Ledyard National Bank Grows Position in Sensata Technologies Holding plc (NYSE:ST)


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Ledyard National Bank lifted its holdings in shares of Sensata Technologies Holding plc (NYSE:ST) by 3.0% in the first quarter, HoldingsChannel.com reports. The firm owned 6,153 shares of the scientific and technical instruments company’s stock after acquiring an additional 180 shares during the quarter. Ledyard National Bank’s holdings in Sensata Technologies were worth $357,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ST. Cornerstone Wealth Group LLC purchased a new position in Sensata Technologies during the 1st quarter valued at about $2,569,000. Zweig DiMenna Associates LLC purchased a new position in Sensata Technologies during the 1st quarter worth approximately $3,413,000. KBC Group NV boosted its stake in shares of Sensata Technologies by 69.4% in the first quarter. KBC Group NV now owns 30,415 shares of the scientific and technical instruments company’s stock valued at $1,763,000 after buying an additional 12,458 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Sensata Technologies by 3,655.7% in the first quarter. Robeco Institutional Asset Management B.V. now owns 1,687,764 shares of the scientific and technical instruments company’s stock worth $97,807,000 after acquiring an additional 1,642,825 shares during the last quarter. Finally, Strs Ohio grew its position in Sensata Technologies by 28.2% during the first quarter. Strs Ohio now owns 29,615 shares of the scientific and technical instruments company’s stock valued at $1,716,000 after acquiring an additional 6,510 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Shares of NYSE:ST opened at $57.56 on Tuesday. The company’s 50-day moving average price is $59.38 and its two-hundred day moving average price is $54.21. The company has a debt-to-equity ratio of 1.55, a current ratio of 4.33 and a quick ratio of 3.63. Sensata Technologies Holding plc has a one year low of $31.50 and a one year high of $64.80. The stock has a market capitalization of $9.10 billion, a PE ratio of 94.36, a price-to-earnings-growth ratio of 1.56 and a beta of 1.57.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Tuesday, April 27th. The scientific and technical instruments company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.74 by $0.12. Sensata Technologies had a net margin of 3.22% and a return on equity of 14.00%. The firm had revenue of $942.53 million for the quarter, compared to analysts’ expectations of $893.02 million. During the same period in the previous year, the firm posted $0.53 EPS. The company’s revenue for the quarter was up 21.7% on a year-over-year basis. On average, analysts anticipate that Sensata Technologies Holding plc will post 2.12 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on ST. Morgan Stanley increased their price objective on Sensata Technologies from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, April 28th. Barclays increased their price objective on Sensata Technologies from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, April 15th. Evercore ISI upgraded Sensata Technologies from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $60.00 to $67.00 in a report on Monday, April 26th. JPMorgan Chase & Co. upgraded Sensata Technologies from a “neutral” rating to an “overweight” rating and raised their target price for the company from $61.00 to $72.00 in a report on Monday, March 8th. Finally, Royal Bank of Canada raised their price target on Sensata Technologies from $66.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, April 28th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $61.55.

About Sensata Technologies

Sensata Technologies Holding plc, through its subsidiaries, develops, manufactures, and sells sensors, sensor-based solutions, controls, and other products in the Americas, Europe, Asia, and internationally. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment offers pressure sensors, including microfused strain gage, ceramic capacitive, and micro-electromechanical sensors; speed and position sensors, such as magnetic speed and position sensors, and mechanical/electrical control systems; and temperature sensors.

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Institutional Ownership by Quarter for Sensata Technologies (NYSE:ST)

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