Zurcher Kantonalbank Zurich Cantonalbank reduced its position in Sensata Technologies Holding (NYSE:ST) by 18.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,382 shares of the scientific and technical instruments company’s stock after selling 12,051 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Sensata Technologies were worth $2,779,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Skba Capital Management LLC bought a new position in shares of Sensata Technologies in the 3rd quarter worth $201,000. BB&T Corp bought a new position in shares of Sensata Technologies in the 4th quarter worth $215,000. Saturna Capital CORP bought a new position in shares of Sensata Technologies in the 3rd quarter worth $249,000. BT Investment Management Ltd bought a new position in shares of Sensata Technologies in the 3rd quarter worth $264,000. Finally, AHL Partners LLP bought a new position in shares of Sensata Technologies in the 2nd quarter worth $298,000.
A number of equities analysts recently issued reports on the company. BMO Capital Markets reiterated a “hold” rating and issued a $51.00 target price on shares of Sensata Technologies in a report on Tuesday, January 30th. Stifel Nicolaus reiterated a “buy” rating and issued a $63.00 target price on shares of Sensata Technologies in a report on Thursday, February 1st. ValuEngine upgraded Sensata Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded Sensata Technologies from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a report on Friday, January 26th. Finally, Morgan Stanley increased their target price on Sensata Technologies from $53.00 to $55.00 and gave the stock an “equal weight” rating in a report on Friday, February 2nd. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $57.00.
In related news, Director Paul B. Edgerley acquired 200,000 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were acquired at an average cost of $47.47 per share, for a total transaction of $9,494,000.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Steven Beringhause sold 3,720 shares of the firm’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $54.85, for a total value of $204,042.00. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.
Sensata Technologies Holding (NYSE ST) opened at $51.26 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.23 and a current ratio of 2.94. Sensata Technologies Holding has a 52 week low of $38.71 and a 52 week high of $57.40. The firm has a market capitalization of $8,740.28, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 1.39 and a beta of 1.52.
Sensata Technologies (NYSE:ST) last issued its quarterly earnings data on Thursday, February 1st. The scientific and technical instruments company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.02. Sensata Technologies had a return on equity of 25.40% and a net margin of 12.35%. The business had revenue of $840.53 million for the quarter, compared to analysts’ expectations of $822.31 million. During the same period last year, the business earned $0.76 EPS. The business’s revenue was up 6.6% on a year-over-year basis. equities research analysts anticipate that Sensata Technologies Holding will post 3.65 earnings per share for the current year.
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Sensata Technologies Company Profile
Sensata Technologies Holding N.V. is an industrial technology company. The Company is engaged in the development, manufacture, and sale of sensors and controls. The Company operates through two segments: Performance Sensing and Sensing Solutions. It produces a range of sensors and controls for applications, such as pressure sensors in automotive systems, thermal circuit breakers in aircraft, and bimetal current and temperature control devices.
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