SG Capital Management LLC Sells 117,491 Shares of Sensata Technologies Holding N.V. $ST

SG Capital Management LLC lowered its position in shares of Sensata Technologies Holding N.V. (NYSE:ST) by 14.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 675,486 shares of the scientific and technical instruments company’s stock after selling 117,491 shares during the period. Sensata Technologies comprises about 1.8% of SG Capital Management LLC’s investment portfolio, making the stock its 19th biggest holding. SG Capital Management LLC’s holdings in Sensata Technologies were worth $20,636,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of ST. Vanguard Group Inc. boosted its holdings in shares of Sensata Technologies by 2.4% during the third quarter. Vanguard Group Inc. now owns 14,997,522 shares of the scientific and technical instruments company’s stock worth $458,174,000 after purchasing an additional 346,547 shares during the period. Artisan Partners Limited Partnership raised its position in Sensata Technologies by 2.6% during the 2nd quarter. Artisan Partners Limited Partnership now owns 14,097,006 shares of the scientific and technical instruments company’s stock valued at $424,461,000 after purchasing an additional 354,246 shares during the last quarter. Norges Bank bought a new position in Sensata Technologies during the 2nd quarter valued at approximately $53,385,000. Bank of America Corp DE lifted its holdings in Sensata Technologies by 3.9% in the 2nd quarter. Bank of America Corp DE now owns 1,732,243 shares of the scientific and technical instruments company’s stock worth $52,158,000 after buying an additional 64,428 shares during the period. Finally, American Century Companies Inc. grew its position in shares of Sensata Technologies by 20.8% in the 2nd quarter. American Century Companies Inc. now owns 1,493,683 shares of the scientific and technical instruments company’s stock worth $44,975,000 after buying an additional 257,096 shares during the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Sensata Technologies Trading Down 0.4%

Shares of NYSE ST opened at $36.71 on Thursday. The stock has a market cap of $5.35 billion, a P/E ratio of -183.52, a price-to-earnings-growth ratio of 1.39 and a beta of 1.16. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.91 and a quick ratio of 2.10. Sensata Technologies Holding N.V. has a 1 year low of $17.32 and a 1 year high of $37.95. The firm has a 50-day moving average of $34.94 and a 200 day moving average of $32.70.

Sensata Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, February 11th. This represents a $0.48 annualized dividend and a dividend yield of 1.3%. Sensata Technologies’s dividend payout ratio is presently -240.00%.

Insider Buying and Selling

In other news, EVP Lynne J. Caljouw sold 2,496 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $37.53, for a total value of $93,674.88. Following the transaction, the executive vice president owned 64,040 shares in the company, valued at approximately $2,403,421.20. This represents a 3.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ali John Mirshekari sold 33,933 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $29.53, for a total value of $1,002,041.49. The disclosure for this sale is available in the SEC filing. 0.89% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on ST shares. Barclays decreased their target price on Sensata Technologies from $43.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, January 12th. Oppenheimer reissued an “outperform” rating and set a $43.00 price objective on shares of Sensata Technologies in a research report on Wednesday, December 17th. Wells Fargo & Company raised their target price on shares of Sensata Technologies from $34.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Monday, January 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Sensata Technologies in a research note on Monday, December 29th. Finally, Evercore set a $32.00 price target on shares of Sensata Technologies in a research note on Wednesday, October 29th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Sensata Technologies currently has an average rating of “Hold” and an average price target of $36.10.

Sensata Technologies Company Profile

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.