Truist Financial Corp Sells 48,098 Shares of Sensata Technologies Holding plc (NYSE:ST)

Truist Financial Corp reduced its stake in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) by 11.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 369,258 shares of the scientific and technical instruments company's stock after selling 48,098 shares during the period. Truist Financial Corp owned 0.24% of Sensata Technologies worth $13,873,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ST. Cary Street Partners Investment Advisory LLC grew its holdings in shares of 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 valued at $28,000 after acquiring an additional 681 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in Sensata Technologies by 761.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 887 shares of the scientific and technical instruments company's stock worth $33,000 after purchasing an additional 784 shares in the last quarter. Covestor Ltd boosted its holdings 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 purchasing an additional 521 shares in the last quarter. AlphaMark Advisors LLC bought a new stake in Sensata Technologies in the third quarter worth $168,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in Sensata Technologies by 2,375.3% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 4,703 shares of the scientific and technical instruments company's stock worth $177,000 after purchasing an additional 4,513 shares in the last quarter. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Sensata Technologies Trading Up 1.1 %

Sensata Technologies stock traded up $0.42 during midday trading on Thursday, hitting $39.41. 3,215,151 shares of the stock were exchanged, compared to its average volume of 2,182,835. The company has a fifty day simple moving average of $35.39 and a two-hundred day simple moving average of $34.73. Sensata Technologies Holding plc has a 52 week low of $30.56 and a 52 week high of $47.41. The stock has a market capitalization of $5.94 billion, a PE ratio of -358.24, a P/E/G ratio of 0.93 and a beta of 1.32. The company has a quick ratio of 1.69, a current ratio of 2.64 and a debt-to-equity ratio of 1.14.

Sensata Technologies (NYSE:ST - Get Free Report) last released its quarterly earnings data on Monday, April 29th. The scientific and technical instruments company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.03. Sensata Technologies had a negative net margin of 0.35% and a positive return on equity of 17.58%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $986.51 million. During the same quarter last year, the firm earned $0.92 EPS. Sensata Technologies's quarterly revenue was up .9% compared to the same quarter last year. Equities research analysts anticipate that Sensata Technologies Holding plc will post 3.72 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Tuesday, May 7th. Sensata Technologies's payout ratio is currently -436.32%.

Analyst Ratings Changes

A number of research firms have issued reports on ST. Jefferies Financial Group began coverage on shares of Sensata Technologies in a report on Tuesday, April 9th. They set a "hold" rating and a $40.00 price target for the company. Truist Financial boosted their price objective on Sensata Technologies from $36.00 to $46.00 and gave the company a "hold" rating in a research report on Tuesday. Bank of America lowered shares of Sensata Technologies from a "buy" rating to a "neutral" rating and lowered their price target for the company from $46.00 to $38.00 in a report on Wednesday, February 7th. 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. Finally, JPMorgan Chase & Co. cut Sensata Technologies from a "neutral" rating to an "underweight" rating and dropped their target price for the stock from $37.00 to $34.00 in a report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $42.00.

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.