BlackRock Amends Sensata Stake to 9.0% as of Jan 31, 2024
Ticker: ST · Form: SC 13G/A · Filed: Feb 7, 2024 · CIK: 1477294
| Field | Detail |
|---|---|
| Company | Sensata Technologies Holding PLC (ST) |
| Form Type | SC 13G/A |
| Filed Date | Feb 7, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock still a major holder in Sensata, now at 9.0% as of Jan 31.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on February 7, 2024, disclosing its ownership in Sensata Technologies Holding plc. As of January 31, 2024, BlackRock beneficially owns 13,858,266 shares of Sensata's Common Stock, representing 9.0% of the company. This is an amendment (Amendment No: 7), indicating a change from their previous filing, and it matters to investors because BlackRock is a major institutional holder, and changes in their stake can signal their confidence in Sensata's future performance.
Why It Matters
BlackRock's significant 9.0% ownership means they are a key institutional investor, and their continued holding or changes in their stake can influence market perception and stock price for Sensata Technologies Holding plc.
Risk Assessment
Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a level of confidence.
Analyst Insight
Investors should note BlackRock's continued significant, albeit slightly adjusted, stake in Sensata Technologies Holding plc. While not an active investment signal, it confirms major institutional interest. Monitor future 13G/A filings for substantial changes in BlackRock's position, which could signal a shift in their outlook on Sensata.
Key Numbers
- 13,858,266 — Shares Beneficially Owned (Represents BlackRock's total holding in Sensata Technologies Holding plc.)
- 9.0% — Percentage of Class (Indicates BlackRock's significant stake in Sensata Technologies Holding plc, making them a major shareholder.)
- January 31, 2024 — Date of Event (The specific date on which BlackRock's reported ownership percentage was calculated.)
- 7 — Amendment Number (Shows this is the seventh update to BlackRock's Schedule 13G filing for Sensata, indicating ongoing adjustments to their position.)
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Sensata Technologies Holding plc (company) — the subject company in which BlackRock holds shares
- 13,858,266 (dollar_amount) — number of shares beneficially owned by BlackRock
- 9.0% (dollar_amount) — percentage of Sensata's common stock owned by BlackRock
- January 31, 2024 (date) — the date of the event requiring the filing
- February 7, 2024 (date) — the date the SC 13G/A was filed
Forward-Looking Statements
- BlackRock will maintain a significant, but potentially fluctuating, stake in Sensata Technologies Holding plc. (BlackRock Inc.) — high confidence, target: Next 12 months
FAQ
What is the purpose of this specific filing, an SC 13G/A?
This is an amendment (Amendment No: 7) to a Schedule 13G filing, which is used by passive institutional investors like BlackRock to report beneficial ownership of 5% or more of a company's stock. The 'A' signifies it's an amendment to a previously filed statement, indicating a change in their reported ownership or other details.
Who is the reporting person in this SC 13G/A filing?
The reporting person is BlackRock Inc., a major institutional investment manager, as stated in the 'FILED BY' section and on the cover page of the filing.
What is the exact percentage of Sensata Technologies Holding plc's Common Stock beneficially owned by BlackRock Inc. as of the event date?
As of January 31, 2024, BlackRock Inc. beneficially owns 9.0% of the Common Stock of Sensata Technologies Holding plc, as indicated on the cover page of the filing.
What is the total number of shares of Common Stock of Sensata Technologies Holding plc that BlackRock Inc. beneficially owns?
BlackRock Inc. beneficially owns 13,858,266 shares of Common Stock of Sensata Technologies Holding plc, according to the filing.
When was the event date that required BlackRock Inc. to file this amendment?
The date of the event which required the filing of this statement was January 31, 2024, as specified on the cover page of the SC 13G/A.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 7, 2024 regarding Sensata Technologies Holding plc (ST).