Clearbridge Investments LLC decreased its position in Sensata Technologies Holding PLC (NYSE:ST) by 94.4% in the 1st quarter, HoldingsChannel reports. The firm owned 62,959 shares of the scientific and technical instruments company’s stock after selling 1,066,231 shares during the period. Clearbridge Investments LLC’s holdings in Sensata Technologies were worth $1,821,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Pictet Asset Management Ltd. acquired a new position in shares of Sensata Technologies during the 4th quarter valued at about $129,857,000. Norges Bank acquired a new position in shares of Sensata Technologies during the 4th quarter valued at about $87,640,000. Sound Shore Management Inc. CT increased its stake in shares of Sensata Technologies by 32.9% during the 1st quarter. Sound Shore Management Inc. CT now owns 3,327,728 shares of the scientific and technical instruments company’s stock valued at $96,271,000 after acquiring an additional 823,455 shares during the last quarter. Impax Asset Management Group plc grew its holdings in shares of Sensata Technologies by 36.1% during the 1st quarter. Impax Asset Management Group plc now owns 1,996,065 shares of the scientific and technical instruments company’s stock worth $57,302,000 after purchasing an additional 529,044 shares during the period. Finally, London Co. of Virginia grew its holdings in shares of Sensata Technologies by 36.0% during the 1st quarter. London Co. of Virginia now owns 1,936,656 shares of the scientific and technical instruments company’s stock worth $56,027,000 after purchasing an additional 513,055 shares during the period. 94.32% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on ST. Bank of America decreased their target price on Sensata Technologies from $55.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. SunTrust Banks boosted their target price on Sensata Technologies from $33.00 to $38.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. TheStreet cut Sensata Technologies from a “b-” rating to a “c+” rating in a report on Monday, March 2nd. Goldman Sachs Group decreased their target price on Sensata Technologies from $55.00 to $38.00 in a report on Sunday, April 19th. Finally, Zacks Investment Research upgraded Sensata Technologies from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $44.82.

NYSE ST opened at $35.74 on Tuesday. The stock has a market cap of $5.62 billion, a PE ratio of 11.00, a P/E/G ratio of 1.86 and a beta of 1.64. Sensata Technologies Holding PLC has a fifty-two week low of $18.25 and a fifty-two week high of $54.72. The business has a 50 day moving average price of $36.88 and a two-hundred day moving average price of $41.06. The company has a quick ratio of 2.34, a current ratio of 3.17 and a debt-to-equity ratio of 1.28.

Sensata Technologies (NYSE:ST) last released its quarterly earnings results on Wednesday, April 29th. The scientific and technical instruments company reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.03). The company had revenue of $774.27 million during the quarter, compared to analysts’ expectations of $754.75 million. Sensata Technologies had a return on equity of 20.13% and a net margin of 6.14%. The firm’s revenue was down 11.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.85 EPS. Sell-side analysts anticipate that Sensata Technologies Holding PLC will post 1.75 EPS for the current fiscal year.

About Sensata Technologies

Sensata Technologies Holding plc, through its subsidiary, Sensata Technologies Holding N.V., develops, manufactures, and sells a range of sensors and controls in the Americas, Asia, Europe, and internationally. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment develops and manufactures pressure sensors, speed and position sensors, and temperature sensors.

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

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