Reinhart Partners LLC. Sells 72,734 Shares of Sensata Technologies Holding N.V. $ST

Reinhart Partners LLC. reduced its holdings in Sensata Technologies Holding N.V. (NYSE:ST) by 28.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 184,448 shares of the scientific and technical instruments company’s stock after selling 72,734 shares during the quarter. Reinhart Partners LLC.’s holdings in Sensata Technologies were worth $6,140,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ST. Goldman Sachs Group Inc. increased its stake in Sensata Technologies by 107.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 419,137 shares of the scientific and technical instruments company’s stock worth $10,172,000 after acquiring an additional 217,418 shares during the last quarter. United Services Automobile Association bought a new position in Sensata Technologies in the 1st quarter worth about $246,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Sensata Technologies by 12.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 505,957 shares of the scientific and technical instruments company’s stock worth $12,280,000 after acquiring an additional 55,045 shares during the last quarter. Cetera Investment Advisers increased its stake in Sensata Technologies by 11.8% in the 2nd quarter. Cetera Investment Advisers now owns 23,409 shares of the scientific and technical instruments company’s stock worth $705,000 after acquiring an additional 2,472 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in Sensata Technologies in the 2nd quarter worth about $750,000. 99.42% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Sensata Technologies news, 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 transaction of $101,110.23. Following the completion of the transaction, the executive vice president owned 72,842 shares of the company’s stock, valued at $2,528,345.82. This represents a 3.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP David K. Stott sold 6,335 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $47.40, for a total value 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 11,728 shares of company stock valued at $486,949 in the last ninety days. 0.65% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ST has been the topic of a number of research analyst reports. Robert W. Baird upped 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 upped 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. Weiss Ratings restated a “hold (c-)” rating on shares of Sensata Technologies in a research note on Friday. Finally, Wells Fargo & Company upped their price objective on Sensata Technologies from $42.00 to $48.00 and gave the stock an “equal weight” rating in a report on Tuesday. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $47.70.

Sensata Technologies Trading Up 8.0%

Shares of ST stock opened at $53.21 on Wednesday. The stock has a market capitalization of $7.74 billion, a PE ratio of 171.65, a P/E/G ratio of 1.42 and a beta of 1.26. Sensata Technologies Holding N.V. has a 1-year low of $25.63 and a 1-year high of $53.84. The business has a 50-day moving average of $41.73 and a 200 day moving average of $36.92. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.75 and a quick ratio of 1.95.

Sensata Technologies (NYSE:ST) last issued its earnings results on Tuesday, March 31st. The scientific and technical instruments company reported $0.86 earnings per share for the quarter. The company 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%. As a group, sell-side analysts anticipate that Sensata Technologies Holding N.V. will post 3.73 earnings per share for the current year.

Sensata Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $0.48 dividend on an annualized basis and a yield of 0.9%. Sensata Technologies’s dividend payout ratio is presently 154.84%.

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.