Balyasny Asset Management L.P. Boosts Stake in Sensata Technologies Holding plc (NYSE:ST)

Balyasny Asset Management L.P. lifted its position in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) by 34.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 533,270 shares of the scientific and technical instruments company's stock after purchasing an additional 135,637 shares during the period. Balyasny Asset Management L.P. owned 0.36% of Sensata Technologies worth $14,612,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in Sensata Technologies by 738.7% in the fourth quarter. Blue Trust Inc. now owns 931 shares of the scientific and technical instruments company's stock valued at $26,000 after acquiring an additional 820 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Sensata Technologies in the fourth quarter valued at $27,000. Venturi Wealth Management LLC grew its stake in shares of Sensata Technologies by 67.6% during the 4th quarter. Venturi Wealth Management LLC now owns 2,026 shares of the scientific and technical instruments company's stock worth $56,000 after acquiring an additional 817 shares during the period. Parkside Financial Bank & Trust increased its holdings in Sensata Technologies by 48.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,523 shares of the scientific and technical instruments company's stock worth $69,000 after acquiring an additional 820 shares during the last quarter. Finally, Headlands Technologies LLC lifted its holdings in Sensata Technologies by 524.8% during the fourth quarter. Headlands Technologies LLC now owns 2,768 shares of the scientific and technical instruments company's stock valued at $76,000 after purchasing an additional 2,325 shares during the last quarter. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Sensata Technologies Trading Up 13.8 %

Shares of ST stock traded up $3.10 during mid-day trading on Friday, reaching $25.56. The stock had a trading volume of 2,991,544 shares, compared to its average volume of 1,710,224. The company has a current ratio of 2.85, a quick ratio of 1.99 and a debt-to-equity ratio of 1.11. The stock's 50-day moving average price is $23.19 and its two-hundred day moving average price is $27.46. The firm has a market capitalization of $3.74 billion, a PE ratio of 30.43, a price-to-earnings-growth ratio of 1.25 and a beta of 1.02. Sensata Technologies Holding plc has a 52-week low of $17.32 and a 52-week high of $43.14.

Sensata Technologies (NYSE:ST - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The scientific and technical instruments company reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.06. The company had revenue of $911.26 million during the quarter, compared to the consensus estimate of $878.39 million. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. Sensata Technologies's revenue was down 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.89 earnings per share. Equities analysts expect that Sensata Technologies Holding plc will post 3.21 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Wednesday, May 14th. Sensata Technologies's dividend payout ratio is 59.26%.

Analysts Set New Price Targets

ST has been the topic of a number of recent research reports. Wells Fargo & Company started coverage on shares of Sensata Technologies in a research note on Friday, April 25th. They set an "equal weight" rating and a $20.00 price target on the stock. UBS Group dropped their target price on Sensata Technologies from $37.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Evercore ISI cut Sensata Technologies from an "outperform" rating to an "inline" rating and reduced their price target for the company from $40.00 to $27.00 in a research report on Thursday, April 3rd. Robert W. Baird dropped their price objective on Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Finally, Oppenheimer reduced their target price on Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $33.58.

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.