Sensata Technologies Holding plc (NYSE:ST) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA reduced its stake in Sensata Technologies Holding plc (NYSE:ST - Free Report) by 1.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,013,332 shares of the scientific and technical instruments company's stock after selling 71,589 shares during the quarter. Massachusetts Financial Services Co. MA owned 3.31% of Sensata Technologies worth $188,351,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Jump Financial LLC purchased a new stake in Sensata Technologies in the 4th quarter worth about $2,529,000. Teachers Retirement System of The State of Kentucky purchased a new position in Sensata Technologies in the third quarter worth about $1,294,000. Olstein Capital Management L.P. raised its stake in shares of Sensata Technologies by 11.4% in the fourth quarter. Olstein Capital Management L.P. now owns 341,000 shares of the scientific and technical instruments company's stock worth $12,811,000 after buying an additional 35,000 shares during the period. Natixis Advisors L.P. raised its stake in Sensata Technologies by 39.0% during the 4th quarter. Natixis Advisors L.P. now owns 235,010 shares of the scientific and technical instruments company's stock valued at $8,829,000 after purchasing an additional 65,911 shares during the period. Finally, Arnhold LLC purchased a new position in shares of Sensata Technologies in the 4th quarter worth approximately $9,865,000. Institutional investors and hedge funds own 99.42% of the company's stock.

Wall Street Analysts Forecast Growth

ST has been the subject of several recent research reports. Bank of America cut Sensata Technologies from a "buy" rating to a "neutral" rating and reduced their price target for the company from $46.00 to $38.00 in a research report on Wednesday, February 7th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $36.00 target price (down previously from $44.00) on shares of Sensata Technologies in a report on Tuesday, April 9th. Truist Financial lifted their price target on shares of Sensata Technologies from $36.00 to $46.00 and gave the stock a "hold" rating in a report on Tuesday, April 30th. Evercore ISI raised shares of Sensata Technologies from an "in-line" rating to an "outperform" rating and raised their price target for the company from $44.00 to $60.00 in a report on Monday, May 6th. Finally, Jefferies Financial Group started 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $43.78.

Sensata Technologies Stock Performance

ST stock traded up $0.33 during midday trading on Wednesday, reaching $43.02. 1,380,273 shares of the company's stock traded hands, compared to its average volume of 2,248,366. The company has a 50-day moving average price of $36.59 and a two-hundred day moving average price of $35.07. The firm has a market capitalization of $6.47 billion, a PE ratio of -391.06, a price-to-earnings-growth ratio of 1.03 and a beta of 1.32. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.74 and a current ratio of 2.64. Sensata Technologies Holding plc has a 52 week low of $30.56 and a 52 week high of $47.41.

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, beating analysts' consensus estimates of $0.86 by $0.03. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $986.51 million. Sensata Technologies had a negative net margin of 0.35% and a positive return on equity of 17.58%. Sensata Technologies's revenue was up .9% compared to the same quarter last year. During the same period last year, the business earned $0.92 EPS. As a group, equities analysts anticipate that Sensata Technologies Holding plc will post 3.75 EPS for the current year.

Sensata Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Tuesday, May 7th. Sensata Technologies's dividend payout ratio (DPR) is -436.32%.

Insiders Place Their Bets

In other Sensata Technologies news, Director Ali John Mirshekari purchased 73,137 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was purchased at an average cost of $39.17 per share, with a total value of $2,864,776.29. Following the completion of the acquisition, the director now directly owns 73,137 shares of the company's stock, valued at approximately $2,864,776.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by corporate insiders.

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.