company stock worth $280,345 in the last ninety days. 0.89% of the stock is currently owned by company 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.