Jump Financial LLC Makes New Investment in Sensata Technologies Holding plc (NYSE:ST)

Jump Financial LLC purchased a new position in Sensata Technologies Holding plc (NYSE:ST - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 67,308 shares of the scientific and technical instruments company's stock, valued at approximately $2,529,000.

A number of other hedge funds have also made changes to their positions in the stock. Raymond James & Associates boosted its stake in Sensata Technologies by 5.1% during the 3rd quarter. Raymond James & Associates now owns 42,107 shares of the scientific and technical instruments company's stock valued at $1,592,000 after acquiring an additional 2,025 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Sensata Technologies by 19.9% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 16,362 shares of the scientific and technical instruments company's stock worth $619,000 after purchasing an additional 2,720 shares during the period. Bank of New York Mellon Corp grew its position in shares of Sensata Technologies by 94.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,438,760 shares of the scientific and technical instruments company's stock valued at $54,414,000 after buying an additional 700,717 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in shares of Sensata Technologies during the 3rd quarter worth approximately $851,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Sensata Technologies by 4.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,055 shares of the scientific and technical instruments company's stock valued at $2,007,000 after purchasing an additional 2,116 shares during the period. Institutional investors and hedge funds own 99.42% of the company's stock.

Sensata Technologies Stock Up 0.6 %

Shares of NYSE:ST traded up $0.27 during midday trading on Monday, hitting $42.61. 2,845,414 shares of the stock were exchanged, compared to its average volume of 2,250,572. The company has a market capitalization of $6.41 billion, a PE ratio of -386.09, a P/E/G ratio of 1.02 and a beta of 1.32. Sensata Technologies Holding plc has a 52-week low of $30.56 and a 52-week high of $47.41. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.74 and a current ratio of 2.64. The business's fifty day simple moving average is $36.27 and its two-hundred day simple moving average is $34.96.

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

Sensata Technologies Announces Dividend

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 given a $0.12 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.13%. Sensata Technologies's dividend payout ratio is currently -436.36%.

Insider Transactions at Sensata Technologies

In related news, Director Ali John Mirshekari bought 73,137 shares of Sensata Technologies stock in a transaction that occurred on Thursday, May 2nd. The stock was purchased at an average cost of $39.17 per share, for a total transaction of $2,864,776.29. Following the acquisition, the director now owns 73,137 shares in the company, valued at $2,864,776.29. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. The Goldman Sachs Group restated a "neutral" rating and set a $36.00 price target (down previously from $44.00) on shares of Sensata Technologies in a research report on Tuesday, April 9th. Oppenheimer upgraded shares of Sensata Technologies from a "market perform" rating to an "outperform" rating and set a $50.00 price target on the stock in a research report on Tuesday, January 30th. Bank of America cut shares of Sensata Technologies from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $46.00 to $38.00 in a research note on Wednesday, February 7th. Stifel Nicolaus raised their target price on shares of Sensata Technologies from $36.00 to $43.00 and gave the stock a "hold" rating in a report on Tuesday, April 30th. Finally, Truist Financial increased 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, April 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $43.78.

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.