Sensata Technologies Holding plc (NYSE:ST) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP decreased its stake in Sensata Technologies Holding plc (NYSE:ST) by 4.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,558 shares of the scientific and technical instruments company’s stock after selling 3,912 shares during the period. Quantbot Technologies LP owned 0.06% of Sensata Technologies worth $3,349,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ST. Principal Securities Inc. acquired a new position in shares of Sensata Technologies in the 4th quarter valued at $29,000. GAMMA Investing LLC boosted its holdings in shares of Sensata Technologies by 399.0% in the 2nd quarter. GAMMA Investing LLC now owns 968 shares of the scientific and technical instruments company’s stock valued at $36,000 after buying an additional 774 shares in the last quarter. Versant Capital Management Inc acquired a new position in shares of Sensata Technologies in the 2nd quarter valued at $37,000. SageView Advisory Group LLC acquired a new position in shares of Sensata Technologies in the 1st quarter valued at $85,000. Finally, First Horizon Advisors Inc. boosted its holdings in shares of 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 Stock Up 1.1 %

Shares of Sensata Technologies stock opened at $35.04 on Tuesday. The company has a market cap of $5.27 billion, a P/E ratio of -318.55, a PEG ratio of 1.23 and a beta of 1.26. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.31 and a current ratio of 1.77. Sensata Technologies Holding plc has a one year low of $30.56 and a one year high of $43.14. The firm has a fifty day moving average of $37.44 and a two-hundred day moving average of $37.70.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings data on Monday, July 29th. The scientific and technical instruments company reported $0.93 EPS for the quarter, hitting analysts’ consensus estimates of $0.93. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.04 billion. Sensata Technologies had a net margin of 0.21% and a return on equity of 17.57%. Sensata Technologies’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.97 EPS. On average, analysts forecast that Sensata Technologies Holding plc will post 3.57 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were issued a $0.12 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.37%. Sensata Technologies’s dividend payout ratio is presently -436.36%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ST. Oppenheimer lowered their target price on shares of Sensata Technologies from $50.00 to $47.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Wolfe Research initiated coverage on shares of Sensata Technologies in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. Vertical Research initiated coverage on shares of Sensata Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $55.00 price target for the company. Truist Financial reduced their price target on shares of Sensata Technologies from $46.00 to $38.00 and set a “hold” rating for the company in a research report on Tuesday, July 30th. Finally, Bank of America reduced their price target on shares of Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating for the company in a research report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $44.10.

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.