Oppenheimer & Co. Inc. boosted its position in Sensata Technologies Holding (NYSE:ST) by 22.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,274 shares of the scientific and technical instruments company’s stock after acquiring an additional 2,793 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Sensata Technologies were worth $781,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Skba Capital Management LLC bought a new position in Sensata Technologies in the third quarter valued at $201,000. BB&T Corp bought a new position in shares of Sensata Technologies during the fourth quarter valued at about $215,000. Saturna Capital CORP bought a new position in shares of Sensata Technologies during the third quarter valued at about $249,000. BT Investment Management Ltd bought a new position in shares of Sensata Technologies during the third quarter valued at about $264,000. Finally, Greenwood Capital Associates LLC bought a new position in shares of Sensata Technologies during the fourth quarter valued at about $285,000.
Shares of Sensata Technologies Holding (NYSE ST) opened at $53.86 on Tuesday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.23 and a current ratio of 2.94. The firm has a market cap of $9,232.23, a PE ratio of 22.73, a PEG ratio of 1.47 and a beta of 1.52. Sensata Technologies Holding has a 1-year low of $38.71 and a 1-year high of $57.40.
Sensata Technologies (NYSE:ST) last posted its earnings results on Thursday, February 1st. The scientific and technical instruments company reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.02. The company had revenue of $840.53 million during the quarter, compared to analyst estimates of $822.31 million. Sensata Technologies had a net margin of 12.35% and a return on equity of 25.40%. Sensata Technologies’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 earnings per share. research analysts predict that Sensata Technologies Holding will post 3.65 EPS for the current year.
A number of research analysts have recently issued reports on the company. Barclays raised their price objective on Sensata Technologies from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Morgan Stanley raised 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. ValuEngine raised Sensata Technologies from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $63.00 price objective on shares of Sensata Technologies in a research note on Thursday, February 1st. Finally, Zacks Investment Research cut Sensata Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 30th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $57.00.
In other news, EVP Steven Beringhause sold 3,720 shares of the stock in a transaction dated Wednesday, January 17th. The shares were 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 Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.00% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Sensata Technologies Holding (ST) Shares Bought by Oppenheimer & Co. Inc.” was originally posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this news story on another website, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this news story can be accessed at https://www.thelincolnianonline.com/2018/02/20/sensata-technologies-holding-st-shares-bought-by-oppenheimer-co-inc.html.
About Sensata Technologies
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.