Sensata Technologies Holding NV (ST) Position Increased by Harvey Investment Co. LLC
Harvey Investment Co. LLC increased its position in Sensata Technologies Holding NV (NYSE:ST) by 13.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 480,710 shares of the company’s stock after buying an additional 56,185 shares during the period. Sensata Technologies Holding NV makes up approximately 3.7% of Harvey Investment Co. LLC’s investment portfolio, making the stock its 7th largest position. Harvey Investment Co. LLC owned about 0.28% of Sensata Technologies Holding NV worth $16,772,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the company. BlueMountain Capital Management LLC bought a new stake in shares of Sensata Technologies Holding NV during the first quarter worth $103,000. Daiwa Securities Group Inc. increased its stake in Sensata Technologies Holding NV by 10.3% in the second quarter. Daiwa Securities Group Inc. now owns 4,300 shares of the company’s stock worth $150,000 after buying an additional 400 shares during the last quarter. Strs Ohio increased its stake in Sensata Technologies Holding NV by 157.3% in the second quarter. Strs Ohio now owns 5,794 shares of the company’s stock worth $202,000 after buying an additional 3,542 shares during the last quarter. Parametrica Management Ltd acquired a new stake in Sensata Technologies Holding NV during the second quarter worth approximately $206,000. Finally, BB&T Securities LLC increased its stake in Sensata Technologies Holding NV by 37.5% in the first quarter. BB&T Securities LLC now owns 11,254 shares of the company’s stock worth $437,000 after buying an additional 3,067 shares during the last quarter. 99.96% of the stock is owned by institutional investors.
Sensata Technologies Holding NV (NYSE:ST) traded up 1.14% on Wednesday, reaching $39.14. 852,015 shares of the company’s stock traded hands. Sensata Technologies Holding NV has a 52-week low of $29.92 and a 52-week high of $49.73. The stock’s 50 day moving average is $38.37 and its 200 day moving average is $37.23. The firm has a market cap of $6.69 billion, a price-to-earnings ratio of 16.80 and a beta of 1.34.
Sensata Technologies Holding NV (NYSE:ST) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Sensata Technologies Holding NV had a net margin of 12.92% and a return on equity of 28.65%. The firm had revenue of $827.50 million for the quarter, compared to analyst estimates of $823.41 million. During the same quarter in the prior year, the firm earned $0.73 EPS. The company’s revenue was up 7.4% on a year-over-year basis. On average, equities research analysts predict that Sensata Technologies Holding NV will post $2.88 EPS for the current fiscal year.
A number of analysts recently commented on ST shares. Bank of America Corp. reiterated a “buy” rating and issued a $50.00 target price on shares of Sensata Technologies Holding NV in a report on Monday, July 18th. Zacks Investment Research downgraded shares of Sensata Technologies Holding NV from a “hold” rating to a “sell” rating in a report on Friday, July 22nd. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $48.00 target price on shares of Sensata Technologies Holding NV in a report on Thursday, September 8th. Citigroup Inc. boosted their target price on shares of Sensata Technologies Holding NV from $38.00 to $45.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. Finally, Royal Bank Of Canada dropped their target price on shares of Sensata Technologies Holding NV from $40.00 to $38.00 and set a “sector perform” rating on the stock in a report on Friday, July 1st. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $45.73.
In other Sensata Technologies Holding NV news, Director Michael J. Jacobson sold 7,000 shares of the stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $38.71, for a total transaction of $270,970.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.00% of the company’s stock.
About Sensata Technologies Holding NV
Sensata Technologies Holding N.V. is a global industrial technology company. The Company is engaged in the development, manufacture and sale of sensors and controls. The Company operates through two segments: Performance Sensing and Sensing Solutions. The Company produces a range of sensors and controls for applications, such as thermal circuit breakers in aircraft, pressure sensors in automotive systems, and bimetal current and temperature control devices in electric motors.
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