Victory Capital Management Inc. Buys 19,214 Shares of Sensata Technologies Holding plc (NYSE:ST)

Victory Capital Management Inc. lifted its holdings in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,109,176 shares of the scientific and technical instruments company's stock after purchasing an additional 19,214 shares during the period. Victory Capital Management Inc. owned 0.73% of Sensata Technologies worth $41,672,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. AQR Capital Management LLC boosted its holdings in Sensata Technologies by 172.5% in the 3rd quarter. AQR Capital Management LLC now owns 1,928,193 shares of the scientific and technical instruments company's stock worth $72,924,000 after buying an additional 1,220,599 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Sensata Technologies by 94.9% in the third quarter. Bank of New York Mellon Corp now owns 1,438,760 shares of the scientific and technical instruments company's stock worth $54,414,000 after purchasing an additional 700,717 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Sensata Technologies by 4,903.4% during the third quarter. Principal Financial Group Inc. now owns 562,136 shares of the scientific and technical instruments company's stock valued at $21,260,000 after buying an additional 550,901 shares during the last quarter. Poplar Forest Capital LLC bought a new stake in Sensata Technologies in the 3rd quarter worth approximately $18,235,000. Finally, Northern Trust Corp raised its holdings in Sensata Technologies by 27.2% during the 3rd quarter. Northern Trust Corp now owns 1,714,178 shares of the scientific and technical instruments company's stock valued at $64,830,000 after buying an additional 366,958 shares during the period. Institutional investors and hedge funds own 99.42% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Robert W. Baird raised their price objective on Sensata Technologies from $37.00 to $47.00 and gave the company a "neutral" rating in a research report on Tuesday, April 30th. Jefferies Financial Group initiated coverage on shares of Sensata Technologies in a report on Tuesday, April 9th. They set a "hold" rating and a $40.00 target price for the company. Oppenheimer upgraded shares of Sensata Technologies from a "market perform" rating to an "outperform" rating and set a $50.00 price objective for the company in a research report on Tuesday, January 30th. Truist Financial upped their price target on Sensata Technologies from $36.00 to $46.00 and gave the company a "hold" rating in a research report on Tuesday, April 30th. Finally, JPMorgan Chase & Co. downgraded shares of Sensata Technologies from a "neutral" rating to an "underweight" rating and reduced their price target for the company from $37.00 to $34.00 in a research note on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $43.78.

Sensata Technologies Trading Up 2.6 %

Sensata Technologies stock traded up $1.03 during mid-day trading on Monday, hitting $41.10. 3,924,531 shares of the company's stock were exchanged, compared to its average volume of 2,218,468. The firm has a market capitalization of $6.19 billion, a P/E ratio of -373.60, a PEG ratio of 0.97 and a beta of 1.32. The company's 50 day simple moving average is $35.62 and its 200-day simple moving average is $34.75. Sensata Technologies Holding plc has a fifty-two week low of $30.56 and a fifty-two week high of $47.41. The company has a quick ratio of 1.74, a current ratio of 2.64 and a debt-to-equity ratio of 1.14.

Sensata Technologies (NYSE:ST - Get Free Report) last posted its earnings results on Monday, April 29th. The scientific and technical instruments company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.86 by $0.03. Sensata Technologies had a positive return on equity of 17.58% and a negative net margin of 0.35%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $986.51 million. During the same period last year, the company earned $0.92 earnings per share. The business's quarterly revenue was up .9% on a year-over-year basis. On average, equities analysts anticipate that Sensata Technologies Holding plc will post 3.75 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be given a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.48 annualized dividend and a yield of 1.17%. Sensata Technologies's payout ratio is currently -436.32%.

Insiders Place Their Bets

In related news, Director Ali John Mirshekari bought 73,137 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were bought at an average cost of $39.17 per share, for a total transaction of $2,864,776.29. Following the completion of the transaction, the director now owns 73,137 shares of the company's stock, valued at $2,864,776.29. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.00% of the company's stock.

Sensata Technologies 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.