Reinhart Partners LLC. Purchases 86,074 Shares of Sensata Technologies Holding plc (NYSE:ST)

Reinhart Partners LLC. lifted its stake in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) by 42.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 291,015 shares of the scientific and technical instruments company's stock after acquiring an additional 86,074 shares during the quarter. Reinhart Partners LLC. owned about 0.19% of Sensata Technologies worth $7,063,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Fuller & Thaler Asset Management Inc. boosted 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 buying an additional 2,587,183 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Sensata Technologies by 36.4% during the fourth 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 buying an additional 2,088,161 shares in the last quarter. Norges Bank bought a new stake in Sensata Technologies during the fourth quarter worth approximately $48,580,000. Woodline Partners LP boosted its holdings in Sensata Technologies by 65.2% during the fourth quarter. Woodline Partners LP now owns 2,277,826 shares of the scientific and technical instruments company's stock worth $62,412,000 after buying an additional 898,835 shares in the last quarter. Finally, Eminence Capital LP boosted its holdings in Sensata Technologies by 25.2% during the fourth quarter. Eminence Capital LP now owns 4,318,718 shares of the scientific and technical instruments company's stock worth $118,333,000 after buying an additional 870,419 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company's stock.

Sensata Technologies Stock Performance

Shares of NYSE:ST traded up $0.54 on Tuesday, hitting $28.31. 2,106,194 shares of the company were exchanged, compared to its average volume of 1,691,307. The company's 50 day moving average price is $23.22 and its two-hundred day moving average price is $26.48. Sensata Technologies Holding plc has a one year low of $17.32 and a one year high of $42.33. 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 $4.14 billion, a price-to-earnings ratio of 33.70, a PEG ratio of 1.25 and a beta of 1.10.

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

Sensata Technologies Dividend Announcement

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

Wall Street Analysts Forecast Growth

ST has been the subject of a number of research reports. Evercore ISI cut shares of Sensata Technologies from an "outperform" rating to an "inline" rating and reduced their target price for the stock from $40.00 to $27.00 in a report on Thursday, April 3rd. Oppenheimer lowered their price target on shares of Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Robert W. Baird reduced their price objective on shares of Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Wall Street Zen lowered shares of Sensata Technologies from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. Finally, The Goldman Sachs Group lifted 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $34.08.

Insider Activity at Sensata Technologies

In other Sensata Technologies news, Director Andrew C. Teich acquired 9,925 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The shares were acquired at an average cost of $25.19 per share, for a total transaction of $250,010.75. Following the completion of the acquisition, the director now directly owns 41,117 shares of the company's stock, valued at approximately $1,035,737.23. This represents a 31.82% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.89% of the stock is currently owned by company insiders.

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.