Two Sigma Advisers LP Purchases 23,100 Shares of Sensata Technologies Holding plc (NYSE:ST)

Two Sigma Advisers LP raised its holdings in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) by 316.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,400 shares of the scientific and technical instruments company's stock after purchasing an additional 23,100 shares during the period. Two Sigma Advisers LP's holdings in Sensata Technologies were worth $833,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Blue Trust Inc. boosted its stake in 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. bought a new position in shares of Sensata Technologies in the fourth quarter worth approximately $27,000. Venturi Wealth Management LLC grew its holdings in shares of Sensata Technologies by 67.6% during the fourth quarter. Venturi Wealth Management LLC now owns 2,026 shares of the scientific and technical instruments company's stock valued at $56,000 after buying an additional 817 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of Sensata Technologies by 48.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,523 shares of the scientific and technical instruments company's stock valued at $69,000 after acquiring an additional 820 shares in the last quarter. Finally, Headlands Technologies LLC raised its holdings 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 acquiring an additional 2,325 shares during the last quarter. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ST has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their target price on Sensata Technologies from $23.00 to $26.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Oppenheimer reduced their price objective on Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. The Goldman Sachs Group upped 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, May 9th. UBS Group dropped their price target on shares of Sensata Technologies from $37.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Sensata Technologies from $27.00 to $21.00 and set an "underweight" rating for the company in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $34.08.

Sensata Technologies Price Performance

Shares of ST traded up $0.03 during mid-day trading on Thursday, reaching $26.63. The stock had a trading volume of 446,940 shares, compared to its average volume of 1,825,007. The business has a fifty day moving average of $22.90 and a 200 day moving average of $26.62. The firm has a market cap of $3.89 billion, a price-to-earnings ratio of 31.71, a PEG ratio of 1.25 and a beta of 1.02. Sensata Technologies Holding plc has a 12 month low of $17.32 and a 12 month 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.

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 net margin of 3.27% and a return on equity of 17.54%. The business had revenue of $911.26 million during the quarter, compared to analyst estimates of $878.39 million. During the same period last year, the firm posted $0.89 EPS. The company's revenue was down 9.5% on a year-over-year basis. Equities analysts predict that Sensata Technologies Holding plc will post 3.21 EPS for the current year.

Sensata Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend was Wednesday, May 14th. Sensata Technologies's dividend payout ratio (DPR) is presently 59.26%.

Insider Activity

In other Sensata Technologies news, Director Andrew C. Teich bought 9,925 shares of the firm's stock in a transaction dated Friday, May 23rd. The shares were purchased at an average cost of $25.19 per share, for a total transaction of $250,010.75. Following the transaction, the director now owns 41,117 shares of the company's stock, valued at $1,035,737.23. This represents a 31.82% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.89% of the company's stock.

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.