Fmr LLC Has $287.57 Million Holdings in Sensata Technologies Holding PLC (ST)

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Fmr LLC cut its stake in Sensata Technologies Holding PLC (NYSE:ST) by 35.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 6,043,904 shares of the scientific and technical instruments company’s stock after selling 3,279,169 shares during the period. Fmr LLC’s holdings in Sensata Technologies were worth $287,569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Massachusetts Financial Services Co. MA increased its position in Sensata Technologies by 2.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,986,148 shares of the scientific and technical instruments company’s stock worth $94,502,000 after buying an additional 43,669 shares during the period. Wells Fargo & Company MN increased its position in Sensata Technologies by 6.8% in the second quarter. Wells Fargo & Company MN now owns 1,757,621 shares of the scientific and technical instruments company’s stock worth $83,627,000 after buying an additional 111,394 shares during the period. Legal & General Group Plc increased its position in Sensata Technologies by 0.7% in the second quarter. Legal & General Group Plc now owns 719,268 shares of the scientific and technical instruments company’s stock worth $34,223,000 after buying an additional 4,670 shares during the period. Victory Capital Management Inc. increased its position in Sensata Technologies by 8.3% in the second quarter. Victory Capital Management Inc. now owns 685,088 shares of the scientific and technical instruments company’s stock worth $32,596,000 after buying an additional 52,767 shares during the period. Finally, Swiss National Bank increased its position in Sensata Technologies by 3.5% in the second quarter. Swiss National Bank now owns 566,750 shares of the scientific and technical instruments company’s stock worth $26,966,000 after buying an additional 19,300 shares during the period.

In other news, EVP Steven Beringhause sold 26,047 shares of the stock in a transaction on Monday, August 6th. The stock was sold at an average price of $54.84, for a total value of $1,428,417.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jeffrey J. Cote sold 570 shares of the stock in a transaction on Monday, October 1st. The stock was 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 three months, insiders sold 43,817 shares of company stock valued at $2,417,709. Company insiders own 2.00% of the company’s stock.

Several equities research analysts have weighed in on ST shares. Canaccord Genuity started coverage on Sensata Technologies in a research report on Friday, August 3rd. They issued a “buy” rating and a $70.00 target price on the stock. BMO Capital Markets reaffirmed a “hold” rating and issued a $41.00 target price on shares of Sensata Technologies in a research report on Tuesday. Zacks Investment Research raised Sensata Technologies from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Friday, July 27th. Cross Research raised Sensata Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Morgan Stanley lowered Sensata Technologies from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $55.00 to $47.00 in a research report on Monday, September 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $58.45.

NYSE:ST opened at $47.25 on Wednesday. Sensata Technologies Holding PLC has a 1 year low of $41.12 and a 1 year high of $57.40. The firm has a market capitalization of $7.26 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 1.08 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.

Sensata Technologies (NYSE:ST) last released its quarterly earnings results on Tuesday, October 30th. The scientific and technical instruments company reported $0.91 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.91. Sensata Technologies had a return on equity of 25.09% and a net margin of 13.09%. The company had revenue of $873.60 million during the quarter, compared to analysts’ expectations of $864.62 million. During the same quarter in the prior year, the business posted $0.81 earnings per share. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. As a group, sell-side analysts predict that Sensata Technologies Holding PLC will post 3.67 earnings per share for the current year.

About Sensata Technologies

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

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