Sensata Technologies Holding plc (NYSE:ST) Shares Bought by Versant Capital Management Inc

Versant Capital Management Inc grew its holdings in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) by 2,152.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,229 shares of the scientific and technical instruments company's stock after buying an additional 14,553 shares during the period. Versant Capital Management Inc's holdings in Sensata Technologies were worth $370,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Blue Trust Inc. increased its holdings in shares of Sensata Technologies by 738.7% in the 4th quarter. Blue Trust Inc. now owns 931 shares of the scientific and technical instruments company's stock worth $26,000 after purchasing an additional 820 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Sensata Technologies during the fourth quarter valued at $27,000. Venturi Wealth Management LLC increased its holdings in Sensata Technologies by 67.6% in the 4th quarter. Venturi Wealth Management LLC now owns 2,026 shares of the scientific and technical instruments company's stock worth $56,000 after buying an additional 817 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Sensata Technologies by 48.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,523 shares of the scientific and technical instruments company's stock worth $69,000 after buying an additional 820 shares during the last quarter. Finally, Headlands Technologies LLC raised its position in Sensata Technologies by 524.8% in the 4th quarter. Headlands Technologies LLC now owns 2,768 shares of the scientific and technical instruments company's stock worth $76,000 after buying an additional 2,325 shares during the last quarter. Institutional investors own 99.42% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Oppenheimer lowered their price objective on shares of Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Evercore ISI downgraded shares of Sensata Technologies from an "outperform" rating to an "inline" rating and decreased their price target for the stock from $40.00 to $27.00 in a research report on Thursday, April 3rd. UBS Group cut their price objective on shares of Sensata Technologies from $37.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. 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 research note on Thursday, April 17th. Finally, Wall Street Zen downgraded Sensata Technologies from a "buy" rating to a "hold" rating in a research report on Sunday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $34.08.

Insider Transactions at Sensata Technologies

In related news, Director Andrew C. Teich purchased 9,925 shares of Sensata Technologies stock in a transaction dated Friday, May 23rd. The shares were acquired at an average price of $25.19 per share, for a total transaction of $250,010.75. Following the acquisition, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.89% of the company's stock.

Sensata Technologies Stock Performance

Shares of ST traded up $0.05 during trading hours on Wednesday, hitting $26.59. The stock had a trading volume of 225,722 shares, compared to its average volume of 1,693,522. The firm has a 50-day moving average price of $22.86 and a 200 day moving average price of $26.62. Sensata Technologies Holding plc has a fifty-two week low of $17.32 and a fifty-two week high of $42.33. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 31.65, a PEG ratio of 1.25 and a beta of 1.02. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.99 and a current ratio of 2.85.

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. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. The company had revenue of $911.26 million during the quarter, compared to analysts' expectations of $878.39 million. During the same quarter in the previous year, the company earned $0.89 earnings per share. The firm's revenue for the quarter was down 9.5% on a year-over-year basis. As a group, research analysts anticipate that Sensata Technologies Holding plc will post 3.21 EPS for the current year.

Sensata Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.48 dividend on an annualized basis and a yield of 1.81%. Sensata Technologies's dividend payout ratio is currently 59.26%.

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.