Bayesian Capital Management LP Takes Position in Sensata Technologies Holding plc (NYSE:ST)

Bayesian Capital Management LP purchased a new position in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,000 shares of the scientific and technical instruments company's stock, valued at approximately $356,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in Sensata Technologies in the 4th quarter worth approximately $48,580,000. Invesco Ltd. grew its holdings in shares of Sensata Technologies by 19.4% in the fourth quarter. Invesco Ltd. now owns 326,180 shares of the scientific and technical instruments company's stock worth $8,937,000 after purchasing an additional 53,034 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Sensata Technologies by 66.7% during the third quarter. JPMorgan Chase & Co. now owns 660,568 shares of the scientific and technical instruments company's stock valued at $23,688,000 after buying an additional 264,334 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of Sensata Technologies by 94.7% during the 4th quarter. Prudential Financial Inc. now owns 213,624 shares of the scientific and technical instruments company's stock valued at $5,853,000 after purchasing an additional 103,897 shares in the last quarter. Finally, Kempner Capital Management Inc. raised its holdings in Sensata Technologies by 233.9% in the 4th quarter. Kempner Capital Management Inc. now owns 209,064 shares of the scientific and technical instruments company's stock valued at $5,728,000 after buying an additional 146,449 shares during the period. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ST has been the subject of a number of recent research reports. Evercore ISI cut shares of Sensata Technologies from an "outperform" rating to an "inline" rating and decreased their price target for the stock from $40.00 to $27.00 in a research note on Thursday, April 3rd. Wells Fargo & Company began coverage on Sensata Technologies in a research report on Friday, April 25th. They set an "equal weight" rating and a $20.00 target price on the stock. Robert W. Baird cut their price target on Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. The Goldman Sachs Group lifted their price target on Sensata Technologies from $27.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday. Finally, UBS Group cut their price target on Sensata Technologies from $37.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. 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 company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $33.58.

Sensata Technologies Price Performance

Shares of ST traded up $0.82 during trading hours on Tuesday, hitting $28.49. The stock had a trading volume of 630,858 shares, compared to its average volume of 1,877,618. Sensata Technologies Holding plc has a 52 week low of $17.32 and a 52 week high of $43.14. The company's fifty day moving average is $23.20 and its two-hundred day moving average is $27.36. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.85 and a quick ratio of 1.99. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of 33.92, a P/E/G ratio of 1.25 and a beta of 1.02.

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

Sensata Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Wednesday, May 14th. Sensata Technologies's dividend payout ratio is presently 59.26%.

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.