Voya Investment Management LLC Trims Stock Holdings in Sensata Technologies Holding plc (NYSE:ST)

Voya Investment Management LLC reduced its stake in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) by 73.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,148 shares of the scientific and technical instruments company's stock after selling 49,085 shares during the period. Voya Investment Management LLC's holdings in Sensata Technologies were worth $497,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its position in shares of Sensata Technologies by 36.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,821,428 shares of the scientific and technical instruments company's stock worth $214,308,000 after purchasing an additional 2,088,161 shares during the period. Boston Partners boosted its holdings in Sensata Technologies by 11.6% in the 4th quarter. Boston Partners now owns 6,526,941 shares of the scientific and technical instruments company's stock worth $179,087,000 after buying an additional 677,316 shares during the period. Dimensional Fund Advisors LP increased its stake in Sensata Technologies by 12.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,808,186 shares of the scientific and technical instruments company's stock worth $159,143,000 after buying an additional 648,028 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in 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 acquiring an additional 2,587,183 shares during the period. Finally, Victory Capital Management Inc. lifted its position in shares of Sensata Technologies by 5.9% in the fourth quarter. Victory Capital Management Inc. now owns 2,231,369 shares of the scientific and technical instruments company's stock valued at $61,140,000 after acquiring an additional 124,535 shares in the last quarter. 99.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ST. Wells Fargo & Company initiated coverage on Sensata Technologies in a research note on Friday, April 25th. They set an "equal weight" rating and a $20.00 target price on the stock. Evercore ISI downgraded shares of Sensata Technologies from an "outperform" rating to an "inline" rating and lowered their target price for the stock from $40.00 to $27.00 in a report on Thursday, April 3rd. JPMorgan Chase & Co. cut their target price on shares of Sensata Technologies from $27.00 to $21.00 and set an "underweight" rating for the company in a research note on Thursday, April 17th. Robert W. Baird dropped their price objective on shares of Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Finally, The Goldman Sachs Group boosted their target price on Sensata Technologies from $27.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Sensata Technologies has a consensus rating of "Hold" and an average target price of $33.58.

Sensata Technologies Trading Up 13.8 %

ST stock opened at $25.56 on Friday. Sensata Technologies Holding plc has a twelve month low of $17.32 and a twelve month high of $43.14. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 30.43, a price-to-earnings-growth ratio of 1.25 and a beta of 1.02. 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 firm's fifty day simple moving average is $23.19 and its two-hundred day simple moving average is $27.52.

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 EPS for the quarter, beating the consensus estimate of $0.72 by $0.06. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. The company had revenue of $911.26 million for the quarter, compared to the consensus estimate of $878.39 million. During the same period in the prior year, the firm posted $0.89 EPS. The firm's revenue was down 9.5% compared to the same quarter last year. As a group, analysts anticipate that Sensata Technologies Holding plc will post 3.21 earnings per share for the current year.

Sensata Technologies Announces Dividend

The firm 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 $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.88%. The ex-dividend date is Wednesday, May 14th. Sensata Technologies's dividend payout ratio (DPR) is presently 57.14%.

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.

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