Saturna Capital CORP Takes Position in Sensata Technologies Holding N.V. (ST)
Saturna Capital CORP purchased a new position in Sensata Technologies Holding N.V. (NYSE:ST) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,190 shares of the scientific and technical instruments company’s stock, valued at approximately $249,000.
A number of other hedge funds have also made changes to their positions in ST. Skba Capital Management LLC purchased a new stake in Sensata Technologies in the third quarter worth $201,000. Tredje AP fonden lifted its stake in Sensata Technologies by 174.7% in the second quarter. Tredje AP fonden now owns 4,780 shares of the scientific and technical instruments company’s stock worth $204,000 after acquiring an additional 3,040 shares during the period. Aberdeen Asset Management PLC UK bought a new position in Sensata Technologies in the second quarter worth $206,000. Cambridge Investment Research Advisors Inc. bought a new position in Sensata Technologies in the second quarter worth $216,000. Finally, QCM Cayman Ltd. raised its holdings in Sensata Technologies by 1.4% in the second quarter. QCM Cayman Ltd. now owns 5,210 shares of the scientific and technical instruments company’s stock worth $223,000 after purchasing an additional 74 shares in the last quarter.
In related news, Director Paul B. Edgerley purchased 200,000 shares of Sensata Technologies stock in a transaction dated Thursday, November 16th. The stock was purchased at an average cost of $47.47 per share, for a total transaction of $9,494,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Jeffrey J. Cote sold 13,311 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $49.03, for a total value of $652,638.33. The disclosure for this sale can be found here. Insiders have sold 80,000 shares of company stock valued at $3,870,245 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.
Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Tuesday, October 24th. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.01. Sensata Technologies had a return on equity of 25.75% and a net margin of 9.39%. The firm had revenue of $819.10 million during the quarter, compared to the consensus estimate of $803.14 million. During the same period last year, the company earned $0.74 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis. sell-side analysts predict that Sensata Technologies Holding N.V. will post 3.17 EPS for the current fiscal year.
A number of research firms have issued reports on ST. SunTrust Banks downgraded Sensata Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $55.00 price objective on shares of Sensata Technologies in a report on Thursday, October 26th. Citigroup increased their price objective on Sensata Technologies from $49.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Oppenheimer reiterated a “buy” rating on shares of Sensata Technologies in a report on Tuesday, October 24th. Finally, Zacks Investment Research downgraded Sensata Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $51.00.
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Sensata Technologies Company Profile
Sensata Technologies Holding N.V. is an 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. It produces a range of sensors and controls for applications, such as pressure sensors in automotive systems, thermal circuit breakers in aircraft, and bimetal current and temperature control devices.
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