Occudo Quantitative Strategies LP Buys Shares of 13,448 Sensata Technologies Holding plc (NYSE:ST)

Occudo Quantitative Strategies LP bought a new stake in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 13,448 shares of the scientific and technical instruments company's stock, valued at approximately $368,000.

Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in Sensata Technologies by 738.7% during the 4th quarter. Blue Trust Inc. now owns 931 shares of the scientific and technical instruments company's stock valued at $26,000 after buying an additional 820 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in Sensata Technologies during the 4th quarter valued at about $27,000. Venturi Wealth Management LLC grew its holdings in Sensata Technologies by 67.6% during the 4th quarter. Venturi Wealth Management LLC now owns 2,026 shares of the scientific and technical instruments company's stock valued at $56,000 after buying an additional 817 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in Sensata Technologies by 48.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,523 shares of the scientific and technical instruments company's stock valued at $69,000 after buying an additional 820 shares in the last quarter. Finally, Headlands Technologies LLC grew its holdings in Sensata Technologies by 524.8% during the 4th quarter. Headlands Technologies LLC now owns 2,768 shares of the scientific and technical instruments company's stock valued at $76,000 after buying an additional 2,325 shares in the last quarter. Hedge funds and other institutional investors own 99.42% of the company's stock.

Sensata Technologies Stock Performance

NYSE:ST opened at $27.35 on Friday. The firm has a market cap of $4.00 billion, a PE ratio of 32.56, a price-to-earnings-growth ratio of 1.25 and a beta of 1.02. Sensata Technologies Holding plc has a fifty-two week low of $17.32 and a fifty-two week high of $43.12. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.99 and a current ratio of 2.85. The business has a 50 day moving average price of $23.17 and a 200-day moving average price of $27.31.

Sensata Technologies (NYSE:ST - Get Free Report) last announced its earnings results on Thursday, May 8th. The scientific and technical instruments company reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.06. The company had revenue of $911.26 million during the quarter, compared to the consensus estimate of $878.39 million. Sensata Technologies had a return on equity of 17.54% and a net margin of 3.27%. The firm's revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.89 earnings per share. Equities research analysts predict that Sensata Technologies Holding plc will post 3.21 earnings per share for the current year.

Sensata Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.76%. Sensata Technologies's dividend payout ratio is presently 59.26%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Robert W. Baird cut their price objective on Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. JPMorgan Chase & Co. cut their price objective on Sensata Technologies from $27.00 to $21.00 and set an "underweight" rating for the company in a report on Thursday, April 17th. Evercore ISI lowered Sensata Technologies from an "outperform" rating to an "inline" rating and cut their target price for the stock from $40.00 to $27.00 in a research note on Thursday, April 3rd. Oppenheimer cut their target price on Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group upped their target price on Sensata Technologies from $27.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $33.58.

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.

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