Man Group plc increased its holdings in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) by 331.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 237,282 shares of the scientific and technical instruments company's stock after buying an additional 182,276 shares during the period. Man Group plc owned about 0.16% of Sensata Technologies worth $6,502,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Nomura Holdings Inc. bought a new stake in Sensata Technologies during the fourth quarter valued at $544,000. Numerai GP LLC acquired a new stake in Sensata Technologies during the fourth quarter worth approximately $1,341,000. Occudo Quantitative Strategies LP bought a new stake in Sensata Technologies in the fourth quarter worth approximately $368,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Sensata Technologies by 9.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 428,966 shares of the scientific and technical instruments company's stock valued at $11,675,000 after buying an additional 37,591 shares during the period. Finally, Invenomic Capital Management LP boosted its holdings in shares of Sensata Technologies by 21.7% during the 4th quarter. Invenomic Capital Management LP now owns 1,044,180 shares of the scientific and technical instruments company's stock worth $28,611,000 after buying an additional 186,511 shares in the last quarter. 99.42% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on ST. Robert W. Baird lowered their target price on Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. UBS Group decreased their target price on Sensata Technologies from $37.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. The Goldman Sachs Group boosted their target price on Sensata Technologies from $27.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Wall Street Zen upgraded Sensata Technologies from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Wells Fargo & Company raised their price target on shares of Sensata Technologies from $23.00 to $26.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Sensata Technologies has a consensus rating of "Hold" and an average target price of $34.08.
Check Out Our Latest Report on ST
Sensata Technologies Trading Down 1.2%
NYSE:ST traded down $0.31 during trading hours on Monday, reaching $25.23. The company's stock had a trading volume of 1,908,088 shares, compared to its average volume of 1,709,864. 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 firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 30.03, a PEG ratio of 1.25 and a beta of 1.02. The firm has a 50-day simple moving average of $23.04 and a 200-day simple moving average of $26.90. Sensata Technologies Holding plc has a 1 year low of $17.32 and a 1 year high of $42.60.
Sensata Technologies (NYSE:ST - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The scientific and technical instruments company reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.06. Sensata Technologies had a return on equity of 17.54% and a net margin of 3.27%. The firm had revenue of $911.26 million for the quarter, compared to analysts' expectations of $878.39 million. During the same period last year, the firm earned $0.89 earnings per share. The company's revenue for the quarter was down 9.5% compared to the same quarter last year. Research analysts expect that Sensata Technologies Holding plc will post 3.21 EPS for the current fiscal year.
Sensata Technologies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, May 14th. This represents a $0.48 annualized dividend and a yield of 1.90%. Sensata Technologies's payout ratio is currently 59.26%.
Sensata Technologies Profile
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Free Report)
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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