Louisiana State Employees Retirement System Purchases Shares of 42,200 Sensata Technologies Holding N.V. $ST

Louisiana State Employees Retirement System acquired a new stake in Sensata Technologies Holding N.V. (NYSE:ST) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 42,200 shares of the scientific and technical instruments company’s stock, valued at approximately $1,486,000.

Several other institutional investors have also recently made changes to their positions in ST. CIBC Private Wealth Group LLC raised its stake in Sensata Technologies by 700.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 832 shares of the scientific and technical instruments company’s stock valued at $28,000 after purchasing an additional 728 shares during the period. EFG International AG bought a new position in Sensata Technologies in the 4th quarter worth approximately $33,000. EverSource Wealth Advisors LLC boosted its stake in Sensata Technologies by 244.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,178 shares of the scientific and technical instruments company’s stock worth $35,000 after purchasing an additional 836 shares during the period. Parallel Advisors LLC grew its holdings in Sensata Technologies by 62.7% during the 4th quarter. Parallel Advisors LLC now owns 1,072 shares of the scientific and technical instruments company’s stock valued at $36,000 after buying an additional 413 shares in the last quarter. Finally, Atlas Capital Advisors Inc. purchased a new stake in Sensata Technologies during the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Sensata Technologies Stock Performance

NYSE:ST opened at $45.35 on Friday. The company has a market cap of $6.59 billion, a price-to-earnings ratio of 146.28, a PEG ratio of 1.34 and a beta of 1.27. Sensata Technologies Holding N.V. has a 1 year low of $28.16 and a 1 year high of $53.89. The stock’s 50 day simple moving average is $47.60 and its two-hundred day simple moving average is $39.77. 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 earnings results on Tuesday, March 31st. The scientific and technical instruments company reported $0.86 EPS for the quarter. The firm 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%. As a group, equities analysts anticipate that Sensata Technologies Holding N.V. will post 3.73 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors 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 1.1%. Sensata Technologies’s dividend payout ratio is presently 154.84%.

Insiders Place Their Bets

In other Sensata Technologies news, EVP Lynne J. Caljouw sold 2,913 shares of the stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $34.71, for a total transaction of $101,110.23. Following the completion of the transaction, the executive vice president owned 72,842 shares in the company, valued at $2,528,345.82. This trade represents a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP David K. Stott sold 6,335 shares of Sensata Technologies stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $47.40, for a total transaction of $300,279.00. Following the completion of the transaction, the executive vice president directly owned 39,687 shares of the company’s stock, valued at $1,881,163.80. The trade was a 13.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.65% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ST shares. UBS Group reiterated a “buy” rating and set a $57.00 price objective on shares of Sensata Technologies in a research report on Tuesday, June 2nd. Truist Financial upgraded shares of Sensata Technologies from a “hold” rating to a “buy” rating and upped their target price for the stock from $43.00 to $58.00 in a research report on Wednesday, May 13th. Weiss Ratings raised shares of Sensata Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. Oppenheimer lifted their price target on shares of Sensata Technologies from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Finally, The Goldman Sachs Group boosted their price target on shares of Sensata Technologies from $48.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $47.80.

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.