Schroder Investment Management Group increased its stake in Sensata Technologies Holding PLC (NYSE:ST) by 431.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 741,728 shares of the scientific and technical instruments company’s stock after purchasing an additional 602,102 shares during the quarter. Schroder Investment Management Group owned approximately 0.43% of Sensata Technologies worth $35,292,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of ST. Fort L.P. bought a new stake in shares of Sensata Technologies in the 2nd quarter worth approximately $111,000. GSA Capital Partners LLP bought a new stake in Sensata Technologies during the 1st quarter valued at $132,000. Gideon Capital Advisors Inc. bought a new stake in Sensata Technologies during the 2nd quarter valued at $207,000. John G Ullman & Associates Inc. bought a new stake in Sensata Technologies during the 2nd quarter valued at $247,000. Finally, Alps Advisors Inc. bought a new stake in Sensata Technologies during the 2nd quarter valued at $261,000.
In related news, EVP Jeffrey J. Cote sold 570 shares of the company’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $50.00, for a total value of $28,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Steven Beringhause sold 20,253 shares of the company’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $54.81, for a total transaction of $1,110,066.93. The disclosure for this sale can be found here. Insiders sold 64,070 shares of company stock valued at $3,527,776 over the last quarter. 2.00% of the stock is owned by company insiders.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research cut shares of Sensata Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. ValuEngine cut shares of Sensata Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, June 20th. JPMorgan Chase & Co. reissued a “buy” rating and set a $69.00 target price on shares of Sensata Technologies in a report on Tuesday, September 11th. Morgan Stanley cut shares of Sensata Technologies from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $55.00 to $47.00 in a report on Monday, September 17th. Finally, Canaccord Genuity began coverage on shares of Sensata Technologies in a report on Friday, August 3rd. They issued a “buy” rating and a $70.00 price target on the stock. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $59.00.
Sensata Technologies stock opened at $45.27 on Thursday. The firm has a market capitalization of $8.49 billion, a PE ratio of 14.19, a PEG ratio of 1.26 and a beta of 1.60. Sensata Technologies Holding PLC has a fifty-two week low of $44.13 and a fifty-two week high of $57.40. The company has a current ratio of 3.38, a quick ratio of 2.65 and a debt-to-equity ratio of 1.29.
Sensata Technologies (NYSE:ST) last released its quarterly earnings results on Tuesday, July 24th. The scientific and technical instruments company reported $0.93 earnings per share for the quarter, hitting the consensus estimate of $0.93. The firm had revenue of $914.00 million for the quarter, compared to analysts’ expectations of $906.90 million. Sensata Technologies had a net margin of 13.09% and a return on equity of 25.09%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 earnings per share. As a group, sell-side analysts anticipate that Sensata Technologies Holding PLC will post 3.68 earnings per share for the current year.
About Sensata Technologies
Sensata Technologies Holding PLC would be operating as a holding company for Sensata Technologies Holding N.V. that develops, manufactures, and sells sensors and controls in the Americas, Asia, and Europe. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment supplies pressure sensors, speed and position sensors, temperature sensors, and pressure switches.
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