Concentric Capital Strategies LP Invests $1.25 Million in Sensata Technologies Holding plc (NYSE:ST)

Concentric Capital Strategies LP bought a new position in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 45,615 shares of the scientific and technical instruments company's stock, valued at approximately $1,250,000.

A number of other institutional investors have also modified their holdings of ST. Blue Trust Inc. boosted its holdings in Sensata Technologies by 738.7% in the 4th quarter. Blue Trust Inc. now owns 931 shares of the scientific and technical instruments company's stock worth $26,000 after acquiring an additional 820 shares during the period. Brown Brothers Harriman & Co. purchased a new position in shares of Sensata Technologies during the 4th quarter valued at approximately $27,000. Venturi Wealth Management LLC boosted 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 valued at $56,000 after buying an additional 817 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Sensata Technologies by 48.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,523 shares of the scientific and technical instruments company's stock valued at $69,000 after buying an additional 820 shares during the last quarter. Finally, Headlands Technologies LLC boosted its stake in shares of Sensata Technologies by 524.8% during the 4th quarter. Headlands Technologies LLC now owns 2,768 shares of the scientific and technical instruments company's stock valued at $76,000 after buying an additional 2,325 shares during the last quarter. Hedge funds and other institutional investors own 99.42% of the company's stock.

Sensata Technologies Stock Performance

Shares of ST traded up $0.80 during trading hours on Tuesday, reaching $28.47. 807,582 shares of the company's stock traded hands, compared to its average volume of 1,711,166. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 33.89, a P/E/G ratio of 1.25 and a beta of 1.02. 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 Holding plc has a twelve month low of $17.32 and a twelve month high of $43.14. The business's fifty day simple moving average is $23.20 and its two-hundred day simple moving average is $27.36.

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

Sensata Technologies Dividend Announcement

The company also recently declared 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. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Wednesday, May 14th. Sensata Technologies's dividend payout ratio (DPR) is presently 59.26%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. UBS Group reduced their target price 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. Wells Fargo & Company assumed coverage on Sensata Technologies in a research note on Friday, April 25th. They set an "equal weight" rating and a $20.00 price objective on the stock. 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 note on Thursday, April 17th. Oppenheimer reduced their price objective on Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Finally, Robert W. Baird reduced their price objective on Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target 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.