Arnhold LLC Makes New $9.87 Million Investment in Sensata Technologies Holding plc (NYSE:ST)

Arnhold LLC acquired a new position in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 262,576 shares of the scientific and technical instruments company's stock, valued at approximately $9,865,000. Arnhold LLC owned about 0.17% of Sensata Technologies as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors 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% during 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 buying an additional 681 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of Sensata Technologies by 761.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 887 shares of the scientific and technical instruments company's stock valued at $33,000 after purchasing an additional 784 shares during the period. Covestor Ltd raised its stake in shares of 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 valued at $47,000 after purchasing an additional 521 shares in the last quarter. CWM LLC lifted its position in Sensata Technologies by 253.8% in the third quarter. CWM LLC now owns 3,014 shares of the scientific and technical instruments company's stock worth $114,000 after purchasing an additional 2,162 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in Sensata Technologies during the fourth quarter worth $155,000. Institutional investors and hedge funds own 99.42% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. cut shares of Sensata Technologies from a "neutral" rating to an "underweight" rating and lowered their target price for the company from $37.00 to $34.00 in a research note on Monday, January 8th. Robert W. Baird raised their target price on Sensata Technologies from $37.00 to $47.00 and gave the stock a "neutral" rating in a research report on Tuesday. The Goldman Sachs Group reiterated a "neutral" rating and set a $36.00 price objective (down from $44.00) on shares of Sensata Technologies in a research note on Tuesday, April 9th. Jefferies Financial Group initiated coverage on shares of Sensata Technologies in a report on Tuesday, April 9th. They issued a "hold" rating and a $40.00 target price on the stock. Finally, Evercore ISI raised their price objective on shares of Sensata Technologies from $36.00 to $44.00 and gave the stock an "in-line" rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Sensata Technologies presently has a consensus rating of "Hold" and a consensus target price of $42.00.

Sensata Technologies Trading Up 7.0 %

Shares of ST stock traded up $2.52 on Tuesday, hitting $38.28. The stock had a trading volume of 14,624,330 shares, compared to its average volume of 2,132,944. The company has a fifty day moving average price of $35.19 and a two-hundred day moving average price of $34.66. The company has a current ratio of 2.55, a quick ratio of 1.69 and a debt-to-equity ratio of 1.13. The firm has a market cap of $5.76 billion, a P/E ratio of -765.45, a PEG ratio of 0.85 and a beta of 1.37. Sensata Technologies Holding plc has a twelve month low of $30.56 and a twelve month high of $47.41.

Sensata Technologies (NYSE:ST - Get Free Report) last announced its quarterly earnings results on Monday, April 29th. The scientific and technical instruments company reported $0.89 earnings per share for the quarter, beating analysts' consensus estimates of $0.86 by $0.03. Sensata Technologies had a negative net margin of 0.10% and a positive return on equity of 17.47%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $986.51 million. During the same quarter in the previous year, the firm posted $0.92 earnings per share. The business's revenue was up .9% on a year-over-year basis. As a group, analysts forecast that Sensata Technologies Holding plc will post 3.72 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Tuesday, May 7th. Sensata Technologies's dividend payout ratio is presently -959.81%.

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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