Renaissance Technologies LLC grew its holdings in Sensata Technologies Holding plc (NYSE:ST - Free Report) by 54.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 753,600 shares of the scientific and technical instruments company's stock after acquiring an additional 264,400 shares during the quarter. Renaissance Technologies LLC owned 0.50% of Sensata Technologies worth $20,649,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Invesco Ltd. grew its position in shares of Sensata Technologies by 19.4% during the 4th quarter. Invesco Ltd. now owns 326,180 shares of the scientific and technical instruments company's stock worth $8,937,000 after purchasing an additional 53,034 shares in the last quarter. Bank of Montreal Can increased its stake in Sensata Technologies by 16.1% during the 4th quarter. Bank of Montreal Can now owns 157,534 shares of the scientific and technical instruments company's stock worth $4,316,000 after acquiring an additional 21,842 shares during the period. Federated Hermes Inc. lifted its position in shares of Sensata Technologies by 21.6% during the 4th quarter. Federated Hermes Inc. now owns 19,733 shares of the scientific and technical instruments company's stock valued at $541,000 after acquiring an additional 3,506 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Sensata Technologies during the fourth quarter worth about $292,000. Finally, Cullen Capital Management LLC raised its position in shares of Sensata Technologies by 1.9% in the 4th quarter. Cullen Capital Management LLC now owns 31,111 shares of the scientific and technical instruments company's stock valued at $852,000 after buying an additional 590 shares in the last quarter. 99.42% of the stock is currently owned by institutional investors and hedge funds.
Sensata Technologies Trading Up 1.2 %
ST traded up $0.22 during trading on Friday, hitting $19.39. The company's stock had a trading volume of 1,564,889 shares, compared to its average volume of 1,799,796. The firm has a market capitalization of $2.90 billion, a P/E ratio of 23.08, a PEG ratio of 1.25 and a beta of 1.12. Sensata Technologies Holding plc has a twelve month low of $17.32 and a twelve month high of $43.14. The company has a quick ratio of 1.99, a current ratio of 2.85 and a debt-to-equity ratio of 1.11. The stock's fifty day moving average price is $25.57 and its 200-day moving average price is $29.07.
Sensata Technologies (NYSE:ST - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 EPS for the quarter, hitting analysts' consensus estimates of $0.76. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. Analysts anticipate that Sensata Technologies Holding plc will post 3.21 EPS for the current year.
Sensata Technologies Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.48%. The ex-dividend date was Wednesday, February 12th. Sensata Technologies's payout ratio is presently 57.14%.
Wall Street Analyst Weigh In
Several brokerages have commented on ST. The Goldman Sachs Group upgraded shares of Sensata Technologies from a "neutral" rating to a "buy" rating and lowered their price objective for the company from $31.00 to $27.00 in a research report on Thursday, April 10th. Robert W. Baird lowered their price target on shares of Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday. JPMorgan Chase & Co. lowered their target price on Sensata Technologies from $27.00 to $21.00 and set an "underweight" rating for the company in a report on Thursday. Evercore ISI downgraded Sensata Technologies from an "outperform" rating to an "inline" rating and lowered their price objective for the company from $40.00 to $27.00 in a research note on Thursday, April 3rd. Finally, UBS Group cut their target price on shares of Sensata Technologies from $37.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, Sensata Technologies presently has an average rating of "Hold" and an average target price of $34.55.
Check Out Our Latest Stock Report on Sensata Technologies
About Sensata Technologies
(
Free Report)
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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