108,117 Shares in Sensata Technologies Holding plc (NYSE:ST) Purchased by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC bought a new position in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 108,117 shares of the scientific and technical instruments company's stock, valued at approximately $2,624,000. Wedge Capital Management L L P NC owned approximately 0.07% of Sensata Technologies at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ST. Barclays PLC boosted its position in shares of Sensata Technologies by 14.9% during the 3rd quarter. Barclays PLC now owns 77,759 shares of the scientific and technical instruments company's stock worth $2,788,000 after acquiring an additional 10,107 shares in the last quarter. Blue Trust Inc. lifted its stake in Sensata Technologies by 738.7% during the fourth 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 during the last quarter. Rhumbline Advisers boosted its holdings in Sensata Technologies by 1.4% in the fourth quarter. Rhumbline Advisers now owns 384,823 shares of the scientific and technical instruments company's stock valued at $10,544,000 after purchasing an additional 5,311 shares in the last quarter. State of New Jersey Common Pension Fund D increased its stake in Sensata Technologies by 24.1% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 67,759 shares of the scientific and technical instruments company's stock valued at $1,857,000 after purchasing an additional 13,178 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its holdings in Sensata Technologies by 54.2% during the fourth quarter. Sanctuary Advisors LLC now owns 14,577 shares of the scientific and technical instruments company's stock worth $400,000 after purchasing an additional 5,121 shares in the last quarter. Hedge funds and other institutional investors own 99.42% of the company's stock.

Sensata Technologies Price Performance

ST stock traded up $0.54 on Tuesday, reaching $28.31. The company had a trading volume of 2,106,194 shares, compared to its average volume of 1,690,023. The company's fifty day moving average is $23.06 and its 200 day moving average is $26.47. The company has a market cap of $4.14 billion, a P/E ratio of 33.70, a PEG ratio of 1.25 and a beta of 1.10. 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 Holding plc has a 1 year low of $17.32 and a 1 year high of $42.33.

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, beating 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 business had revenue of $911.26 million for the quarter, compared to analyst estimates of $878.39 million. During the same quarter last year, the company earned $0.89 earnings per share. The business's revenue for the quarter was down 9.5% compared to the same quarter last year. On average, research analysts forecast 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 paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Wednesday, May 14th. Sensata Technologies's payout ratio is 59.26%.

Insider Buying and Selling

In other Sensata Technologies news, Director Andrew C. Teich purchased 9,925 shares of the firm's stock in a transaction on Friday, May 23rd. The shares were purchased at an average cost of $25.19 per share, with a total value of $250,010.75. Following the purchase, the director now owns 41,117 shares in the company, valued at approximately $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 SEC, which is available at this link. 0.89% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Sensata Technologies from $23.00 to $26.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Oppenheimer cut their price objective on shares of Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Robert W. Baird reduced their price target on Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. The Goldman Sachs Group upped their price objective on Sensata Technologies from $27.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Finally, Evercore ISI downgraded Sensata Technologies from an "outperform" rating to an "inline" rating and reduced their target price for the company from $40.00 to $27.00 in a report on Thursday, April 3rd. 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 company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price 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.