Intech Investment Management LLC Takes $1.15 Million Position in Sensata Technologies Holding plc (NYSE:ST)

Intech Investment Management LLC acquired a new stake in shares of Sensata Technologies Holding plc (NYSE:ST) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,939 shares of the scientific and technical instruments company’s stock, valued at approximately $1,145,000.

Several other institutional investors have also recently made changes to their positions in the stock. GAMMA Investing LLC increased its position 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 acquiring an additional 774 shares in the last quarter. Versant Capital Management Inc bought a new stake in shares of Sensata Technologies during the second quarter worth about $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 acquiring an additional 738 shares in the last quarter. Assetmark Inc. increased its position in shares of Sensata Technologies by 19.0% during the third quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company’s stock worth $93,000 after acquiring an additional 416 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its position in shares of Sensata Technologies by 57.9% during the second quarter. First Horizon Advisors Inc. now owns 2,529 shares of the scientific and technical instruments company’s stock worth $95,000 after acquiring an additional 927 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

Analyst Upgrades and Downgrades

ST has been the subject of a number of recent analyst reports. 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. Stifel Nicolaus reduced their price objective on shares of Sensata Technologies from $43.00 to $38.00 and set a “hold” rating for the company in a research report on Tuesday, November 5th. Truist Financial reduced their price objective on shares of Sensata Technologies from $38.00 to $33.00 and set a “hold” rating for the company in a research report on Tuesday, November 5th. TD Cowen reduced their price objective on shares of Sensata Technologies from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Finally, UBS Group reduced their price objective on shares of Sensata Technologies from $44.00 to $39.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $41.00.

Sensata Technologies Stock Down 0.2 %

Sensata Technologies stock opened at $32.11 on Thursday. Sensata Technologies Holding plc has a twelve month low of $30.43 and a twelve month high of $43.14. The firm has a 50 day moving average price of $34.32 and a 200-day moving average price of $37.01. The company has a market capitalization of $4.80 billion, a P/E ratio of -59.46, a P/E/G ratio of 0.98 and a beta of 1.25. The company has a quick ratio of 1.76, a current ratio of 2.60 and a debt-to-equity ratio of 1.08.

Sensata Technologies (NYSE:ST) last announced its quarterly 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 company 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%. Sensata Technologies’s revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.91 EPS. As a group, equities analysts predict that Sensata Technologies Holding plc will post 3.43 EPS for the current year.

Sensata Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Wednesday, November 13th. Sensata Technologies’s payout ratio is currently -88.89%.

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.