Harbor Capital Advisors Inc. Reduces Stake in Sensata Technologies Holding plc (NYSE:ST)

Harbor Capital Advisors Inc. lessened its stake in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) by 14.9% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 322,464 shares of the scientific and technical instruments company's stock after selling 56,294 shares during the period. Harbor Capital Advisors Inc. owned 0.22% of Sensata Technologies worth $7,826,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ST. Norges Bank purchased a new position in shares of Sensata Technologies in the fourth quarter valued at $48,580,000. Invesco Ltd. lifted its position in 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 buying an additional 53,034 shares during the last quarter. Prudential Financial Inc. boosted its stake 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 worth $5,853,000 after purchasing an additional 103,897 shares during the period. Charles Schwab Investment Management Inc. raised its position in Sensata Technologies by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,060,537 shares of the scientific and technical instruments company's stock worth $29,059,000 after purchasing an additional 19,233 shares during the period. Finally, Two Sigma Advisers LP boosted its position in shares of Sensata Technologies by 316.4% during the fourth quarter. Two Sigma Advisers LP now owns 30,400 shares of the scientific and technical instruments company's stock valued at $833,000 after buying an additional 23,100 shares during the period. Institutional investors own 99.42% of the company's stock.

Sensata Technologies Stock Up 1.9%

Sensata Technologies stock traded up $0.54 during trading hours on Tuesday, reaching $28.31. The stock had a trading volume of 2,106,194 shares, compared to its average volume of 1,690,023. Sensata Technologies Holding plc has a 52 week low of $17.32 and a 52 week high of $42.33. The company has a market cap of $4.14 billion, a price-to-earnings ratio of 33.70, a PEG ratio of 1.25 and a beta of 1.10. 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 business's 50 day moving average price is $23.06 and its 200-day moving average price is $26.47.

Sensata Technologies (NYSE:ST - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The scientific and technical instruments company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.06. The business 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 business's revenue for the quarter was down 9.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.89 earnings per share. Sell-side analysts anticipate that Sensata Technologies Holding plc will post 3.21 EPS for the current year.

Sensata Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Wednesday, May 14th. Sensata Technologies's payout ratio is currently 59.26%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Evercore ISI downgraded Sensata Technologies from an "outperform" rating to an "inline" rating and decreased their target price for the stock from $40.00 to $27.00 in a research report on Thursday, April 3rd. UBS Group lowered their price target on Sensata Technologies from $37.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, April 10th. JPMorgan Chase & Co. decreased 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. The Goldman Sachs Group increased their target price on shares of Sensata Technologies from $27.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Finally, Oppenheimer cut their target price on shares of Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $34.08.

Insiders Place Their Bets

In other news, Director Andrew C. Teich bought 9,925 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The shares were purchased at an average cost of $25.19 per share, with a total value of $250,010.75. Following the transaction, the director now directly owns 41,117 shares in the company, valued at approximately $1,035,737.23. The trade was a 31.82% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.89% of the company's stock.

Sensata Technologies Company 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.