ArrowMark Colorado Holdings LLC Trims Stock Position in Sensata Technologies Holding plc (NYSE:ST)

ArrowMark Colorado Holdings LLC lessened its holdings in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (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 makes up 1.5% of ArrowMark Colorado Holdings LLC's holdings, making the stock its 15th biggest position. ArrowMark Colorado Holdings LLC owned approximately 2.68% of Sensata Technologies worth $110,020,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in ST. AXA S.A. raised its holdings in shares of Sensata Technologies by 1.8% during the fourth quarter. AXA S.A. now owns 197,133 shares of the scientific and technical instruments company's stock valued at $5,401,000 after acquiring an additional 3,484 shares during the last quarter. Freestone Grove Partners LP acquired a new stake in Sensata Technologies during the 4th quarter worth $449,000. Northern Trust Corp raised its position in shares of Sensata Technologies by 6.4% in the fourth quarter. Northern Trust Corp now owns 1,793,392 shares of the scientific and technical instruments company's stock valued at $49,139,000 after buying an additional 108,555 shares during the last quarter. Quarry LP boosted its position in Sensata Technologies by 286.1% during the fourth quarter. Quarry LP now owns 6,618 shares of the scientific and technical instruments company's stock worth $181,000 after acquiring an additional 4,904 shares during the last quarter. Finally, Aquatic Capital Management LLC grew its stake in Sensata Technologies by 3.8% during the 4th quarter. Aquatic Capital Management LLC now owns 67,388 shares of the scientific and technical instruments company's stock valued at $1,846,000 after acquiring an additional 2,488 shares in the last quarter. 99.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. reduced their price objective on Sensata Technologies from $27.00 to $21.00 and set an "underweight" rating on the stock in a research report on Thursday, April 17th. The Goldman Sachs Group upgraded shares of Sensata Technologies from a "neutral" rating to a "buy" rating and cut their price objective for the stock from $31.00 to $27.00 in a research report on Thursday, April 10th. Evercore ISI downgraded shares of Sensata Technologies from an "outperform" rating to an "inline" rating and cut their price target for the stock from $40.00 to $27.00 in a report on Thursday, April 3rd. Robert W. Baird cut their target price on Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Finally, Oppenheimer cut their price objective on Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Sensata Technologies has an average rating of "Hold" and an average target price of $33.33.

Sensata Technologies Stock Performance

ST stock traded up $0.81 during trading on Thursday, hitting $22.50. The company had a trading volume of 1,254,428 shares, compared to its average volume of 1,704,399. Sensata Technologies Holding plc has a 1-year low of $17.32 and a 1-year high of $43.14. The firm has a 50-day moving average price of $23.30 and a 200-day moving average price of $27.67. The company has a quick ratio of 1.99, a current ratio of 2.85 and a debt-to-equity ratio of 1.11. The firm has a market cap of $3.29 billion, a PE ratio of 26.79, a price-to-earnings-growth ratio of 1.25 and a beta of 1.02.

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

Sensata Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be given a $0.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $0.48 annualized dividend and a dividend yield of 2.13%. Sensata Technologies's dividend payout ratio is presently 57.14%.

Sensata Technologies Profile

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.