Graham Capital Management L.P. Makes New Investment in Sensata Technologies Holding plc (NYSE:ST)

Graham Capital Management L.P. acquired a new position in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 13,588 shares of the scientific and technical instruments company's stock, valued at approximately $372,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. raised 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 acquiring an additional 820 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Sensata Technologies in the 4th quarter worth about $27,000. Venturi Wealth Management LLC increased its position in shares of 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 worth $56,000 after purchasing an additional 817 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Sensata Technologies by 48.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,523 shares of the scientific and technical instruments company's stock valued at $69,000 after purchasing an additional 820 shares during the last quarter. Finally, Headlands Technologies LLC lifted its holdings in Sensata Technologies by 524.8% during the 4th quarter. Headlands Technologies LLC now owns 2,768 shares of the scientific and technical instruments company's stock valued at $76,000 after purchasing an additional 2,325 shares during the last quarter. 99.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ST shares. Oppenheimer decreased 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 lowered 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. Wells Fargo & Company raised their price target on Sensata Technologies from $23.00 to $26.00 and gave the company an "equal weight" rating in a report on Monday. Robert W. Baird reduced their price objective 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, JPMorgan Chase & Co. decreased their target price on Sensata Technologies from $27.00 to $21.00 and set an "underweight" rating on the stock in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $34.08.

Sensata Technologies Stock Performance

Shares of ST stock traded up $0.14 during midday trading on Thursday, hitting $25.71. 182,547 shares of the company were exchanged, compared to its average volume of 1,699,168. The firm's 50 day moving average price is $23.14 and its two-hundred day moving average price is $27.09. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.99 and a current ratio of 2.85. The firm has a market capitalization of $3.76 billion, a P/E ratio of 30.55, a PEG ratio of 1.25 and a beta of 1.02. Sensata Technologies Holding plc has a 52 week low of $17.32 and a 52 week high of $42.60.

Sensata Technologies (NYSE:ST - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The scientific and technical instruments company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.06. The business had revenue of $911.26 million during the quarter, compared to analysts' expectations of $878.39 million. Sensata Technologies had a return on equity of 17.54% and a net margin of 3.27%. The firm's revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.89 earnings per share. As a group, equities research analysts anticipate that Sensata Technologies Holding plc will post 3.21 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Wednesday, May 14th. Sensata Technologies's dividend payout ratio (DPR) is presently 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.