Redmond Asset Management LLC boosted its stake in Sensata Technologies Holding PLC (NYSE:ST) by 0.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 53,751 shares of the scientific and technical instruments company’s stock after acquiring an additional 410 shares during the period. Sensata Technologies accounts for 1.1% of Redmond Asset Management LLC’s portfolio, making the stock its 23rd biggest position. Redmond Asset Management LLC’s holdings in Sensata Technologies were worth $2,634,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in ST. Dimensional Fund Advisors LP lifted its holdings in shares of Sensata Technologies by 40.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,862,505 shares of the scientific and technical instruments company’s stock valued at $83,506,000 after acquiring an additional 538,229 shares in the last quarter. Two Sigma Advisers LP acquired a new position in shares of Sensata Technologies during the 4th quarter valued at $578,000. Geode Capital Management LLC lifted its holdings in shares of Sensata Technologies by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 1,542,401 shares of the scientific and technical instruments company’s stock valued at $69,111,000 after acquiring an additional 52,630 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Sensata Technologies during the 1st quarter valued at $384,000. Finally, Sciencast Management LP acquired a new position in shares of Sensata Technologies during the 1st quarter valued at $725,000. Institutional investors and hedge funds own 93.18% of the company’s stock.
Several research firms recently weighed in on ST. Zacks Investment Research upgraded shares of Sensata Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, July 31st. SunTrust Banks set a $53.00 target price on shares of Sensata Technologies and gave the company a “hold” rating in a report on Wednesday, July 31st. Longbow Research lowered shares of Sensata Technologies from a “buy” rating to a “neutral” rating and set a $45.84 target price on the stock. in a report on Monday, June 17th. Evercore ISI began coverage on shares of Sensata Technologies in a report on Wednesday, June 5th. They set an “in-line” rating and a $50.00 target price on the stock. Finally, JPMorgan Chase & Co. lowered shares of Sensata Technologies from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $60.00 to $57.00 in a report on Monday, April 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. Sensata Technologies presently has an average rating of “Hold” and a consensus target price of $51.68.
In related news, EVP Steven Beringhause sold 26,417 shares of Sensata Technologies stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $47.27, for a total transaction of $1,248,731.59. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.00% of the company’s stock.
Sensata Technologies stock traded down $0.11 during midday trading on Thursday, hitting $43.66. 14,357 shares of the stock were exchanged, compared to its average volume of 929,326. Sensata Technologies Holding PLC has a 1 year low of $40.78 and a 1 year high of $56.03. The stock has a market cap of $7.04 billion, a price-to-earnings ratio of 11.98, a P/E/G ratio of 1.03 and a beta of 1.42. The company has a debt-to-equity ratio of 1.24, a quick ratio of 2.35 and a current ratio of 3.13. The company has a 50 day simple moving average of $47.18.
Sensata Technologies (NYSE:ST) last released its quarterly earnings results on Tuesday, July 30th. The scientific and technical instruments company reported $0.93 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.01). Sensata Technologies had a return on equity of 23.71% and a net margin of 16.16%. The firm had revenue of $883.70 million for the quarter, compared to analysts’ expectations of $898.90 million. During the same period last year, the firm earned $0.93 EPS. The business’s quarterly revenue was down 3.3% on a year-over-year basis. On average, equities research analysts anticipate that Sensata Technologies Holding PLC will post 3.7 EPS for the current fiscal year.
About Sensata Technologies
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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