ArrowMark Colorado Holdings LLC Decreases Stake in Sensata Technologies Holding plc (NYSE:ST)

ArrowMark Colorado Holdings LLC lessened its stake in Sensata Technologies Holding plc (NYSE:ST - Free Report) by 4.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,015,326 shares of the scientific and technical instruments company's stock after selling 194,374 shares during the period. Sensata Technologies comprises approximately 1.5% of ArrowMark Colorado Holdings LLC's portfolio, making the stock its 15th largest position. ArrowMark Colorado Holdings LLC owned 2.68% of Sensata Technologies worth $110,020,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC boosted its stake in shares of Sensata Technologies by 14.9% in the third quarter. Barclays PLC now owns 77,759 shares of the scientific and technical instruments company's stock valued at $2,788,000 after purchasing an additional 10,107 shares during the period. JPMorgan Chase & Co. lifted its holdings in Sensata Technologies by 66.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 660,568 shares of the scientific and technical instruments company's stock worth $23,688,000 after buying an additional 264,334 shares in the last quarter. Oak Thistle LLC boosted its position in Sensata Technologies by 326.8% in the 4th quarter. Oak Thistle LLC now owns 59,007 shares of the scientific and technical instruments company's stock valued at $1,617,000 after buying an additional 45,182 shares during the period. Park Avenue Securities LLC grew its stake in shares of Sensata Technologies by 16.9% in the fourth quarter. Park Avenue Securities LLC now owns 10,852 shares of the scientific and technical instruments company's stock worth $297,000 after acquiring an additional 1,571 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in shares of Sensata Technologies by 107.0% during the fourth quarter. Crossmark Global Holdings Inc. now owns 17,363 shares of the scientific and technical instruments company's stock worth $476,000 after acquiring an additional 8,974 shares during the period. Hedge funds and other institutional investors own 99.42% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on ST shares. The Goldman Sachs Group raised Sensata Technologies from a "neutral" rating to a "buy" rating and lowered their target price for the stock from $31.00 to $27.00 in a research note on Thursday, April 10th. Robert W. Baird cut their target price on shares of Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Wells Fargo & Company started coverage on shares of Sensata Technologies in a research note on Friday, April 25th. They issued an "equal weight" rating and a $20.00 price target for the company. JPMorgan Chase & Co. lowered their price target on shares of Sensata Technologies from $27.00 to $21.00 and set an "underweight" rating for the company in a report on Thursday, April 17th. Finally, Evercore ISI cut shares of Sensata Technologies from an "outperform" rating to an "inline" rating and decreased their price objective for the stock from $40.00 to $27.00 in a research report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $33.33.

Sensata Technologies Stock Performance

Shares of NYSE ST traded down $0.11 during trading hours on Monday, reaching $21.96. The stock had a trading volume of 1,571,575 shares, compared to its average volume of 1,725,180. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 1.25 and a beta of 1.12. Sensata Technologies Holding plc has a fifty-two week low of $17.32 and a fifty-two week high of $43.14. The firm has a 50-day moving average of $23.59 and a 200-day moving average of $27.76. The company has a current ratio of 2.85, a quick ratio of 1.99 and a debt-to-equity ratio of 1.11.

Sensata Technologies (NYSE:ST - Get Free Report) last announced its earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.76. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. Equities research analysts predict that Sensata Technologies Holding plc will post 3.21 earnings per share for the current year.

Sensata Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.48 annualized dividend and a dividend yield of 2.19%. Sensata Technologies's dividend payout ratio (DPR) is 57.14%.

About Sensata Technologies

Sensata Technologies Holding plc develops, manufactures, and sells sensors and sensor-rich solutions, electrical protection components and systems, and other products used in mission-critical systems and applications in the United States and internationally. It operates in two segments, Performance Sensing and Sensing Solutions.