Pzena Investment Management LLC Purchases New Position in Sensata Technologies Holding N.V. $ST

Pzena Investment Management LLC acquired a new stake in Sensata Technologies Holding N.V. (NYSE:ST) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 730,498 shares of the scientific and technical instruments company’s stock, valued at approximately $22,317,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of ST. Norges Bank acquired a new stake in shares of Sensata Technologies in the second quarter valued at about $53,385,000. SG Capital Management LLC purchased a new position in Sensata Technologies in the 2nd quarter worth approximately $23,877,000. First Trust Advisors LP acquired a new stake in Sensata Technologies in the second quarter valued at approximately $21,786,000. Nomura Holdings Inc. acquired a new stake in Sensata Technologies in the second quarter valued at approximately $18,066,000. Finally, Balyasny Asset Management L.P. raised its stake in shares of Sensata Technologies by 215.9% during the second quarter. Balyasny Asset Management L.P. now owns 821,001 shares of the scientific and technical instruments company’s stock valued at $24,720,000 after purchasing an additional 561,083 shares during the period. Institutional investors and hedge funds own 99.42% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ST shares. Barclays decreased 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. Weiss Ratings reissued a “sell (d)” rating on shares of Sensata Technologies in a research report on Monday, December 29th. Wells Fargo & Company lifted their target price on Sensata Technologies from $34.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Monday, January 12th. Evercore set a $32.00 price target on Sensata Technologies in a report on Wednesday, October 29th. Finally, Oppenheimer restated an “outperform” rating and set a $43.00 price objective on shares of Sensata Technologies in a report on Wednesday, December 17th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $36.10.

Insider Activity at Sensata Technologies

In other news, EVP Lynne J. Caljouw sold 2,496 shares of Sensata Technologies stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $37.53, for a total value of $93,674.88. Following the completion of the transaction, the executive vice president directly owned 64,040 shares of the company’s stock, valued at approximately $2,403,421.20. The trade was a 3.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.89% of the company’s stock.

Sensata Technologies Stock Performance

ST stock opened at $36.16 on Friday. The stock’s 50 day simple moving average is $34.94 and its 200 day simple moving average is $32.72. Sensata Technologies Holding N.V. has a 12-month low of $17.32 and a 12-month high of $37.95. The firm has a market cap of $5.27 billion, a P/E ratio of -180.79, a P/E/G ratio of 1.38 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 11th will be given 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 dividend payout ratio (DPR) is presently -240.00%.

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.