Voloridge Investment Management LLC Invests $11.28 Million in Sensata Technologies Holding plc (NYSE:ST)

Voloridge Investment Management LLC acquired a new position in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 411,843 shares of the scientific and technical instruments company's stock, valued at approximately $11,284,000. Voloridge Investment Management LLC owned 0.28% of Sensata Technologies at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Barclays PLC grew its position in shares of Sensata Technologies by 14.9% in the third quarter. Barclays PLC now owns 77,759 shares of the scientific and technical instruments company's stock valued at $2,788,000 after purchasing an additional 10,107 shares during the last quarter. Park Avenue Securities LLC boosted its stake in Sensata Technologies by 16.9% during the 4th quarter. Park Avenue Securities LLC now owns 10,852 shares of the scientific and technical instruments company's stock valued at $297,000 after purchasing an additional 1,571 shares during the period. Crossmark Global Holdings Inc. increased its position in Sensata Technologies by 107.0% in the 4th quarter. Crossmark Global Holdings Inc. now owns 17,363 shares of the scientific and technical instruments company's stock worth $476,000 after buying an additional 8,974 shares during the period. SG Americas Securities LLC acquired a new position in shares of Sensata Technologies during the fourth quarter worth approximately $701,000. Finally, Olstein Capital Management L.P. lifted its holdings in shares of Sensata Technologies by 19.7% during the fourth quarter. Olstein Capital Management L.P. now owns 444,074 shares of the scientific and technical instruments company's stock worth $12,168,000 after buying an additional 73,074 shares during the last quarter. 99.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ST shares. Oppenheimer dropped 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. JPMorgan Chase & Co. dropped their price objective on shares of Sensata Technologies from $27.00 to $21.00 and set an "underweight" rating on the stock in a report on Thursday, April 17th. Wall Street Zen upgraded shares of Sensata Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Robert W. Baird lowered their price target on Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Finally, Wells Fargo & Company lifted their price objective on Sensata Technologies from $23.00 to $26.00 and gave the stock 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average 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 on Friday, May 23rd. The shares were bought 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 owns 41,117 shares in the company, valued at approximately $1,035,737.23. This trade 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 this hyperlink. Company insiders own 0.89% of the company's stock.

Sensata Technologies Price Performance

Shares of NYSE:ST traded up $0.55 during trading on Thursday, reaching $26.87. The stock had a trading volume of 1,725,830 shares, compared to its average volume of 1,711,622. The stock has a market capitalization of $3.93 billion, a PE ratio of 31.99, a P/E/G ratio of 1.25 and a beta of 1.02. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.85 and a quick ratio of 1.99. Sensata Technologies Holding plc has a 52 week low of $17.32 and a 52 week high of $42.33. The business's 50-day moving average price is $22.94 and its 200 day moving average price is $26.83.

Sensata Technologies (NYSE:ST - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The scientific and technical instruments company reported $0.78 EPS for the quarter, topping 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 company had revenue of $911.26 million for the quarter, compared to analyst estimates of $878.39 million. During the same quarter in the previous year, the firm earned $0.89 earnings per share. The business's revenue was down 9.5% on a year-over-year basis. As a group, equities analysts predict that Sensata Technologies Holding plc will post 3.21 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The company 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. The ex-dividend date was Wednesday, May 14th. This represents a $0.48 dividend on an annualized basis and a yield of 1.79%. Sensata Technologies's payout ratio is 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.