Goldman Sachs Group Inc. cut its stake in Sensata Technologies Holding (NYSE:ST) by 12.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,939,382 shares of the scientific and technical instruments company’s stock after selling 578,059 shares during the quarter. Goldman Sachs Group Inc. owned approximately 2.30% of Sensata Technologies worth $201,342,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. Guggenheim Capital LLC acquired a new position in shares of Sensata Technologies during the 4th quarter worth approximately $739,000. ArrowMark Colorado Holdings LLC raised its stake in shares of Sensata Technologies by 6.6% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 3,604,896 shares of the scientific and technical instruments company’s stock worth $184,246,000 after buying an additional 224,597 shares during the period. Advisor Group Inc. raised its stake in shares of Sensata Technologies by 73.5% during the 4th quarter. Advisor Group Inc. now owns 2,731 shares of the scientific and technical instruments company’s stock worth $140,000 after buying an additional 1,157 shares during the period. Ensemble Capital Management LLC raised its stake in shares of Sensata Technologies by 0.8% during the 4th quarter. Ensemble Capital Management LLC now owns 596,080 shares of the scientific and technical instruments company’s stock worth $30,466,000 after buying an additional 4,490 shares during the period. Finally, Gates Capital Management Inc. acquired a new position in shares of Sensata Technologies during the 4th quarter worth approximately $69,841,000.
In related news, EVP Steven Beringhause sold 3,720 shares of the stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $54.85, for a total transaction of $204,042.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.
Sensata Technologies (NYSE:ST) last released its quarterly earnings results on Thursday, February 1st. The scientific and technical instruments company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. The business had revenue of $840.53 million during the quarter, compared to analysts’ expectations of $822.31 million. Sensata Technologies had a return on equity of 25.40% and a net margin of 12.35%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.76 EPS. equities research analysts anticipate that Sensata Technologies Holding will post 3.65 earnings per share for the current year.
Several research analysts have recently weighed in on the company. BMO Capital Markets increased their price objective on Sensata Technologies from $45.00 to $47.00 and gave the company a “market perform” rating in a research note on Wednesday, December 13th. JPMorgan Chase & Co. set a $60.00 price objective on Sensata Technologies and gave the company a “buy” rating in a research note on Wednesday, December 13th. Zacks Investment Research downgraded Sensata Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. SunTrust Banks reissued a “hold” rating and issued a $54.00 price objective on shares of Sensata Technologies in a research note on Friday, December 15th. Finally, Morgan Stanley increased their price objective on Sensata Technologies from $53.00 to $55.00 and gave the company an “equal weight” rating in a research note on Friday, February 2nd. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $57.00.
COPYRIGHT VIOLATION NOTICE: This report was first posted by American Banking News and is the property of of American Banking News. If you are accessing this report on another publication, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The legal version of this report can be read at https://www.americanbankingnews.com/2018/03/12/goldman-sachs-group-inc-sells-578059-shares-of-sensata-technologies-holding-st.html.
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.
Want to see what other hedge funds are holding ST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sensata Technologies Holding (NYSE:ST).
Receive News & Ratings for Sensata Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sensata Technologies and related companies with MarketBeat.com's FREE daily email newsletter.