Crestline Management LP Makes New $484,000 Investment in Sensata Technologies Holding plc (NYSE:ST)

Crestline Management 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 institutional investor bought 17,662 shares of the scientific and technical instruments company's stock, valued at approximately $484,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. raised its holdings in Sensata Technologies by 96.8% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,260,870 shares of the scientific and technical instruments company's stock worth $144,148,000 after acquiring an additional 2,587,183 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Sensata Technologies by 36.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,821,428 shares of the scientific and technical instruments company's stock worth $214,308,000 after purchasing an additional 2,088,161 shares in the last quarter. Norges Bank acquired a new stake in shares of Sensata Technologies in the 4th quarter valued at approximately $48,580,000. Boston Partners grew its stake in shares of Sensata Technologies by 11.6% in the fourth quarter. Boston Partners now owns 6,526,941 shares of the scientific and technical instruments company's stock valued at $179,087,000 after buying an additional 677,316 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Sensata Technologies by 12.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,808,186 shares of the scientific and technical instruments company's stock valued at $159,143,000 after buying an additional 648,028 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company's stock.

Sensata Technologies Price Performance

Sensata Technologies stock traded up $0.58 during midday trading on Tuesday, reaching $28.25. The company's stock had a trading volume of 1,980,032 shares, compared to its average volume of 1,709,913. 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 has a market cap of $4.13 billion, a PE ratio of 33.63, 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. The business has a 50-day moving average price of $23.20 and a 200-day moving average price of $27.36.

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 for 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 period in the previous year, the firm posted $0.89 EPS. On average, sell-side analysts predict that Sensata Technologies Holding plc will post 3.21 EPS for the current year.

Sensata Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Wednesday, May 14th. Sensata Technologies's dividend payout ratio (DPR) is 59.26%.

Wall Street Analyst Weigh In

A number of brokerages have commented on ST. Oppenheimer cut their price target on shares of Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. The Goldman Sachs Group raised their target price on shares of Sensata Technologies from $27.00 to $30.00 and gave the company a "buy" rating in a research note on Friday. Evercore ISI downgraded Sensata Technologies from an "outperform" rating to an "inline" rating and lowered their price target for the stock from $40.00 to $27.00 in a research report on Thursday, April 3rd. UBS Group dropped their price objective on Sensata Technologies from $37.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Finally, 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 target price for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Sensata Technologies presently has an average rating of "Hold" and a consensus 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.