AXQ Capital LP Invests $509,000 in Sensata Technologies Holding N.V. $ST

AXQ Capital LP purchased a new stake in shares of Sensata Technologies Holding N.V. (NYSE:ST) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 15,281 shares of the scientific and technical instruments company’s stock, valued at approximately $509,000.

Other large investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its position in Sensata Technologies by 659.7% in the third quarter. Smartleaf Asset Management LLC now owns 904 shares of the scientific and technical instruments company’s stock worth $27,000 after acquiring an additional 785 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Sensata Technologies by 244.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,178 shares of the scientific and technical instruments company’s stock worth $35,000 after purchasing an additional 836 shares during the period. Quarry LP increased its position in shares of Sensata Technologies by 155,200.0% during the 3rd quarter. Quarry LP now owns 1,553 shares of the scientific and technical instruments company’s stock worth $47,000 after purchasing an additional 1,552 shares during the last quarter. Larson Financial Group LLC increased its position in shares of Sensata Technologies by 227.9% during the 4th quarter. Larson Financial Group LLC now owns 1,446 shares of the scientific and technical instruments company’s stock worth $48,000 after purchasing an additional 1,005 shares during the last quarter. Finally, Global Retirement Partners LLC raised its holdings in Sensata Technologies by 117.8% in the 4th quarter. Global Retirement Partners LLC now owns 1,784 shares of the scientific and technical instruments company’s stock valued at $59,000 after buying an additional 965 shares during the period. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP David K. Stott sold 6,335 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $47.40, for a total transaction of $300,279.00. Following the completion of the transaction, the executive vice president directly owned 39,687 shares of the company’s stock, valued at approximately $1,881,163.80. The trade was a 13.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Lynne J. Caljouw sold 2,913 shares of the company’s stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $34.71, for a total transaction of $101,110.23. Following the sale, the executive vice president owned 72,842 shares in the company, valued at $2,528,345.82. The trade was a 3.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 11,728 shares of company stock worth $486,949. 0.65% of the stock is owned by company insiders.

Sensata Technologies Price Performance

Sensata Technologies stock opened at $53.39 on Thursday. The company has a quick ratio of 1.95, a current ratio of 2.75 and a debt-to-equity ratio of 1.00. Sensata Technologies Holding N.V. has a 52-week low of $26.32 and a 52-week high of $53.89. The firm has a market cap of $7.76 billion, a PE ratio of 172.23, a price-to-earnings-growth ratio of 1.53 and a beta of 1.26. The company’s 50 day moving average is $42.51 and its two-hundred day moving average is $37.23.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings data on Tuesday, March 31st. The scientific and technical instruments company reported $0.86 earnings per share for the quarter. The business had revenue of $934.80 million for the quarter. Sensata Technologies had a return on equity of 18.23% and a net margin of 1.28%. On average, research analysts expect that Sensata Technologies Holding N.V. will post 3.73 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were issued a dividend of $0.12 per share. The ex-dividend date was Wednesday, May 13th. This represents a $0.48 annualized dividend and a yield of 0.9%. Sensata Technologies’s dividend payout ratio is 154.84%.

Analysts Set New Price Targets

A number of research analysts have commented on ST shares. Truist Financial raised shares of Sensata Technologies from a “hold” rating to a “buy” rating and upped their target price for the company from $43.00 to $58.00 in a research report on Wednesday, May 13th. Oppenheimer boosted their price target on shares of Sensata Technologies from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Bank of America upped their price objective on shares of Sensata Technologies from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Wall Street Zen cut shares of Sensata Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Wells Fargo & Company lifted their target price on shares of Sensata Technologies from $42.00 to $48.00 and gave the company an “equal weight” rating in a report on Tuesday. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $47.70.

Sensata Technologies Profile

Sensata Technologies Holdings N.V. is a global industrial technology company specializing in the design, development and manufacture of sensors and electrical protection solutions. The company’s product portfolio includes pressure, temperature, position, speed, current and magnetic sensors, as well as circuit breakers and other protection devices. Sensata’s offerings serve a wide array of end markets, with a particularly strong presence in automotive original equipment manufacturers (OEMs), industrial automation, heating, ventilation and air conditioning (HVAC), commercial aerospace and renewable energy sectors.

Headquartered in Attleboro, Massachusetts, Sensata operates a network of manufacturing and engineering facilities across North America, Europe, Asia Pacific and Latin America.