Ontario Teachers Pension Plan Board Increases Stock Holdings in Sensata Technologies Holding plc (NYSE:ST)

Ontario Teachers Pension Plan Board raised its holdings in Sensata Technologies Holding plc (NYSE:ST - Free Report) by 134.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 84,885 shares of the scientific and technical instruments company's stock after acquiring an additional 48,711 shares during the quarter. Ontario Teachers Pension Plan Board owned 0.06% of Sensata Technologies worth $2,326,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in ST. Boston Partners lifted its stake in shares of Sensata Technologies by 11.6% in the fourth quarter. Boston Partners now owns 6,526,941 shares of the scientific and technical instruments company's stock valued at $179,087,000 after purchasing an additional 677,316 shares during the period. Geode Capital Management LLC lifted its position in shares of Sensata Technologies by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,520,062 shares of the scientific and technical instruments company's stock valued at $90,393,000 after acquiring an additional 24,707 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Sensata Technologies by 5.9% during the 4th quarter. Victory Capital Management Inc. now owns 2,231,369 shares of the scientific and technical instruments company's stock worth $61,140,000 after acquiring an additional 124,535 shares in the last quarter. Norges Bank acquired a new stake in shares of Sensata Technologies in the 4th quarter worth approximately $48,580,000. Finally, American Century Companies Inc. increased its stake in Sensata Technologies by 19.0% in the 4th quarter. American Century Companies Inc. now owns 1,189,095 shares of the scientific and technical instruments company's stock valued at $32,581,000 after purchasing an additional 189,560 shares in the last quarter. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on ST shares. JPMorgan Chase & Co. lowered their target price on Sensata Technologies from $27.00 to $21.00 and set an "underweight" rating on the stock in a report on Thursday. The Goldman Sachs Group upgraded shares of Sensata Technologies from a "neutral" rating to a "buy" rating and dropped their target price for the company from $31.00 to $27.00 in a report on Thursday, April 10th. UBS Group reduced their price target on shares of Sensata Technologies from $37.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. 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 research report on Tuesday, April 15th. Finally, Oppenheimer lowered their target price on Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Sensata Technologies has a consensus rating of "Hold" and an average target price of $34.55.

Sensata Technologies Trading Up 1.2 %

NYSE ST traded up $0.22 during trading hours on Friday, hitting $19.39. 1,564,889 shares of the company's stock were exchanged, compared to its average volume of 1,803,511. 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 firm has a market capitalization of $2.90 billion, a P/E ratio of 23.08, a price-to-earnings-growth ratio of 1.25 and a beta of 1.12. The business's 50 day moving average is $25.44 and its 200-day moving average is $28.92. Sensata Technologies Holding plc has a 12-month low of $17.32 and a 12-month high of $43.14.

Sensata Technologies (NYSE:ST - Get Free Report) last released its earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.76. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. As a group, analysts anticipate that Sensata Technologies Holding plc will post 3.21 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Wednesday, February 12th. Sensata Technologies's payout ratio is currently 57.14%.

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.