8,120 Shares in Sensata Technologies Holding (ST) Acquired by Cubist Systematic Strategies LLC
Cubist Systematic Strategies LLC purchased a new position in shares of Sensata Technologies Holding (NYSE:ST) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 8,120 shares of the scientific and technical instruments company’s stock, valued at approximately $390,000.
A number of other large investors have also modified their holdings of ST. Skba Capital Management LLC bought a new stake in shares of Sensata Technologies in the 3rd quarter valued at about $201,000. Tredje AP fonden raised its holdings in shares of Sensata Technologies by 174.7% in the 2nd quarter. Tredje AP fonden now owns 4,780 shares of the scientific and technical instruments company’s stock valued at $204,000 after purchasing an additional 3,040 shares during the period. Aberdeen Asset Management PLC UK bought a new stake in shares of Sensata Technologies in the 2nd quarter valued at about $206,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Sensata Technologies in the 2nd quarter valued at about $216,000. Finally, QCM Cayman Ltd. raised its holdings in shares of Sensata Technologies by 1.4% in the 2nd quarter. QCM Cayman Ltd. now owns 5,210 shares of the scientific and technical instruments company’s stock valued at $223,000 after purchasing an additional 74 shares during the period.
In other Sensata Technologies news, EVP Steven Beringhause sold 7,588 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $51.18, for a total transaction of $388,353.84. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul B. Edgerley bought 200,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were acquired at an average price of $47.47 per share, for a total transaction of $9,494,000.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 87,588 shares of company stock worth $4,258,599. Company insiders own 1.00% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. Citigroup upped their target price on shares of Sensata Technologies from $49.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. BMO Capital Markets upped their target price on shares of Sensata Technologies from $45.00 to $47.00 and gave the company a “market perform” rating in a report on Wednesday, December 13th. JPMorgan Chase & Co. set a $60.00 price target on shares of Sensata Technologies and gave the company a “buy” rating in a research note on Wednesday, December 13th. Zacks Investment Research lowered shares of Sensata Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $54.00 price target on shares of Sensata Technologies in a research note on Friday, December 15th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $54.83.
Sensata Technologies Holding (NYSE ST) opened at $51.11 on Tuesday. Sensata Technologies Holding has a 52 week low of $38.71 and a 52 week high of $53.30. The company has a market cap of $8,754.96, a PE ratio of 28.71, a P/E/G ratio of 1.61 and a beta of 1.47. The company has a quick ratio of 2.04, a current ratio of 2.76 and a debt-to-equity ratio of 1.49.
Sensata Technologies (NYSE:ST) last announced its quarterly earnings results on Tuesday, October 24th. The scientific and technical instruments company reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.01. Sensata Technologies had a net margin of 9.39% and a return on equity of 25.75%. The business had revenue of $819.10 million for the quarter, compared to analyst estimates of $803.14 million. During the same quarter in the prior year, the business earned $0.74 EPS. Sensata Technologies’s quarterly revenue was up 3.7% on a year-over-year basis. equities analysts forecast that Sensata Technologies Holding will post 3.17 earnings per share for the current year.
Sensata Technologies Company Profile
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.
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