SG Capital Management LLC Trims Stock Holdings in Sensata Technologies Holding N.V. $ST

SG Capital Management LLC lowered its stake in shares of Sensata Technologies Holding N.V. (NYSE:ST) by 14.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 675,486 shares of the scientific and technical instruments company’s stock after selling 117,491 shares during the period. Sensata Technologies accounts for approximately 1.8% of SG Capital Management LLC’s portfolio, making the stock its 19th largest holding. SG Capital Management LLC owned 0.46% of Sensata Technologies worth $20,636,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Pzena Investment Management LLC bought a new stake in shares of Sensata Technologies during the 3rd quarter valued at $22,317,000. Syon Capital LLC grew its holdings in Sensata Technologies by 27.1% during the 3rd quarter. Syon Capital LLC now owns 34,937 shares of the scientific and technical instruments company’s stock valued at $1,067,000 after buying an additional 7,440 shares in the last quarter. Heartland Advisors Inc. increased its position in shares of Sensata Technologies by 13.8% during the third quarter. Heartland Advisors Inc. now owns 127,975 shares of the scientific and technical instruments company’s stock valued at $3,910,000 after buying an additional 15,500 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Sensata Technologies by 2.4% in the third quarter. Vanguard Group Inc. now owns 14,997,522 shares of the scientific and technical instruments company’s stock worth $458,174,000 after buying an additional 346,547 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position 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 valued at $285,000 after acquiring an additional 426 shares during the period. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Sensata Technologies Price Performance

Shares of Sensata Technologies stock opened at $36.71 on Thursday. The firm has a market capitalization of $5.35 billion, a PE ratio of -183.52, a price-to-earnings-growth ratio of 1.39 and a beta of 1.16. The company has a current ratio of 2.91, a quick ratio of 2.10 and a debt-to-equity ratio of 1.18. Sensata Technologies Holding N.V. has a 12 month low of $17.32 and a 12 month high of $37.95. The business’s 50-day moving average price is $34.94 and its 200-day moving average price is $32.70.

Sensata Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 11th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, February 11th. Sensata Technologies’s payout ratio is presently -240.00%.

Insiders Place Their Bets

In other Sensata Technologies news, EVP Lynne J. Caljouw sold 2,496 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $37.53, for a total transaction of $93,674.88. Following the completion of the sale, the executive vice president directly owned 64,040 shares in the company, valued at $2,403,421.20. This represents a 3.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ali John Mirshekari sold 33,933 shares of Sensata Technologies stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $29.53, for a total value of $1,002,041.49. The SEC filing for this sale provides additional information. 0.89% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ST has been the topic of a number of analyst reports. Wells Fargo & Company upped their target price 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. Barclays reduced their price target on shares of Sensata Technologies from $43.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. Evercore set a $32.00 price target on shares of Sensata Technologies in a report on Wednesday, October 29th. Weiss Ratings reissued a “sell (d)” rating on shares of Sensata Technologies in a research note on Monday, December 29th. Finally, Oppenheimer restated an “outperform” rating and set a $43.00 target price on shares of Sensata Technologies in a research report on Wednesday, December 17th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Sensata Technologies has an average rating of “Hold” and a consensus price target of $36.10.

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.