Voloridge Investment Management LLC Purchases Shares of 411,843 Sensata Technologies Holding plc (NYSE:ST)

Voloridge Investment Management LLC purchased a new stake in Sensata Technologies Holding plc (NYSE:ST - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 411,843 shares of the scientific and technical instruments company's stock, valued at approximately $11,284,000. Voloridge Investment Management LLC owned approximately 0.28% of Sensata Technologies as of its most recent SEC filing.

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

Insider Buying and Selling at Sensata Technologies

In related news, Director Andrew C. Teich acquired 9,925 shares of Sensata Technologies stock in a transaction that occurred on Friday, May 23rd. The stock was acquired at an average price of $25.19 per share, with a total value 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 $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 through this hyperlink. 0.89% of the stock is owned by insiders.

Sensata Technologies Trading Down 2.6%

Shares of ST traded down $0.69 during mid-day trading on Friday, reaching $26.18. The company had a trading volume of 199,054 shares, compared to its average volume of 1,705,940. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 31.20, a price-to-earnings-growth ratio of 1.25 and a beta of 1.02. The firm has a fifty day simple moving average of $22.92 and a 200-day simple moving average of $26.79. Sensata Technologies Holding plc has a fifty-two week low of $17.32 and a fifty-two week high of $42.33. The company has a current ratio of 2.85, a quick ratio of 1.99 and a debt-to-equity ratio of 1.11.

Sensata Technologies (NYSE:ST - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $911.26 million for the quarter, compared to analysts' expectations of $878.39 million. During the same period in the previous year, the company posted $0.89 earnings per share. Sensata Technologies's revenue was down 9.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Sensata Technologies Holding plc will post 3.21 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.48 annualized dividend and a yield of 1.83%. Sensata Technologies's payout ratio is 59.26%.

Analyst Ratings Changes

ST has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price target on shares of Sensata Technologies from $23.00 to $26.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Oppenheimer lowered their price target on shares of Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. Wall Street Zen upgraded shares of Sensata Technologies from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. JPMorgan Chase & Co. lowered their price target 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. Finally, Evercore ISI downgraded shares of Sensata Technologies from an "outperform" rating to an "inline" rating and lowered their price target for the stock from $40.00 to $27.00 in a report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $34.08.

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.