BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Reduces Position in Sensata Technologies Holding PLC (ST)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its stake in Sensata Technologies Holding PLC (NYSE:ST) by 10.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,511 shares of the scientific and technical instruments company’s stock after selling 6,766 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Sensata Technologies were worth $2,579,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ST. Diamond Hill Capital Management Inc. lifted its stake in Sensata Technologies by 144.3% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 2,816,416 shares of the scientific and technical instruments company’s stock valued at $126,288,000 after purchasing an additional 1,663,489 shares during the last quarter. Clearbridge Investments LLC lifted its stake in Sensata Technologies by 3,764.0% in the 3rd quarter. Clearbridge Investments LLC now owns 1,171,763 shares of the scientific and technical instruments company’s stock valued at $58,061,000 after purchasing an additional 1,141,438 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in Sensata Technologies by 26.9% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,974,204 shares of the scientific and technical instruments company’s stock valued at $147,404,000 after purchasing an additional 630,222 shares during the last quarter. New York State Common Retirement Fund lifted its stake in Sensata Technologies by 20.2% in the 4th quarter. New York State Common Retirement Fund now owns 1,392,430 shares of the scientific and technical instruments company’s stock valued at $62,437,000 after purchasing an additional 233,973 shares during the last quarter. Finally, Hallmark Capital Management Inc. bought a new position in Sensata Technologies in the 4th quarter valued at approximately $8,984,000. 99.54% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Steven Beringhause sold 60,000 shares of the stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $50.96, for a total transaction of $3,057,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey J. Cote sold 5,000 shares of the stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $50.00, for a total transaction of $250,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 165,000 shares of company stock valued at $8,073,600. 2.00% of the stock is currently owned by corporate insiders.

ST opened at $47.69 on Friday. Sensata Technologies Holding PLC has a twelve month low of $40.78 and a twelve month high of $56.28. The company has a quick ratio of 2.23, a current ratio of 3.00 and a debt-to-equity ratio of 1.25. The firm has a market cap of $8.33 billion, a PE ratio of 13.07, a PEG ratio of 1.03 and a beta of 1.31.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings data on Wednesday, February 6th. The scientific and technical instruments company reported $0.95 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.99 by ($0.04). Sensata Technologies had a return on equity of 24.94% and a net margin of 17.01%. The firm had revenue of $847.90 million for the quarter, compared to analyst estimates of $866.27 million. During the same quarter last year, the company earned $0.87 earnings per share. The company’s quarterly revenue was up .9% compared to the same quarter last year. As a group, research analysts anticipate that Sensata Technologies Holding PLC will post 3.99 earnings per share for the current fiscal year.

ST has been the subject of several recent research reports. SunTrust Banks upped their price target on shares of Sensata Technologies to $54.00 and gave the company a “hold” rating in a research report on Thursday, February 7th. Jefferies Financial Group initiated coverage on shares of Sensata Technologies in a research report on Tuesday, December 4th. They issued a “buy” rating and a $59.00 price target for the company. Zacks Investment Research upgraded shares of Sensata Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, January 22nd. Finally, Barclays set a $51.00 price target on shares of Sensata Technologies and gave the company a “buy” rating in a research report on Friday, January 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Sensata Technologies has an average rating of “Hold” and an average target price of $54.67.

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Sensata Technologies Profile

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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Institutional Ownership by Quarter for Sensata Technologies (NYSE:ST)

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