Krane Funds Advisors LLC lifted its stake in Sensata Technologies Holding N.V. (NYSE:ST – Free Report) by 535.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,230 shares of the scientific and technical instruments company’s stock after acquiring an additional 44,014 shares during the period. Krane Funds Advisors LLC’s holdings in Sensata Technologies were worth $1,622,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Sensata Technologies in the 2nd quarter worth $53,385,000. SG Capital Management LLC acquired a new stake in Sensata Technologies during the second quarter worth about $23,877,000. Pzena Investment Management LLC acquired a new stake in Sensata Technologies during the third quarter worth about $22,317,000. First Trust Advisors LP bought a new position in Sensata Technologies during the second quarter valued at about $21,786,000. Finally, Nomura Holdings Inc. acquired a new position in Sensata Technologies in the 2nd quarter valued at approximately $18,066,000. 99.42% of the stock is currently owned by institutional investors and hedge funds.
Sensata Technologies Stock Down 3.5%
NYSE ST opened at $37.00 on Tuesday. The stock’s 50 day simple moving average is $35.07 and its 200 day simple moving average is $32.87. Sensata Technologies Holding N.V. has a one year low of $17.32 and a one year high of $38.89. The firm has a market cap of $5.39 billion, a PE ratio of 194.75, a price-to-earnings-growth ratio of 1.45 and a beta of 1.16. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.57 and a quick ratio of 1.78.
Sensata Technologies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $0.48 dividend on an annualized basis and a yield of 1.3%. Sensata Technologies’s dividend payout ratio is currently 252.63%.
Insiders Place Their Bets
In other Sensata Technologies news, EVP Lynne J. Caljouw sold 2,496 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $37.53, for a total value of $93,674.88. Following the completion of the transaction, the executive vice president directly owned 64,040 shares of the company’s stock, valued at approximately $2,403,421.20. The trade was a 3.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.89% of the company’s stock.
Wall Street Analysts Forecast Growth
ST has been the topic of a number of research reports. Evercore set a $32.00 price objective on Sensata Technologies in a research report on Wednesday, October 29th. Truist Financial boosted their price target on shares of Sensata Technologies from $35.00 to $38.00 and gave the company a “hold” rating in a report on Friday. Wells Fargo & Company raised their price objective on shares of Sensata Technologies from $34.00 to $37.00 and gave the stock an “equal weight” rating in a report on Monday, January 12th. Robert W. Baird lifted their target price on shares of Sensata Technologies from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Wall Street Zen cut shares of Sensata Technologies from a “buy” rating to a “hold” rating in a research note on Saturday. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Sensata Technologies currently has a consensus rating of “Hold” and an average price target of $39.10.
View Our Latest Analysis on Sensata Technologies
About Sensata Technologies
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.
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