Envestnet Portfolio Solutions Inc. Raises Stake in Sensata Technologies Holding N.V. $ST

Envestnet Portfolio Solutions Inc. boosted its position in Sensata Technologies Holding N.V. (NYSE:ST) by 32.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 50,345 shares of the scientific and technical instruments company’s stock after purchasing an additional 12,272 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Sensata Technologies were worth $1,676,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Convergence Investment Partners LLC boosted its position in Sensata Technologies by 247.0% in the fourth quarter. Convergence Investment Partners LLC now owns 40,440 shares of the scientific and technical instruments company’s stock valued at $1,346,000 after buying an additional 28,786 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in Sensata Technologies by 0.8% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 91,550 shares of the scientific and technical instruments company’s stock valued at $3,048,000 after acquiring an additional 750 shares during the period. Versor Investments LP acquired a new position in Sensata Technologies in the fourth quarter valued at approximately $684,000. Crossmark Global Holdings Inc. lifted its holdings in Sensata Technologies by 47.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 126,368 shares of the scientific and technical instruments company’s stock valued at $4,207,000 after acquiring an additional 40,821 shares during the period. Finally, Crestwood Advisors Group LLC acquired a new position in Sensata Technologies in the fourth quarter valued at approximately $298,000. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Insider Activity at Sensata Technologies

In other news, EVP David K. Stott sold 6,335 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $47.40, for a total transaction of $300,279.00. Following the completion of the transaction, the executive vice president directly owned 39,687 shares of the company’s stock, valued at $1,881,163.80. This represents a 13.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Lynne J. Caljouw sold 2,913 shares of the company’s stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $34.71, for a total value of $101,110.23. Following the transaction, the executive vice president directly owned 72,842 shares of the company’s stock, valued at approximately $2,528,345.82. The trade was a 3.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 11,728 shares of company stock valued at $486,949. Corporate insiders own 0.65% of the company’s stock.

Sensata Technologies Trading Up 2.5%

Shares of ST stock opened at $48.65 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.75 and a quick ratio of 1.95. The company has a market cap of $7.08 billion, a price-to-earnings ratio of 156.95, a PEG ratio of 1.40 and a beta of 1.21. The stock has a 50 day simple moving average of $39.86 and a 200-day simple moving average of $36.10. Sensata Technologies Holding N.V. has a 1-year low of $24.69 and a 1-year high of $49.36.

Sensata Technologies (NYSE:ST) last announced its earnings results on Tuesday, March 31st. The scientific and technical instruments company reported $0.86 earnings per share for the quarter. The business had revenue of $934.80 million during the quarter. Sensata Technologies had a return on equity of 18.23% and a net margin of 1.28%. On average, equities research analysts expect that Sensata Technologies Holding N.V. will post 3.73 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, May 13th. Sensata Technologies’s dividend payout ratio is presently 154.84%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ST shares. UBS Group boosted their price target on Sensata Technologies from $45.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. The Goldman Sachs Group boosted their price target on Sensata Technologies from $43.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Truist Financial raised Sensata Technologies from a “hold” rating to a “buy” rating and boosted their price target for the company from $43.00 to $58.00 in a report on Wednesday, May 13th. Weiss Ratings raised Sensata Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. Finally, JPMorgan Chase & Co. boosted their price target on Sensata Technologies from $32.00 to $34.00 and gave the company an “underweight” rating in a report on Monday, February 23rd. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $44.60.

Sensata Technologies 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.