Sensata Technologies Holding plc (NYSE:ST) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. lessened its holdings in Sensata Technologies Holding plc (NYSE:ST) by 49.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,124 shares of the scientific and technical instruments company’s stock after selling 14,061 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Sensata Technologies were worth $506,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ST. GAMMA Investing LLC lifted its holdings in shares of Sensata Technologies by 399.0% during the second quarter. GAMMA Investing LLC now owns 968 shares of the scientific and technical instruments company’s stock worth $36,000 after purchasing an additional 774 shares during the period. Versant Capital Management Inc purchased a new stake in shares of Sensata Technologies during the second quarter worth approximately $37,000. Quarry LP increased its position in shares of Sensata Technologies by 227.1% during the second quarter. Quarry LP now owns 1,063 shares of the scientific and technical instruments company’s stock worth $40,000 after purchasing an additional 738 shares in the last quarter. SageView Advisory Group LLC purchased a new stake in shares of Sensata Technologies during the first quarter worth approximately $85,000. Finally, First Horizon Advisors Inc. grew its holdings in Sensata Technologies by 57.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,529 shares of the scientific and technical instruments company’s stock valued at $95,000 after buying an additional 927 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

Sensata Technologies Trading Down 2.4 %

NYSE:ST opened at $31.83 on Friday. The firm has a market cap of $4.76 billion, a P/E ratio of -58.94, a PEG ratio of 0.95 and a beta of 1.25. The company has a current ratio of 2.60, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The stock’s 50 day simple moving average is $34.82 and its 200-day simple moving average is $37.54. Sensata Technologies Holding plc has a 12-month low of $31.18 and a 12-month high of $43.14.

Sensata Technologies (NYSE:ST) last released its earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.86. Sensata Technologies had a positive return on equity of 17.68% and a negative net margin of 1.98%. The business had revenue of $982.80 million for the quarter, compared to analyst estimates of $983.93 million. During the same quarter in the previous year, the company posted $0.91 earnings per share. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. Equities analysts anticipate that Sensata Technologies Holding plc will post 3.43 EPS for the current year.

Sensata Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.51%. Sensata Technologies’s dividend payout ratio (DPR) is presently -88.89%.

Analyst Ratings Changes

Several analysts have issued reports on the company. The Goldman Sachs Group dropped their target price on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating for the company in a report on Tuesday, October 1st. Bank of America decreased their target price on Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 30th. Vertical Research started coverage on Sensata Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $55.00 target price on the stock. Evercore ISI decreased their price objective on Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating for the company in a research note on Tuesday, October 15th. Finally, Truist Financial cut their target price on Sensata Technologies from $38.00 to $33.00 and set a “hold” rating on the stock in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Sensata Technologies currently has an average rating of “Hold” and a consensus price target of $41.00.

Sensata Technologies 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.