Assetmark Inc. Boosts Stake in Sensata Technologies Holding plc (NYSE:ST)

Assetmark Inc. increased its position in shares of Sensata Technologies Holding plc (NYSE:ST) by 19.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,602 shares of the scientific and technical instruments company’s stock after purchasing an additional 416 shares during the period. Assetmark Inc.’s holdings in Sensata Technologies were worth $93,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ST. Millennium Management LLC increased its position in Sensata Technologies by 84.8% during the second quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company’s stock worth $189,158,000 after purchasing an additional 2,321,782 shares during the last quarter. Eminence Capital LP increased its position in shares of Sensata Technologies by 31.8% during the second quarter. Eminence Capital LP now owns 3,423,317 shares of the scientific and technical instruments company’s stock valued at $127,998,000 after acquiring an additional 826,353 shares during the last quarter. Capitolis Liquid Global Markets LLC acquired a new stake in shares of Sensata Technologies during the first quarter valued at about $28,969,000. Victory Capital Management Inc. increased its position in shares of Sensata Technologies by 64.5% during the second quarter. Victory Capital Management Inc. now owns 1,854,773 shares of the scientific and technical instruments company’s stock valued at $69,350,000 after acquiring an additional 727,521 shares during the last quarter. Finally, National Bank of Canada FI increased its position in shares of Sensata Technologies by 1,585.8% during the first quarter. National Bank of Canada FI now owns 704,520 shares of the scientific and technical instruments company’s stock valued at $25,884,000 after acquiring an additional 662,728 shares during the last quarter. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Sensata Technologies Stock Down 2.4 %

Shares of NYSE:ST opened at $31.83 on Monday. The firm has a 50 day simple moving average of $34.82 and a 200-day simple moving average of $37.54. The company has a market capitalization of $4.76 billion, a PE ratio of -58.94, a P/E/G ratio of 0.93 and a beta of 1.25. Sensata Technologies Holding plc has a twelve month low of $31.18 and a twelve month high of $43.14. The company has a current ratio of 2.60, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08.

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

Sensata Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders 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 annualized dividend and a yield of 1.51%. Sensata Technologies’s dividend payout ratio is currently -88.89%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ST shares. Oppenheimer dropped their price target on shares of Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. The Goldman Sachs Group lowered their price objective on shares of Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating for the company in a research note on Tuesday, October 1st. Wolfe Research started coverage on shares of Sensata Technologies in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. Robert W. Baird lowered their price objective on shares of Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Finally, Vertical Research started coverage on shares of Sensata Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $55.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.