Clearbridge Investments LLC Has $46.75 Million Stock Holdings in Sensata Technologies Holding plc (NYSE:ST)

Clearbridge Investments LLC raised its holdings in Sensata Technologies Holding plc (NYSE:ST - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,244,391 shares of the scientific and technical instruments company's stock after acquiring an additional 21,317 shares during the period. Clearbridge Investments LLC owned approximately 0.82% of Sensata Technologies worth $46,752,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ST. UBS Group AG increased its position in shares of Sensata Technologies by 1,238.3% during the 4th quarter. UBS Group AG now owns 354,560 shares of the scientific and technical instruments company's stock worth $13,321,000 after purchasing an additional 328,067 shares during the last quarter. ING Groep NV acquired a new stake in Sensata Technologies in the 4th quarter valued at approximately $4,471,000. Janney Montgomery Scott LLC raised its position in Sensata Technologies by 3.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 18,665 shares of the scientific and technical instruments company's stock valued at $701,000 after purchasing an additional 539 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new position in Sensata Technologies during the fourth quarter worth $636,000. Finally, Boston Partners boosted its position in shares of Sensata Technologies by 63.9% during the fourth quarter. Boston Partners now owns 1,220,303 shares of the scientific and technical instruments company's stock worth $45,621,000 after buying an additional 475,973 shares during the period. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Ali John Mirshekari bought 73,137 shares of Sensata Technologies stock in a transaction 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 acquisition, the director now owns 73,137 shares in the company, valued at $2,864,776.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is currently owned by company insiders.

Sensata Technologies Stock Performance

Shares of NYSE:ST traded down $0.12 during trading on Thursday, reaching $41.88. The company had a trading volume of 1,187,871 shares, compared to its average volume of 2,206,104. The firm has a market capitalization of $6.30 billion, a price-to-earnings ratio of -380.69, a price-to-earnings-growth ratio of 1.24 and a beta of 1.32. Sensata Technologies Holding plc has a fifty-two week low of $30.56 and a fifty-two week high of $47.41. The stock's fifty day moving average price is $37.60 and its 200 day moving average price is $35.53. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.64 and a quick ratio of 1.74.

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

Sensata Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Tuesday, May 7th. Sensata Technologies's dividend payout ratio (DPR) is presently -436.32%.

Wall Street Analyst Weigh In

Several research firms recently commented on ST. Stifel Nicolaus boosted their target price on Sensata Technologies from $36.00 to $43.00 and gave the stock a "hold" rating in a research note on Tuesday, April 30th. Evercore ISI upgraded shares of Sensata Technologies from an "in-line" rating to an "outperform" rating and lifted their price target for the stock from $44.00 to $60.00 in a research note on Monday, May 6th. Bank of America downgraded shares of Sensata Technologies from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $46.00 to $38.00 in a research report on Wednesday, February 7th. Oppenheimer upgraded shares of Sensata Technologies from a "market perform" rating to an "outperform" rating and set a $50.00 price objective on the stock in a report on Tuesday, January 30th. Finally, Jefferies Financial Group initiated coverage on 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 given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $43.78.

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.