Canada Pension Plan Investment Board Purchases Shares of 19,000 Sensata Technologies Holding plc (NYSE:ST)

Canada Pension Plan Investment Board acquired a new stake in Sensata Technologies Holding plc (NYSE:ST - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,000 shares of the scientific and technical instruments company's stock, valued at approximately $521,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC grew its position in Sensata Technologies by 14.9% in the 3rd quarter. Barclays PLC now owns 77,759 shares of the scientific and technical instruments company's stock valued at $2,788,000 after buying an additional 10,107 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Sensata Technologies by 3.7% in the third quarter. Franklin Resources Inc. now owns 11,442 shares of the scientific and technical instruments company's stock valued at $418,000 after acquiring an additional 403 shares in the last quarter. 272 Capital LP acquired a new position in shares of Sensata Technologies during the third quarter worth about $292,000. JPMorgan Chase & Co. increased its stake 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 worth $23,688,000 after acquiring an additional 264,334 shares during the period. Finally, Oak Thistle LLC lifted its position in Sensata Technologies by 326.8% in the fourth quarter. Oak Thistle LLC now owns 59,007 shares of the scientific and technical instruments company's stock valued at $1,617,000 after purchasing an additional 45,182 shares during the period. 99.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ST has been the topic of several recent analyst reports. Oppenheimer dropped their target price 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. Evercore ISI cut Sensata Technologies from an "outperform" rating to an "inline" rating and cut their price objective for the stock from $40.00 to $27.00 in a research report on Thursday, April 3rd. Wells Fargo & Company initiated coverage on shares of 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. UBS Group reduced their price objective on shares of Sensata Technologies from $37.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Robert W. Baird lowered 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 report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Sensata Technologies has a consensus rating of "Hold" and an average target price of $33.33.

Sensata Technologies Price Performance

Sensata Technologies stock traded up $0.05 during mid-day trading on Wednesday, hitting $21.42. 1,679,857 shares of the company were exchanged, compared to its average volume of 1,755,185. Sensata Technologies Holding plc has a 12-month low of $17.32 and a 12-month high of $43.14. The company has a market capitalization of $3.20 billion, a P/E ratio of 25.50, a PEG ratio of 1.25 and a beta of 1.12. The business's 50 day simple moving average is $24.05 and its two-hundred day simple moving average is $28.16. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.85 and a quick ratio of 1.99.

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 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%. Analysts forecast that Sensata Technologies Holding plc will post 3.21 earnings per share for the current fiscal 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 paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.48 annualized dividend and a yield of 2.24%. Sensata Technologies's payout ratio is currently 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.