Concentric Capital Strategies LP Takes Position in Sensata Technologies Holding plc (NYSE:ST)

Concentric Capital Strategies LP purchased a new position in Sensata Technologies Holding plc (NYSE:ST - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 added to or reduced their stakes in the company. Crestline Management LP bought a new stake in Sensata Technologies during the fourth quarter worth about $484,000. Centiva Capital LP bought a new stake in shares of Sensata Technologies in the 4th quarter worth approximately $360,000. Bridgefront Capital LLC purchased a new stake in shares of Sensata Technologies in the 4th quarter worth approximately $225,000. Balyasny Asset Management L.P. increased its position in Sensata Technologies by 34.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 533,270 shares of the scientific and technical instruments company's stock valued at $14,612,000 after buying an additional 135,637 shares in the last quarter. Finally, Bayesian Capital Management LP purchased a new position in Sensata Technologies during the fourth quarter valued at $356,000. Institutional investors own 99.42% of the company's stock.

Analyst Ratings Changes

ST has been the subject of several analyst reports. Robert W. Baird reduced their price target on Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Oppenheimer decreased their target price on shares of Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. The Goldman Sachs Group raised Sensata Technologies from a "neutral" rating to a "buy" rating and reduced their target price for the stock from $31.00 to $27.00 in a report on Thursday, April 10th. Evercore ISI downgraded Sensata Technologies from an "outperform" rating to an "inline" rating and lowered their price target for the company from $40.00 to $27.00 in a report on Thursday, April 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on Sensata Technologies from $27.00 to $21.00 and set an "underweight" rating for the company in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $33.33.

Sensata Technologies Price Performance

NYSE ST opened at $21.68 on Thursday. The business's fifty day moving average is $23.30 and its 200 day moving average is $27.67. Sensata Technologies Holding plc has a fifty-two week low of $17.32 and a fifty-two week high of $43.14. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.99 and a current ratio of 2.85. The company has a market capitalization of $3.17 billion, a PE ratio of 25.80, 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 analysts' consensus estimates of $0.76. Sensata Technologies had a return on equity of 17.54% and a net margin of 3.27%. Sell-side analysts predict that Sensata Technologies Holding plc will post 3.21 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.48 dividend on an annualized basis and a yield of 2.21%. Sensata Technologies's dividend payout ratio is presently 57.14%.

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.

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