Guinness Atkinson Asset Management Inc Takes $679,000 Position in Sensata Technologies Holding N.V. $ST

Guinness Atkinson Asset Management Inc acquired a new position in Sensata Technologies Holding N.V. (NYSE:ST) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 22,340 shares of the scientific and technical instruments company’s stock, valued at approximately $679,000.

Other hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC lifted its holdings in shares of Sensata Technologies by 62.6% in the third quarter. True Wealth Design LLC now owns 1,135 shares of the scientific and technical instruments company’s stock valued at $35,000 after purchasing an additional 437 shares in the last quarter. NorthCrest Asset Manangement LLC increased its stake in shares of Sensata Technologies by 6.6% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 7,092 shares of the scientific and technical instruments company’s stock worth $217,000 after purchasing an additional 438 shares in the last quarter. Legacy Wealth Asset Management LLC raised its position in shares of Sensata Technologies by 3.1% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 14,912 shares of the scientific and technical instruments company’s stock worth $456,000 after purchasing an additional 450 shares during the last quarter. GAMMA Investing LLC lifted its stake in Sensata Technologies by 5.3% in the 3rd quarter. GAMMA Investing LLC now owns 9,686 shares of the scientific and technical instruments company’s stock valued at $296,000 after buying an additional 484 shares in the last quarter. Finally, Savant Capital LLC grew its holdings in Sensata Technologies by 4.1% during the 3rd quarter. Savant Capital LLC now owns 12,971 shares of the scientific and technical instruments company’s stock valued at $396,000 after buying an additional 511 shares during the last quarter. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Ali John Mirshekari sold 125,939 shares of Sensata Technologies stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $28.83, for a total value of $3,630,821.37. Following the transaction, the director owned 142,371 shares in the company, valued at approximately $4,104,555.93. This trade represents a 46.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David K. Stott sold 839 shares of the company’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $30.80, for a total value of $25,841.20. Following the sale, the executive vice president owned 35,444 shares of the company’s stock, valued at $1,091,675.20. This represents a 2.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 269,149 shares of company stock worth $7,776,297 in the last quarter. 0.89% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ST has been the topic of several recent research reports. Wells Fargo & Company upped their price objective on Sensata Technologies from $34.00 to $37.00 and gave the company an “equal weight” rating in a research report on Monday, January 12th. Barclays cut their target price on shares of Sensata Technologies from $43.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, January 12th. Oppenheimer reaffirmed an “outperform” rating and set a $43.00 price target on shares of Sensata Technologies in a research note on Wednesday, December 17th. Weiss Ratings reissued a “sell (d)” rating on shares of Sensata Technologies in a research report on Monday, December 29th. Finally, Evercore ISI set a $32.00 target price on shares of Sensata Technologies in a research report on Wednesday, October 29th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $36.10.

Sensata Technologies Price Performance

Sensata Technologies stock opened at $35.46 on Friday. Sensata Technologies Holding N.V. has a 1 year low of $17.32 and a 1 year high of $36.79. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.10 and a current ratio of 2.91. The firm has a 50 day moving average price of $34.37 and a 200 day moving average price of $32.40. The company has a market cap of $5.17 billion, a price-to-earnings ratio of -177.29, a PEG ratio of 1.36 and a beta of 1.16.

Sensata Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, February 11th. Sensata Technologies’s dividend payout ratio (DPR) is -240.00%.

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.