Bridgewater Associates LP raised its holdings in Sensata Technologies Holding PLC (NYSE:ST) by 207.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 47,560 shares of the scientific and technical instruments company’s stock after acquiring an additional 32,105 shares during the period. Bridgewater Associates LP’s holdings in Sensata Technologies were worth $2,263,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in ST. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Sensata Technologies by 19.7% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,100 shares of the scientific and technical instruments company’s stock valued at $433,000 after buying an additional 1,500 shares during the period. Peak Capital Management LLC purchased a new stake in shares of Sensata Technologies in the 2nd quarter valued at approximately $827,000. Korea Investment CORP grew its stake in shares of Sensata Technologies by 49.5% in the 2nd quarter. Korea Investment CORP now owns 97,517 shares of the scientific and technical instruments company’s stock valued at $4,640,000 after buying an additional 32,300 shares during the period. United Services Automobile Association grew its stake in shares of Sensata Technologies by 11.2% in the 2nd quarter. United Services Automobile Association now owns 29,674 shares of the scientific and technical instruments company’s stock valued at $1,412,000 after buying an additional 2,987 shares during the period. Finally, NumerixS Investment Technologies Inc purchased a new stake in shares of Sensata Technologies in the 2nd quarter valued at approximately $348,000.
NYSE:ST opened at $52.24 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.38 and a quick ratio of 2.65. The company has a market cap of $9.08 billion, a P/E ratio of 16.50, a P/E/G ratio of 1.35 and a beta of 1.58. Sensata Technologies Holding PLC has a fifty-two week low of $44.08 and a fifty-two week high of $57.40.
Sensata Technologies (NYSE:ST) last posted its quarterly earnings data on Tuesday, July 24th. The scientific and technical instruments company reported $0.93 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.93. The firm had revenue of $914.00 million during the quarter, compared to analysts’ expectations of $906.90 million. Sensata Technologies had a net margin of 13.09% and a return on equity of 25.09%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the company posted $0.81 EPS. equities analysts forecast that Sensata Technologies Holding PLC will post 3.68 EPS for the current year.
In other Sensata Technologies news, EVP Steven Beringhause sold 20,253 shares of the firm’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $54.81, for a total value of $1,110,066.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jeffrey J. Cote sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, July 9th. The shares were sold at an average price of $50.00, for a total transaction of $250,000.00. The disclosure for this sale can be found here. Insiders sold a total of 68,500 shares of company stock valued at $3,749,276 in the last three months. 2.00% of the stock is currently owned by corporate insiders.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of Sensata Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, May 16th. ValuEngine cut shares of Sensata Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, June 20th. Finally, Canaccord Genuity assumed coverage on shares of Sensata Technologies in a research report on Friday, August 3rd. They set a “buy” rating and a $70.00 price objective for the company. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $57.85.
About Sensata Technologies
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.
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