Mackenzie Financial Corp Acquires 265,064 Shares of Sensata Technologies Holding plc (NYSE:ST)

Mackenzie Financial Corp boosted its stake in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) by 21.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,478,641 shares of the scientific and technical instruments company's stock after purchasing an additional 265,064 shares during the period. Mackenzie Financial Corp owned about 0.98% of Sensata Technologies worth $55,553,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ST. Cary Street Partners Investment Advisory LLC grew its position in Sensata Technologies by 1,389.8% in the third 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 in the last quarter. Covestor Ltd grew its position in Sensata Technologies by 71.6% in the third 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 in the last quarter. Compass Wealth Management LLC bought a new stake in Sensata Technologies in the fourth quarter worth approximately $61,000. Meeder Asset Management Inc. boosted its holdings in shares of 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 buying an additional 533 shares during the period. Finally, SRS Capital Advisors Inc. boosted its holdings in shares of 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 buying an additional 470 shares during the period. 99.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ST has been the topic of several analyst reports. Stifel Nicolaus lowered their target price on shares of Sensata Technologies from $40.00 to $36.00 and set a "hold" rating on the stock in a report on Wednesday, February 7th. Truist Financial lowered their target price on shares of Sensata Technologies from $39.00 to $36.00 and set a "hold" rating on the stock in a report on Wednesday, February 7th. The Goldman Sachs Group reissued a "neutral" rating and set a $36.00 price objective (down previously from $44.00) on shares of Sensata Technologies in a report on Tuesday, April 9th. Jefferies Financial Group assumed coverage on shares of Sensata Technologies in a report on Tuesday, April 9th. They set a "hold" rating and a $40.00 price objective on the stock. Finally, Oppenheimer raised shares of 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $39.25.

Sensata Technologies Stock Down 0.6 %

Shares of NYSE ST traded down $0.19 during midday trading on Wednesday, reaching $33.48. The company's stock had a trading volume of 1,370,635 shares, compared to its average volume of 2,059,487. The company has a current ratio of 2.55, a quick ratio of 1.69 and a debt-to-equity ratio of 1.13. Sensata Technologies Holding plc has a fifty-two week low of $30.56 and a fifty-two week high of $48.17. The stock has a market capitalization of $5.04 billion, a price-to-earnings ratio of -673.27, a PEG ratio of 0.82 and a beta of 1.37. The stock has a 50 day simple moving average of $34.91 and a 200-day simple moving average of $34.86.

Sensata Technologies (NYSE:ST - Get Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The scientific and technical instruments company reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.86 by ($0.05). Sensata Technologies had a negative net margin of 0.10% and a positive return on equity of 17.47%. The business had revenue of $992.50 million during the quarter, compared to analyst estimates of $978.05 million. During the same quarter last year, the business earned $0.96 earnings per share. Sensata Technologies's revenue for the quarter was down 2.2% on a year-over-year basis. Equities research analysts predict that Sensata Technologies Holding plc will post 3.74 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were issued a $0.12 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.43%. Sensata Technologies's dividend payout ratio (DPR) is currently -959.81%.

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.