Harvey Investment Co. LLC lowered its stake in Sensata Technologies Holding PLC (NYSE:ST) by 1.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 544,164 shares of the scientific and technical instruments company’s stock after selling 7,408 shares during the quarter. Sensata Technologies makes up approximately 4.7% of Harvey Investment Co. LLC’s investment portfolio, making the stock its 5th largest position. Harvey Investment Co. LLC owned approximately 0.32% of Sensata Technologies worth $26,963,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Tesuji Partners LLC acquired a new position in Sensata Technologies during the second quarter worth approximately $501,593,000. Schroder Investment Management Group increased its position in Sensata Technologies by 431.2% during the second quarter. Schroder Investment Management Group now owns 741,728 shares of the scientific and technical instruments company’s stock worth $35,292,000 after buying an additional 602,102 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Sensata Technologies during the second quarter worth approximately $15,687,000. Markel Corp acquired a new position in Sensata Technologies during the second quarter worth approximately $7,993,000. Finally, First Trust Advisors LP acquired a new position in Sensata Technologies during the second quarter worth approximately $6,669,000.
Shares of NYSE:ST traded down $0.30 during trading on Monday, reaching $42.91. 78,287 shares of the stock were exchanged, compared to its average volume of 1,325,052. Sensata Technologies Holding PLC has a 12 month low of $43.05 and a 12 month high of $57.40. The stock has a market cap of $7.41 billion, a PE ratio of 13.45, a P/E/G ratio of 1.10 and a beta of 1.60. The company has a quick ratio of 2.65, a current ratio of 3.38 and a debt-to-equity ratio of 1.29.
A number of equities analysts have weighed in on ST shares. Morgan Stanley downgraded Sensata Technologies from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $55.00 to $47.00 in a research report on Monday, September 17th. ValuEngine downgraded Sensata Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. JPMorgan Chase & Co. reissued a “buy” rating and set a $69.00 price target on shares of Sensata Technologies in a research report on Tuesday, September 11th. Zacks Investment Research raised Sensata Technologies from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Saturday, August 4th. Finally, Canaccord Genuity started coverage on Sensata Technologies in a research report on Friday, August 3rd. They set a “buy” rating and a $70.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $59.00.
In related news, Director Thomas Wroe, Jr. sold 17,200 shares of the business’s stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $55.86, for a total value of $960,792.00. Following the completion of the sale, the director now directly owns 25,344 shares in the company, valued at $1,415,715.84. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Jeffrey J. Cote sold 570 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $50.00, for a total value of $28,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,070 shares of company stock valued at $3,527,776. Corporate insiders own 2.00% of the company’s stock.
Sensata Technologies Profile
Sensata Technologies Holding PLC would be operating as a holding company for Sensata Technologies Holding N.V. that develops, manufactures, and sells sensors and controls in the Americas, Asia, and Europe. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment supplies pressure sensors, speed and position sensors, temperature sensors, and pressure switches.
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