Essex Investment Management Co. LLC cut its holdings in Sensata Technologies Holding plc (NYSE:ST) by 7.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 95,104 shares of the scientific and technical instruments company’s stock after selling 7,450 shares during the quarter. Essex Investment Management Co. LLC owned approximately 0.06% of Sensata Technologies worth $5,513,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. London Co. of Virginia boosted its stake in Sensata Technologies by 0.6% in the first quarter. London Co. of Virginia now owns 2,527,353 shares of the scientific and technical instruments company’s stock valued at $146,460,000 after buying an additional 13,972 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Sensata Technologies by 14.5% in the first quarter. Renaissance Technologies LLC now owns 295,200 shares of the scientific and technical instruments company’s stock valued at $17,107,000 after buying an additional 37,400 shares in the last quarter. Cubist Systematic Strategies LLC boosted its stake in Sensata Technologies by 1,630.1% in the first quarter. Cubist Systematic Strategies LLC now owns 275,883 shares of the scientific and technical instruments company’s stock valued at $15,987,000 after buying an additional 259,937 shares in the last quarter. Artisan Partners Limited Partnership acquired a new stake in Sensata Technologies in the second quarter valued at about $21,086,000. Finally, Mn Services Vermogensbeheer B.V. acquired a new stake in Sensata Technologies in the second quarter valued at about $5,650,000. 96.61% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:ST traded up $0.69 during mid-day trading on Monday, hitting $57.72. 2,349 shares of the company traded hands, compared to its average volume of 957,220. The stock has a market cap of $9.14 billion, a P/E ratio of 24.69, a P/E/G ratio of 1.44 and a beta of 1.40. The company has a current ratio of 3.80, a quick ratio of 3.19 and a debt-to-equity ratio of 1.46. Sensata Technologies Holding plc has a 12-month low of $40.71 and a 12-month high of $64.80. The stock has a 50-day moving average price of $57.70 and a two-hundred day moving average price of $58.27.
Several analysts recently weighed in on ST shares. Citigroup reduced their price objective on Sensata Technologies from $65.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 28th. Zacks Investment Research upgraded Sensata Technologies from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research report on Wednesday, August 4th. UBS Group initiated coverage on Sensata Technologies in a research report on Tuesday, September 21st. They set a “neutral” rating and a $63.00 price objective for the company. Finally, TheStreet upgraded Sensata Technologies from a “c+” rating to a “b” rating in a report on Wednesday, August 18th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $63.00.
Sensata Technologies Profile
Sensata Technologies Holding Plc is a global industrial technology company, which engages in the designing, manufacturing, and marketing of electromechanical, electronic sensors and controls. The firm operates through the following two segments: Performance Sensing and Sensing Solutions. The Performance Sensing segment designs and manufactures sensors for the automotive and heavy vehicle and off-road markets.
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