Invenomic Capital Management LP Buys 186,511 Shares of Sensata Technologies Holding plc (NYSE:ST)

Invenomic Capital Management LP boosted its holdings in Sensata Technologies Holding plc (NYSE:ST - Free Report) by 21.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,044,180 shares of the scientific and technical instruments company's stock after buying an additional 186,511 shares during the period. Sensata Technologies makes up 1.4% of Invenomic Capital Management LP's investment portfolio, making the stock its 13th biggest holding. Invenomic Capital Management LP owned approximately 0.70% of Sensata Technologies worth $28,611,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. raised its holdings in shares of 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 buying an additional 820 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Sensata Technologies during the fourth quarter valued at about $27,000. Venturi Wealth Management LLC increased its holdings in shares of Sensata Technologies by 67.6% in the fourth quarter. Venturi Wealth Management LLC now owns 2,026 shares of the scientific and technical instruments company's stock worth $56,000 after buying an additional 817 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Sensata Technologies by 48.2% in 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 acquiring an additional 820 shares during the last quarter. Finally, Headlands Technologies LLC boosted 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 acquiring an additional 2,325 shares during the period. Institutional investors own 99.42% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ST. The Goldman Sachs Group boosted their price objective on Sensata Technologies from $27.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. dropped their price target on shares of Sensata Technologies from $27.00 to $21.00 and set an "underweight" rating for the company in a research report on Thursday, April 17th. 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 report on Thursday, February 13th. Robert W. Baird dropped their target price on shares of Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Finally, Wells Fargo & Company began coverage on Sensata Technologies in a research note on Friday, April 25th. They issued an "equal weight" rating and a $20.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $33.58.

Sensata Technologies Stock Performance

ST stock traded down $0.50 on Wednesday, hitting $27.73. The company had a trading volume of 1,445,097 shares, compared to its average volume of 1,706,886. 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 Holding plc has a 12-month low of $17.32 and a 12-month high of $43.14. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of 33.01, a P/E/G ratio of 1.25 and a beta of 1.02. The stock's 50-day simple moving average is $23.19 and its 200 day simple moving average is $27.37.

Sensata Technologies (NYSE:ST - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The scientific and technical instruments company reported $0.78 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $878.39 million. During the same quarter 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. As a group, equities research analysts expect that Sensata Technologies Holding plc will post 3.21 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, May 14th. This represents a $0.48 dividend on an annualized basis and a yield of 1.73%. Sensata Technologies's dividend payout ratio is currently 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.