Shapiro Capital Management LLC Sells 552,519 Shares of Sensata Technologies Holding plc (NYSE:ST)

Shapiro Capital Management LLC trimmed its holdings in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) by 14.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,306,133 shares of the scientific and technical instruments company's stock after selling 552,519 shares during the period. Sensata Technologies comprises about 3.1% of Shapiro Capital Management LLC's portfolio, making the stock its 14th largest position. Shapiro Capital Management LLC owned approximately 2.21% of Sensata Technologies worth $90,588,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Janus Henderson Group PLC grew its holdings in Sensata Technologies by 0.5% during the 4th quarter. Janus Henderson Group PLC now owns 9,767,232 shares of the scientific and technical instruments company's stock worth $267,621,000 after acquiring an additional 44,233 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Sensata Technologies by 36.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,821,428 shares of the scientific and technical instruments company's stock valued at $214,308,000 after buying an additional 2,088,161 shares during the last quarter. Boston Partners lifted its position in shares of Sensata Technologies by 11.6% during 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 buying an additional 677,316 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Sensata Technologies by 12.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,808,186 shares of the scientific and technical instruments company's stock valued at $159,143,000 after buying an additional 648,028 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its position in shares of Sensata Technologies by 96.8% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,260,870 shares of the scientific and technical instruments company's stock valued at $144,148,000 after buying an additional 2,587,183 shares during the last quarter. 99.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. JPMorgan Chase & Co. decreased their price target 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, April 17th. UBS Group decreased their price target on shares of Sensata Technologies from $37.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. The Goldman Sachs Group increased their price target on shares of Sensata Technologies from $27.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Oppenheimer decreased their price objective on shares of Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Finally, Robert W. Baird decreased their price objective on shares of Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $33.58.

Sensata Technologies Price Performance

Shares of NYSE:ST opened at $27.35 on Friday. Sensata Technologies Holding plc has a twelve month low of $17.32 and a twelve month high of $43.12. The company's 50 day moving average is $23.17 and its 200 day moving average is $27.31. 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 company 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 (NYSE:ST - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The scientific and technical instruments company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.06. The company had revenue of $911.26 million for the quarter, compared to the consensus estimate of $878.39 million. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. Sensata Technologies's quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.89 EPS. On average, sell-side analysts forecast that Sensata Technologies Holding plc will post 3.21 EPS for the current year.

Sensata Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be paid 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 payout ratio is 59.26%.

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.

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