Guinness Atkinson Asset Management Inc Buys New Stake in Sensata Technologies Holding N.V. $ST

Guinness Atkinson Asset Management Inc purchased a new stake in Sensata Technologies Holding N.V. (NYSE:ST) in the 3rd quarter, HoldingsChannel reports. The fund purchased 22,340 shares of the scientific and technical instruments company’s stock, valued at approximately $679,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. First Horizon Corp purchased a new stake in shares of Sensata Technologies in the third quarter worth about $29,000. Hantz Financial Services Inc. lifted its position in Sensata Technologies by 446.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 994 shares of the scientific and technical instruments company’s stock worth $30,000 after acquiring an additional 812 shares in the last quarter. True Wealth Design LLC boosted its holdings in Sensata Technologies by 62.6% in the 3rd quarter. True Wealth Design LLC now owns 1,135 shares of the scientific and technical instruments company’s stock worth $35,000 after acquiring an additional 437 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Sensata Technologies by 244.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,178 shares of the scientific and technical instruments company’s stock valued at $35,000 after purchasing an additional 836 shares during the period. Finally, SJS Investment Consulting Inc. lifted its position in shares of Sensata Technologies by 15,787.5% during the third quarter. SJS Investment Consulting Inc. now owns 1,271 shares of the scientific and technical instruments company’s stock worth $39,000 after purchasing an additional 1,263 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

Insider Activity

In related news, Director Ali John Mirshekari sold 125,939 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $28.83, for a total transaction of $3,630,821.37. Following the completion of the sale, the director owned 142,371 shares of the company’s stock, valued at $4,104,555.93. This represents a 46.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David K. Stott sold 839 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $30.80, for a total transaction of $25,841.20. Following the completion of the transaction, the executive vice president directly owned 35,444 shares in the company, valued at $1,091,675.20. This represents a 2.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 269,149 shares of company stock valued at $7,776,297 over the last ninety days. Company insiders own 0.89% of the company’s stock.

Analyst Upgrades and Downgrades

ST has been the topic of several analyst reports. Barclays dropped their price target on shares of Sensata Technologies from $43.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, January 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of Sensata Technologies in a research note on Monday, December 29th. Evercore ISI set a $32.00 price objective on Sensata Technologies in a research note on Wednesday, October 29th. Wells Fargo & Company lifted their price objective on Sensata Technologies from $34.00 to $37.00 and gave the stock an “equal weight” rating in a report on Monday, January 12th. Finally, Oppenheimer reissued an “outperform” rating and set a $43.00 price target on shares of Sensata Technologies in a research report on Wednesday, December 17th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $36.10.

Sensata Technologies Price Performance

Shares of NYSE ST opened at $35.46 on Friday. The company has a current ratio of 2.91, a quick ratio of 2.10 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of -177.29, a price-to-earnings-growth ratio of 1.36 and a beta of 1.16. Sensata Technologies Holding N.V. has a twelve month low of $17.32 and a twelve month high of $36.79. The business has a 50 day simple moving average of $34.37 and a 200-day simple moving average of $32.40.

Sensata Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 11th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Wednesday, February 11th. Sensata Technologies’s dividend payout ratio (DPR) is presently -240.00%.

About Sensata Technologies

Sensata Technologies Holdings N.V. is a global industrial technology company specializing in the design, development and manufacture of sensors and electrical protection solutions. The company’s product portfolio includes pressure, temperature, position, speed, current and magnetic sensors, as well as circuit breakers and other protection devices. Sensata’s offerings serve a wide array of end markets, with a particularly strong presence in automotive original equipment manufacturers (OEMs), industrial automation, heating, ventilation and air conditioning (HVAC), commercial aerospace and renewable energy sectors.

Headquartered in Attleboro, Massachusetts, Sensata operates a network of manufacturing and engineering facilities across North America, Europe, Asia Pacific and Latin America.