ClearAlpha Technologies LP Buys Shares of 13,667 Sensata Technologies Holding N.V. $ST

ClearAlpha Technologies LP bought a new stake in Sensata Technologies Holding N.V. (NYSE:ST) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,667 shares of the scientific and technical instruments company’s stock, valued at approximately $455,000. Sensata Technologies accounts for 1.3% of ClearAlpha Technologies LP’s investment portfolio, making the stock its 25th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ST. Smartleaf Asset Management LLC raised its position in Sensata Technologies by 659.7% in the third quarter. Smartleaf Asset Management LLC now owns 904 shares of the scientific and technical instruments company’s stock valued at $27,000 after purchasing an additional 785 shares during the period. CIBC Private Wealth Group LLC raised its position in Sensata Technologies by 700.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 832 shares of the scientific and technical instruments company’s stock valued at $28,000 after purchasing an additional 728 shares during the period. EFG International AG purchased a new stake in Sensata Technologies in the fourth quarter valued at $33,000. EverSource Wealth Advisors LLC raised its position in Sensata Technologies by 244.4% in 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, Parallel Advisors LLC raised its position in Sensata Technologies by 62.7% in the fourth quarter. Parallel Advisors LLC now owns 1,072 shares of the scientific and technical instruments company’s stock valued at $36,000 after purchasing an additional 413 shares during the period. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Sensata Technologies Price Performance

ST opened at $49.50 on Thursday. The stock’s 50-day moving average price is $45.51 and its 200 day moving average price is $38.64. The company has a current ratio of 2.75, a quick ratio of 1.95 and a debt-to-equity ratio of 1.00. Sensata Technologies Holding N.V. has a 12-month low of $27.66 and a 12-month high of $53.89. The firm has a market cap of $7.20 billion, a price-to-earnings ratio of 159.69, a PEG ratio of 1.45 and a beta of 1.26.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Tuesday, March 31st. The scientific and technical instruments company reported $0.86 earnings per share for the quarter. Sensata Technologies had a return on equity of 18.23% and a net margin of 1.28%.The company had revenue of $934.80 million for the quarter. As a group, sell-side analysts expect that Sensata Technologies Holding N.V. will post 3.73 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were issued a dividend of $0.12 per share. The ex-dividend date was Wednesday, May 13th. This represents a $0.48 annualized dividend and a yield of 1.0%. Sensata Technologies’s dividend payout ratio is 154.84%.

Insider Activity

In other Sensata Technologies news, EVP Lynne J. Caljouw sold 2,913 shares of the company’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $34.71, for a total transaction of $101,110.23. Following the sale, the executive vice president owned 72,842 shares in the company, valued at $2,528,345.82. This represents a 3.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP David K. Stott sold 6,335 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $47.40, for a total value of $300,279.00. Following the sale, the executive vice president owned 39,687 shares in the company, valued at approximately $1,881,163.80. This trade represents a 13.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.65% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ST has been the topic of a number of research analyst reports. Bank of America lifted their target price on Sensata Technologies from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Robert W. Baird increased their target price on Sensata Technologies from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Wall Street Zen lowered Sensata Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 2nd. The Goldman Sachs Group increased their target price on Sensata Technologies from $48.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Finally, UBS Group reissued a “buy” rating and set a $57.00 target price on shares of Sensata Technologies in a research note on Tuesday, June 2nd. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $47.70.

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.