Sompo Japan Nipponkoa Asset Management CO. LTD. Cuts Holdings in Sensata Technologies Holding PLC (ST)

Sompo Japan Nipponkoa Asset Management CO. LTD. decreased its holdings in shares of Sensata Technologies Holding PLC (NYSE:ST) by 10.8% during the third quarter, HoldingsChannel.com reports. The firm owned 63,220 shares of the scientific and technical instruments company’s stock after selling 7,680 shares during the period. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in Sensata Technologies were worth $3,133,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ST. Tesuji Partners LLC purchased a new position in Sensata Technologies during the 2nd quarter valued at about $501,593,000. Schroder Investment Management Group increased its position in Sensata Technologies by 431.2% during the 2nd quarter. Schroder Investment Management Group now owns 741,728 shares of the scientific and technical instruments company’s stock valued at $35,292,000 after purchasing an additional 602,102 shares during the period. Wells Fargo & Company MN increased its position in Sensata Technologies by 28.4% during the 3rd quarter. Wells Fargo & Company MN now owns 2,256,995 shares of the scientific and technical instruments company’s stock valued at $111,834,000 after purchasing an additional 499,374 shares during the period. Renaissance Technologies LLC purchased a new position in Sensata Technologies during the 2nd quarter valued at about $15,687,000. Finally, Markel Corp purchased a new position in Sensata Technologies during the 2nd quarter valued at about $7,993,000.

A number of research analysts have commented on ST shares. Morgan Stanley downgraded shares of Sensata Technologies from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $55.00 to $47.00 in a research report on Monday, September 17th. Barclays lifted their price objective on shares of Sensata Technologies from $58.00 to $59.00 and gave the stock a “buy” rating in a research report on Wednesday, October 31st. Zacks Investment Research raised shares of Sensata Technologies from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research report on Saturday, August 4th. Canaccord Genuity cut their price objective on shares of Sensata Technologies from $70.00 to $61.00 and set a “buy” rating on the stock in a research report on Wednesday, October 31st. Finally, ValuEngine downgraded shares of Sensata Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $56.33.

Shares of Sensata Technologies stock opened at $47.45 on Friday. The company has a current ratio of 3.10, a quick ratio of 2.35 and a debt-to-equity ratio of 1.38. Sensata Technologies Holding PLC has a 52-week low of $41.12 and a 52-week high of $57.40. The company has a market capitalization of $8.16 billion, a PE ratio of 14.97, a PEG ratio of 1.14 and a beta of 1.55.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings data on Tuesday, October 30th. The scientific and technical instruments company reported $0.91 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.91. The firm had revenue of $873.60 million for the quarter, compared to the consensus estimate of $864.62 million. Sensata Technologies had a net margin of 14.63% and a return on equity of 25.28%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.81 EPS. On average, equities research analysts expect that Sensata Technologies Holding PLC will post 3.68 earnings per share for the current fiscal year.

In related news, EVP Jeffrey J. Cote sold 570 shares of Sensata Technologies stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $50.00, for a total value of $28,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is owned by company insiders.

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Sensata Technologies Company 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.

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

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