Sensata Technologies Holding (ST) Shares Sold by Yellowstone Partners LLC
Yellowstone Partners LLC decreased its position in shares of Sensata Technologies Holding (NYSE:ST) by 8.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,386 shares of the scientific and technical instruments company’s stock after selling 4,355 shares during the quarter. Sensata Technologies accounts for about 1.4% of Yellowstone Partners LLC’s holdings, making the stock its 20th biggest position. Yellowstone Partners LLC’s holdings in Sensata Technologies were worth $2,422,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the company. Comerica Bank purchased a new stake in Sensata Technologies in the 2nd quarter valued at approximately $315,000. Teachers Advisors LLC lifted its stake in Sensata Technologies by 6,914.8% in the 2nd quarter. Teachers Advisors LLC now owns 188,066 shares of the scientific and technical instruments company’s stock valued at $8,034,000 after buying an additional 185,385 shares in the last quarter. TIAA CREF Investment Management LLC lifted its stake in Sensata Technologies by 888.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 526,048 shares of the scientific and technical instruments company’s stock valued at $22,473,000 after buying an additional 472,855 shares in the last quarter. BlackRock Inc. lifted its stake in Sensata Technologies by 68.4% in the 2nd quarter. BlackRock Inc. now owns 8,293,010 shares of the scientific and technical instruments company’s stock valued at $354,278,000 after buying an additional 3,369,088 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Sensata Technologies by 79.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 30,415 shares of the scientific and technical instruments company’s stock valued at $1,299,000 after buying an additional 13,475 shares in the last quarter.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research lowered Sensata Technologies from a “buy” rating to a “hold” rating in a research note on Saturday. Morgan Stanley increased their price target on Sensata Technologies from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 13th. BMO Capital Markets increased their price target on Sensata Technologies from $45.00 to $47.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 13th. Citigroup increased their price target on Sensata Technologies from $49.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Finally, SunTrust Banks reissued a “hold” rating and set a $54.00 price target on shares of Sensata Technologies in a research note on Friday, December 15th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Sensata Technologies currently has an average rating of “Hold” and a consensus target price of $55.00.
Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Tuesday, October 24th. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.01. Sensata Technologies had a return on equity of 25.75% and a net margin of 9.39%. The company had revenue of $819.10 million for the quarter, compared to analyst estimates of $803.14 million. During the same quarter in the prior year, the company posted $0.74 EPS. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. analysts forecast that Sensata Technologies Holding will post 3.17 EPS for the current fiscal year.
In other news, COO Jeffrey J. Cote sold 13,311 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $49.03, for a total transaction of $652,638.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul B. Edgerley acquired 200,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were purchased at an average price of $47.47 per share, with a total value of $9,494,000.00. The disclosure for this purchase can be found here. In the last three months, insiders have sold 91,308 shares of company stock worth $4,462,641. Corporate insiders own 1.00% of the company’s stock.
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About Sensata Technologies
Sensata Technologies Holding N.V. is an industrial technology company. The Company is engaged in the development, manufacture, and sale of sensors and controls. The Company operates through two segments: Performance Sensing and Sensing Solutions. It produces a range of sensors and controls for applications, such as pressure sensors in automotive systems, thermal circuit breakers in aircraft, and bimetal current and temperature control devices.
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