Los Angeles Capital Management LLC Trims Stake in Sensata Technologies Holding N.V. $ST

Los Angeles Capital Management LLC trimmed its stake in Sensata Technologies Holding N.V. (NYSE:ST) by 6.5% in the 4th quarter, HoldingsChannel reports. The firm owned 169,317 shares of the scientific and technical instruments company’s stock after selling 11,864 shares during the period. Los Angeles Capital Management LLC’s holdings in Sensata Technologies were worth $5,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Woodline Partners LP lifted its stake in shares of Sensata Technologies by 165.4% during the 3rd quarter. Woodline Partners LP now owns 4,975,745 shares of the scientific and technical instruments company’s stock valued at $152,009,000 after buying an additional 3,100,927 shares in the last quarter. Pzena Investment Management LLC lifted its stake in shares of Sensata Technologies by 380.4% during the 4th quarter. Pzena Investment Management LLC now owns 3,509,416 shares of the scientific and technical instruments company’s stock valued at $116,828,000 after buying an additional 2,778,918 shares in the last quarter. Norges Bank purchased a new position in shares of Sensata Technologies during the 4th quarter valued at $62,966,000. First Trust Advisors LP purchased a new position in shares of Sensata Technologies during the 2nd quarter valued at $21,786,000. Finally, Balyasny Asset Management L.P. lifted its stake in shares of Sensata Technologies by 215.9% during the 2nd quarter. Balyasny Asset Management L.P. now owns 821,001 shares of the scientific and technical instruments company’s stock valued at $24,720,000 after buying an additional 561,083 shares in the last quarter. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ST has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their target price on shares of Sensata Technologies from $48.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Bank of America lifted their target price on shares of Sensata Technologies from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Robert W. Baird lifted their price target on shares of Sensata Technologies from $39.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Barclays cut shares of Sensata Technologies from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $49.00 to $53.00 in a research note on Friday, May 29th. Finally, UBS Group reiterated a “buy” rating and issued a $57.00 price target on shares of Sensata Technologies in a research note on Tuesday, June 2nd. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Sensata Technologies currently has an average rating of “Hold” and a consensus price target of $47.70.

Insider Transactions at Sensata Technologies

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

Sensata Technologies Stock Performance

Sensata Technologies stock opened at $50.24 on Tuesday. The company’s 50-day moving average price is $43.40 and its 200-day moving average price is $37.69. Sensata Technologies Holding N.V. has a twelve month low of $26.95 and a twelve month high of $53.89. The company has a quick ratio of 1.95, a current ratio of 2.75 and a debt-to-equity ratio of 1.00. The company has a market cap of $7.31 billion, a PE ratio of 162.07, a price-to-earnings-growth ratio of 1.44 and a beta of 1.26.

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

Sensata Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Wednesday, May 13th. Sensata Technologies’s dividend payout ratio is currently 154.84%.

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.