Invenomic Capital Management LP Has $40.53 Million Stock Position in Sensata Technologies Holding N.V. $ST

Invenomic Capital Management LP grew its stake in Sensata Technologies Holding N.V. (NYSE:ST) by 3.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,217,415 shares of the scientific and technical instruments company’s stock after buying an additional 45,160 shares during the period. Sensata Technologies makes up about 1.9% of Invenomic Capital Management LP’s holdings, making the stock its 11th biggest holding. Invenomic Capital Management LP’s holdings in Sensata Technologies were worth $40,528,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in ST. Woodline Partners LP lifted its stake in shares of Sensata Technologies by 165.4% in the 3rd quarter. Woodline Partners LP now owns 4,975,745 shares of the scientific and technical instruments company’s stock valued at $152,009,000 after purchasing an additional 3,100,927 shares during the period. Pzena Investment Management LLC lifted its stake in shares of Sensata Technologies by 380.4% in the 4th quarter. Pzena Investment Management LLC now owns 3,509,416 shares of the scientific and technical instruments company’s stock valued at $116,828,000 after purchasing an additional 2,778,918 shares during the period. Norges Bank acquired a new position in shares of Sensata Technologies in the 4th quarter valued at $62,966,000. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Sensata Technologies by 28.7% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,313,603 shares of the scientific and technical instruments company’s stock valued at $143,600,000 after purchasing an additional 961,457 shares during the period. Finally, First Trust Advisors LP acquired a new stake in Sensata Technologies during the 2nd quarter worth $21,786,000. Institutional investors and hedge funds own 99.42% of the company’s stock.

Analyst Ratings Changes

ST has been the topic of several research analyst reports. UBS Group reaffirmed a “buy” rating and set a $57.00 price objective on shares of Sensata Technologies in a research note on Tuesday, June 2nd. Wells Fargo & Company raised their price objective on Sensata Technologies from $42.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 2nd. Robert W. Baird raised their price objective on Sensata Technologies from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Barclays downgraded Sensata Technologies from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $49.00 to $53.00 in a research note on Friday, May 29th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Sensata Technologies in a research note on Friday, May 29th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $47.70.

Sensata Technologies Stock Performance

ST opened at $49.50 on Thursday. The business’s 50-day moving average price is $45.51 and its two-hundred day moving average price is $38.64. Sensata Technologies Holding N.V. has a 1 year low of $27.66 and a 1 year high of $53.89. The company has a market capitalization of $7.20 billion, a price-to-earnings ratio of 159.69, a P/E/G ratio of 1.45 and a beta of 1.26. 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 released its quarterly earnings results on Tuesday, March 31st. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter. Sensata Technologies had a return on equity of 18.23% and a net margin of 1.28%.The firm had revenue of $934.80 million for the quarter. Equities analysts expect that Sensata Technologies Holding N.V. will post 3.73 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $0.48 annualized dividend and a dividend yield of 1.0%. Sensata Technologies’s dividend payout ratio (DPR) is currently 154.84%.

Insider Activity

In other Sensata Technologies news, EVP Lynne J. Caljouw sold 2,913 shares of Sensata Technologies stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $34.71, for a total value of $101,110.23. Following the sale, the executive vice president owned 72,842 shares of the company’s stock, valued at $2,528,345.82. This trade represents a 3.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP David K. Stott sold 6,335 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $47.40, for a total value of $300,279.00. Following the completion of the transaction, the executive vice president owned 39,687 shares of the company’s stock, valued at $1,881,163.80. The trade was a 13.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.65% of the company’s stock.

Sensata Technologies Company 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.