ClearAlpha Technologies LP Invests $455,000 in Sensata Technologies Holding N.V. $ST

ClearAlpha Technologies LP acquired a new position in Sensata Technologies Holding N.V. (NYSE:ST) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 13,667 shares of the scientific and technical instruments company’s stock, valued at approximately $455,000. Sensata Technologies comprises 1.3% of ClearAlpha Technologies LP’s investment portfolio, making the stock its 25th biggest holding.

Several other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. raised its stake in shares of Sensata Technologies by 20.5% in the fourth quarter. UMB Bank n.a. now owns 1,678 shares of the scientific and technical instruments company’s stock worth $56,000 after purchasing an additional 286 shares during the last quarter. Inscription Capital LLC raised its stake in shares of Sensata Technologies by 1.4% in the fourth quarter. Inscription Capital LLC now owns 27,946 shares of the scientific and technical instruments company’s stock worth $930,000 after purchasing an additional 393 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Sensata Technologies by 3.8% in the third quarter. Quadrant Capital Group LLC now owns 10,981 shares of the scientific and technical instruments company’s stock worth $335,000 after purchasing an additional 397 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of Sensata Technologies by 62.7% in the fourth quarter. Parallel Advisors LLC now owns 1,072 shares of the scientific and technical instruments company’s stock worth $36,000 after purchasing an additional 413 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Sensata Technologies by 4.8% in the third quarter. PNC Financial Services Group Inc. now owns 9,338 shares of the scientific and technical instruments company’s stock worth $285,000 after purchasing an additional 426 shares during the last quarter. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wall Street Zen cut Sensata Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 2nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Sensata Technologies in a research report on Friday, May 29th. Barclays cut Sensata Technologies from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $49.00 to $53.00 in a research report on Friday, May 29th. Truist Financial upgraded Sensata Technologies from a “hold” rating to a “buy” rating and lifted their price target for the company from $43.00 to $58.00 in a research report on Wednesday, May 13th. Finally, Robert W. Baird lifted their price target on Sensata Technologies from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Four 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $47.70.

Sensata Technologies Stock Down 1.5%

Sensata Technologies stock opened at $49.50 on Thursday. The stock has a market capitalization of $7.20 billion, a PE ratio of 159.69, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. Sensata Technologies Holding N.V. has a 12 month low of $27.66 and a 12 month high of $53.89. The business has a 50 day simple moving average of $45.51 and a 200-day simple moving average of $38.64. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.75 and a quick ratio of 1.95.

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

Sensata Technologies Dividend Announcement

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

Insiders Place Their Bets

In other Sensata Technologies news, EVP Lynne J. Caljouw sold 2,913 shares of the business’s stock in a transaction 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 transaction, the executive vice president owned 72,842 shares of the company’s stock, valued at approximately $2,528,345.82. The trade was a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP David K. Stott sold 6,335 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $47.40, for a total value of $300,279.00. Following the transaction, the executive vice president directly owned 39,687 shares in the company, valued at $1,881,163.80. This trade represents a 13.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.65% of the company’s stock.

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.