Sensata Technologies Holding N.V. $ST Stock Sold by Pzena Investment Management LLC

Pzena Investment Management LLC trimmed its holdings in Sensata Technologies Holding N.V. (NYSE:ST) by 2.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,194,533 shares of the scientific and technical instruments company’s stock after selling 57,374 shares during the quarter. Pzena Investment Management LLC owned 1.51% of Sensata Technologies worth $91,205,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of ST. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Sensata Technologies during the 2nd quarter valued at $4,824,000. Foster & Motley Inc. acquired a new stake in Sensata Technologies in the 2nd quarter worth $2,776,000. Cullen Capital Management LLC acquired a new stake in Sensata Technologies in the 2nd quarter worth $1,415,000. Greenland Capital Management LP bought a new position in shares of Sensata Technologies during the 2nd quarter worth about $826,000. Finally, Heartland Advisors Inc. increased its holdings in shares of Sensata Technologies by 14.1% during the 1st quarter. Heartland Advisors Inc. now owns 233,325 shares of the scientific and technical instruments company’s stock worth $8,218,000 after purchasing an additional 28,825 shares during the period. Institutional investors and hedge funds own 99.42% of the company’s stock.

Sensata Technologies Trading Down 1.0%

Shares of Sensata Technologies stock opened at $41.21 on Thursday. The firm has a market capitalization of $6.00 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 1.22 and a beta of 1.28. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.39 and a quick ratio of 1.70. The company’s fifty day moving average price is $41.83 and its two-hundred day moving average price is $41.94. Sensata Technologies Holding N.V. has a 52-week low of $28.16 and a 52-week high of $53.89.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings data on Tuesday, October 27th. The scientific and technical instruments company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.17. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $972.97 million. Sensata Technologies had a net margin of 9.52% and a return on equity of 19.38%. The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.89 EPS. On average, analysts expect that Sensata Technologies Holding N.V. will post 3.83 EPS for the current year.

Sensata Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Wednesday, November 11th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $0.48 dividend on an annualized basis and a yield of 1.2%. Sensata Technologies’s payout ratio is presently 19.20%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ST. UBS Group reduced their target price on shares of Sensata Technologies from $54.00 to $51.00 and set a “buy” rating for the company in a research note on Wednesday, October 28th. Oppenheimer boosted their price target on Sensata Technologies from $55.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Truist Financial cut their price target on Sensata Technologies from $58.00 to $57.00 and set a “buy” rating for the company in a report on Wednesday, October 28th. Wall Street Zen cut Sensata Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 20th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Sensata Technologies in a research report on Wednesday, October 28th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Sensata Technologies presently has a consensus rating of “Hold” and a consensus target price of $50.33.

About Sensata Technologies

Sensata Technologies Holding plc (NYSE: ST) is a global developer and manufacturer of sensing, control and protection solutions. The company supplies components that help monitor conditions, improve safety and efficiency, and support automated decision-making in vehicles, industrial equipment and other systems.

Its products include pressure, temperature, position, speed, force, current and fluid-level sensors, along with circuit breakers, controls and other protection devices. Sensata’s technologies are used in applications such as automotive systems, heavy-duty vehicles, industrial machinery, heating and air-conditioning equipment, aerospace and defense, energy infrastructure, and data centers.

Sensata serves original equipment manufacturers and other industrial customers across North America, Europe, Asia and additional international markets.