Envestnet Asset Management Inc. Sells 203,969 Shares of Sensata Technologies Holding plc (NYSE:ST)

Envestnet Asset Management Inc. decreased its position in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) by 25.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 587,813 shares of the scientific and technical instruments company's stock after selling 203,969 shares during the quarter. Envestnet Asset Management Inc. owned 0.39% of Sensata Technologies worth $16,106,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in shares of Sensata Technologies by 738.7% during the fourth quarter. Blue Trust Inc. now owns 931 shares of the scientific and technical instruments company's stock valued at $26,000 after purchasing an additional 820 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Sensata Technologies during the 4th quarter valued at $27,000. Venturi Wealth Management LLC grew its holdings in shares of Sensata Technologies by 67.6% in the fourth quarter. Venturi Wealth Management LLC now owns 2,026 shares of the scientific and technical instruments company's stock worth $56,000 after acquiring an additional 817 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Sensata Technologies by 48.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,523 shares of the scientific and technical instruments company's stock valued at $69,000 after acquiring an additional 820 shares during the period. Finally, Headlands Technologies LLC grew its stake in shares of 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 purchasing an additional 2,325 shares during the period. Institutional investors own 99.42% of the company's stock.

Sensata Technologies Price Performance

ST traded up $0.22 during trading on Friday, hitting $19.39. 1,564,889 shares of the company traded hands, compared to its average volume of 1,803,511. The company has a market cap of $2.90 billion, a PE ratio of 23.08, a P/E/G ratio of 1.25 and a beta of 1.12. Sensata Technologies Holding plc has a 1 year low of $17.32 and a 1 year high of $43.14. The company has a current ratio of 2.85, a quick ratio of 1.99 and a debt-to-equity ratio of 1.11. The stock's 50-day simple moving average is $25.44 and its two-hundred day simple moving average is $28.88.

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

Sensata Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Wednesday, February 12th. Sensata Technologies's dividend payout ratio is presently 57.14%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ST shares. Evercore ISI downgraded shares of Sensata Technologies from an "outperform" rating to an "inline" rating and dropped their price objective for the stock from $40.00 to $27.00 in a report on Thursday, April 3rd. JPMorgan Chase & Co. cut their price objective on shares of Sensata Technologies from $27.00 to $21.00 and set an "underweight" rating for the company in a research report on Thursday. The Goldman Sachs Group raised Sensata Technologies from a "neutral" rating to a "buy" rating and cut their price target for the company from $31.00 to $27.00 in a report on Thursday, April 10th. Robert W. Baird lowered their price objective on Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Finally, Oppenheimer reduced their target price on shares of Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Sensata Technologies presently has an average rating of "Hold" and a consensus target price of $34.55.

About Sensata Technologies

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.