United Services Automobile Association increased its stake in Sensata Technologies Holding PLC (NYSE:ST) by 11.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,674 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,987 shares during the period. United Services Automobile Association’s holdings in Sensata Technologies were worth $1,412,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Neuberger Berman Group LLC raised its stake in Sensata Technologies by 9.1% during the 1st quarter. Neuberger Berman Group LLC now owns 2,193,562 shares of the scientific and technical instruments company’s stock valued at $113,592,000 after acquiring an additional 183,744 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Sensata Technologies by 2.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,986,148 shares of the scientific and technical instruments company’s stock valued at $94,502,000 after acquiring an additional 43,669 shares in the last quarter. Wells Fargo & Company MN raised its stake in Sensata Technologies by 6.8% during the 2nd quarter. Wells Fargo & Company MN now owns 1,757,621 shares of the scientific and technical instruments company’s stock valued at $83,627,000 after acquiring an additional 111,394 shares in the last quarter. Summit Trail Advisors LLC raised its stake in Sensata Technologies by 5,395.6% during the 1st quarter. Summit Trail Advisors LLC now owns 1,523,048 shares of the scientific and technical instruments company’s stock valued at $1,523,000 after acquiring an additional 1,495,334 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake in Sensata Technologies by 22.9% during the 1st quarter. New York State Common Retirement Fund now owns 1,477,336 shares of the scientific and technical instruments company’s stock valued at $76,570,000 after acquiring an additional 275,479 shares in the last quarter.

Shares of ST stock opened at $51.64 on Friday. Sensata Technologies Holding PLC has a 1 year low of $44.36 and a 1 year high of $57.40. The firm has a market cap of $8.95 billion, a PE ratio of 15.10, a PEG ratio of 1.33 and a beta of 1.58. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.65 and a current ratio of 3.38.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Tuesday, July 24th. The scientific and technical instruments company reported $0.93 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.93. The company had revenue of $914.00 million for the quarter, compared to analysts’ expectations of $906.90 million. Sensata Technologies had a return on equity of 25.09% and a net margin of 13.09%. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period last year, the firm earned $0.81 EPS. research analysts expect that Sensata Technologies Holding PLC will post 3.68 earnings per share for the current year.

Several equities analysts have recently issued reports on ST shares. Zacks Investment Research cut Sensata Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, May 16th. ValuEngine cut Sensata Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, June 20th. Finally, Canaccord Genuity started coverage on Sensata Technologies in a research report on Friday, August 3rd. They set a “buy” rating and a $70.00 price target on the stock. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $57.85.

In related news, Director Thomas Wroe, Jr. sold 17,200 shares of Sensata Technologies stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $55.86, for a total value of $960,792.00. Following the transaction, the director now directly owns 25,344 shares in the company, valued at approximately $1,415,715.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jeffrey J. Cote sold 5,000 shares of Sensata Technologies stock in a transaction on Monday, July 9th. The stock was sold at an average price of $50.00, for a total value of $250,000.00. The disclosure for this sale can be found here. Insiders sold a total of 68,500 shares of company stock worth $3,749,276 over the last 90 days. Insiders own 2.00% of the company’s stock.

Sensata Technologies Profile

Sensata Technologies Holding PLC would be operating as a holding company for Sensata Technologies Holding N.V. that develops, manufactures, and sells sensors and controls in the Americas, Asia, and Europe. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment supplies pressure sensors, speed and position sensors, temperature sensors, and pressure switches.

Further Reading: Fundamental Analysis and Individual Investors

Institutional Ownership by Quarter for Sensata Technologies (NYSE:ST)

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