Inlet Private Wealth LLC Cuts Stock Holdings in Sensata Technologies Holding plc (NYSE:ST)

Inlet Private Wealth LLC trimmed its position in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) by 60.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,750 shares of the scientific and technical instruments company's stock after selling 38,700 shares during the quarter. Inlet Private Wealth LLC's holdings in Sensata Technologies were worth $967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of ST. Cary Street Partners Investment Advisory LLC boosted its holdings in Sensata Technologies by 1,389.8% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 730 shares of the scientific and technical instruments company's stock worth $28,000 after acquiring an additional 681 shares during the last quarter. Covestor Ltd boosted its holdings in Sensata Technologies by 71.6% during the 3rd quarter. Covestor Ltd now owns 1,249 shares of the scientific and technical instruments company's stock worth $47,000 after acquiring an additional 521 shares during the last quarter. Compass Wealth Management LLC purchased a new position in Sensata Technologies during the 4th quarter worth $61,000. Meeder Asset Management Inc. boosted its holdings in Sensata Technologies by 51.8% during the 4th quarter. Meeder Asset Management Inc. now owns 1,561 shares of the scientific and technical instruments company's stock worth $63,000 after acquiring an additional 533 shares during the last quarter. Finally, SRS Capital Advisors Inc. boosted its holdings in Sensata Technologies by 26.7% during the 2nd quarter. SRS Capital Advisors Inc. now owns 2,232 shares of the scientific and technical instruments company's stock worth $100,000 after acquiring an additional 470 shares during the last quarter. 99.42% of the stock is owned by hedge funds and other institutional investors.

Sensata Technologies Price Performance

ST traded up $0.45 during midday trading on Monday, hitting $35.89. The stock had a trading volume of 760,190 shares, compared to its average volume of 2,139,672. The company has a market cap of $5.40 billion, a P/E ratio of -717.06, a price-to-earnings-growth ratio of 0.86 and a beta of 1.37. The business has a fifty day moving average of $35.05 and a 200 day moving average of $34.96. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.69 and a current ratio of 2.55. Sensata Technologies Holding plc has a 1 year low of $30.56 and a 1 year high of $48.17.

Sensata Technologies (NYSE:ST - Get Free Report) last issued its earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.05). The firm had revenue of $992.50 million during the quarter, compared to analysts' expectations of $978.05 million. Sensata Technologies had a positive return on equity of 17.47% and a negative net margin of 0.10%. The firm's quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.96 EPS. As a group, equities analysts forecast that Sensata Technologies Holding plc will post 3.74 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were given a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.48 annualized dividend and a yield of 1.34%. Sensata Technologies's payout ratio is currently -959.81%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ST shares. Bank of America cut Sensata Technologies from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $46.00 to $38.00 in a research note on Wednesday, February 7th. Oppenheimer upgraded Sensata Technologies from a "market perform" rating to an "outperform" rating and set a $50.00 target price on the stock in a research note on Tuesday, January 30th. JPMorgan Chase & Co. cut Sensata Technologies from a "neutral" rating to an "underweight" rating and lowered their price objective for the company from $37.00 to $34.00 in a research note on Monday, January 8th. Truist Financial lowered their price objective on Sensata Technologies from $39.00 to $36.00 and set a "hold" rating on the stock in a research note on Wednesday, February 7th. Finally, Stifel Nicolaus lowered their price objective on Sensata Technologies from $40.00 to $36.00 and set a "hold" rating on the stock in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $39.67.

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.

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