Victory Capital Management Inc. Has $61.14 Million Stake in Sensata Technologies Holding plc (NYSE:ST)

Victory Capital Management Inc. increased its stake in Sensata Technologies Holding plc (NYSE:ST) by 5.9% in the 4th quarter, Holdings Channel reports. The firm owned 2,231,369 shares of the scientific and technical instruments company’s stock after purchasing an additional 124,535 shares during the period. Victory Capital Management Inc.’s holdings in Sensata Technologies were worth $61,140,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ST. Wealth Enhancement Advisory Services LLC lifted its holdings in Sensata Technologies by 20.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,172 shares of the scientific and technical instruments company’s stock worth $544,000 after purchasing an additional 2,621 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in Sensata Technologies by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 17,535 shares of the scientific and technical instruments company’s stock worth $628,000 after purchasing an additional 1,190 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Sensata Technologies by 1.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 46,114 shares of the scientific and technical instruments company’s stock worth $1,654,000 after purchasing an additional 602 shares during the last quarter. Easterly Investment Partners LLC lifted its holdings in Sensata Technologies by 5.0% in the 3rd quarter. Easterly Investment Partners LLC now owns 239,878 shares of the scientific and technical instruments company’s stock worth $8,602,000 after purchasing an additional 11,438 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in Sensata Technologies by 19.0% in the 3rd quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company’s stock worth $93,000 after purchasing an additional 416 shares during the last quarter. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ST shares. Evercore ISI reduced their target price on Sensata Technologies from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, January 17th. The Goldman Sachs Group dropped their price target on Sensata Technologies from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. UBS Group dropped their price target on Sensata Technologies from $38.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Finally, Oppenheimer dropped their price target on Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $39.08.

Sensata Technologies Stock Performance

ST opened at $28.70 on Friday. The stock has a market cap of $4.29 billion, a PE ratio of 34.17, a P/E/G ratio of 1.25 and a beta of 1.20. The company has a current ratio of 2.85, a quick ratio of 1.99 and a debt-to-equity ratio of 1.11. Sensata Technologies Holding plc has a 1 year low of $24.91 and a 1 year high of $43.14. The stock’s 50 day simple moving average is $27.95 and its 200-day simple moving average is $31.75.

Sensata Technologies (NYSE:ST) last released its quarterly earnings data on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.76. Sensata Technologies had a return on equity of 17.54% and a net margin of 3.27%. Sell-side analysts forecast that Sensata Technologies Holding plc will post 3.21 EPS for the current year.

Sensata Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Wednesday, February 12th. Sensata Technologies’s dividend payout ratio (DPR) is 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.