Nomura Asset Management Co. Ltd. cut its holdings in shares of Sensata Technologies Holding PLC (NYSE:ST) by 3.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,410 shares of the scientific and technical instruments company’s stock after selling 1,000 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Sensata Technologies were worth $1,099,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of ST. Advisors Asset Management Inc. increased its position in shares of Sensata Technologies by 17.0% in the 4th quarter. Advisors Asset Management Inc. now owns 13,840 shares of the scientific and technical instruments company’s stock valued at $621,000 after acquiring an additional 2,008 shares during the period. State Board of Administration of Florida Retirement System raised its holdings in Sensata Technologies by 11.0% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 182,939 shares of the scientific and technical instruments company’s stock valued at $8,203,000 after acquiring an additional 18,203 shares during the last quarter. Creative Planning acquired a new stake in Sensata Technologies in the 4th quarter valued at about $284,000. Financial Counselors Inc. raised its holdings in Sensata Technologies by 5.8% in the 4th quarter. Financial Counselors Inc. now owns 10,810 shares of the scientific and technical instruments company’s stock valued at $485,000 after acquiring an additional 591 shares during the last quarter. Finally, ETF Managers Group LLC increased its holdings in shares of Sensata Technologies by 15.7% during the 4th quarter. ETF Managers Group LLC now owns 2,514 shares of the scientific and technical instruments company’s stock worth $113,000 after buying an additional 342 shares during the last quarter. 94.99% of the stock is currently owned by institutional investors and hedge funds.
ST has been the subject of a number of recent analyst reports. Jefferies Financial Group raised their price target on shares of Sensata Technologies from $59.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, March 18th. ValuEngine upgraded shares of Sensata Technologies from a “sell” rating to a “hold” rating in a report on Thursday, April 18th. Evercore ISI started coverage on shares of Sensata Technologies in a research report on Wednesday, June 5th. They issued an “in-line” rating and a $50.00 price target for the company. Longbow Research cut shares of Sensata Technologies from a “buy” rating to a “neutral” rating and set a $45.84 price target for the company. in a research report on Monday, June 17th. Finally, JPMorgan Chase & Co. lowered shares of Sensata Technologies from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $60.00 to $57.00 in a research note on Monday, April 22nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $52.62.
Sensata Technologies (NYSE:ST) last released its quarterly earnings data on Wednesday, May 1st. The scientific and technical instruments company reported $0.85 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.85. Sensata Technologies had a net margin of 16.93% and a return on equity of 24.35%. The business had revenue of $870.50 million for the quarter, compared to analysts’ expectations of $852.77 million. During the same quarter last year, the company earned $0.85 EPS. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. Analysts forecast that Sensata Technologies Holding PLC will post 3.94 EPS for the current year.
In related news, CEO Martha N. Sullivan sold 50,000 shares of the stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $49.50, for a total value of $2,475,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.00% of the stock is owned by company insiders.
About Sensata Technologies
Sensata Technologies Holding plc, through its subsidiary, Sensata Technologies Holding N.V., develops, manufactures, and sells a range of sensors and controls in the Americas, Asia, Europe, and internationally. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment develops and manufactures pressure sensors, speed and position sensors, and temperature sensors.
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