Sherbrooke Park Advisers LLC acquired a new position in Sensata Technologies Holding plc (NYSE:ST - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 34,935 shares of the scientific and technical instruments company's stock, valued at approximately $957,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in ST. Quantinno Capital Management LP boosted its stake in Sensata Technologies by 107.4% in the fourth quarter. Quantinno Capital Management LP now owns 94,033 shares of the scientific and technical instruments company's stock valued at $2,577,000 after acquiring an additional 48,692 shares during the last quarter. Man Group plc boosted its position in shares of Sensata Technologies by 331.4% in the 4th quarter. Man Group plc now owns 237,282 shares of the scientific and technical instruments company's stock worth $6,502,000 after purchasing an additional 182,276 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Sensata Technologies during the fourth quarter worth $544,000. Numerai GP LLC bought a new stake in Sensata Technologies in the 4th quarter valued at $1,341,000. Finally, Occudo Quantitative Strategies LP acquired a new position in Sensata Technologies in the 4th quarter worth $368,000. 99.42% of the stock is currently owned by institutional investors and hedge funds.
Sensata Technologies Stock Down 4.2%
Shares of ST traded down $1.13 during trading hours on Wednesday, hitting $25.75. The stock had a trading volume of 619,845 shares, compared to its average volume of 1,861,830. The firm has a 50 day simple moving average of $23.17 and a 200-day simple moving average of $27.10. Sensata Technologies Holding plc has a 1-year low of $17.32 and a 1-year high of $42.60. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.85 and a quick ratio of 1.99. The firm has a market capitalization of $3.77 billion, a P/E ratio of 30.65, 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 earnings results on Thursday, May 8th. The scientific and technical instruments company reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.06. The company had revenue of $911.26 million for the quarter, compared to analysts' expectations of $878.39 million. Sensata Technologies had a return on equity of 17.54% and a net margin of 3.27%. Sensata Technologies's quarterly revenue was down 9.5% compared to the same quarter last year. During the same period last year, the business earned $0.89 EPS. Sell-side analysts predict that Sensata Technologies Holding plc will post 3.21 EPS for the current fiscal year.
Sensata Technologies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Wednesday, May 14th. Sensata Technologies's payout ratio is currently 59.26%.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. Robert W. Baird reduced 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 note on Tuesday, April 15th. UBS Group dropped their target price on Sensata Technologies from $37.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Wells Fargo & Company raised their price target on shares of Sensata Technologies from $23.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Monday. The Goldman Sachs Group increased their target price on shares of Sensata Technologies from $27.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Finally, JPMorgan Chase & Co. cut their price target on Sensata Technologies from $27.00 to $21.00 and set an "underweight" rating for the company in a research note on Thursday, April 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Sensata Technologies presently has an average rating of "Hold" and a consensus target price of $34.08.
Read Our Latest Analysis on ST
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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