Grantham Mayo Van Otterloo & Co. LLC reduced its position in Sensata Technologies Holding plc (NYSE:ST – Free Report) by 36.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 392,914 shares of the scientific and technical instruments company’s stock after selling 222,621 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned about 0.26% of Sensata Technologies worth $19,654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in Sensata Technologies in the first quarter valued at approximately $42,000. Kepos Capital LP acquired a new stake in Sensata Technologies in the 4th quarter valued at $36,000. Group One Trading L.P. increased its holdings in Sensata Technologies by 239.2% in the 4th quarter. Group One Trading L.P. now owns 987 shares of the scientific and technical instruments company’s stock worth $40,000 after acquiring an additional 696 shares in the last quarter. Bessemer Group Inc. acquired a new position in Sensata Technologies during the first quarter worth $56,000. Finally, Compass Wealth Management LLC acquired a new position in Sensata Technologies during the fourth quarter worth $61,000. 96.46% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of analysts have recently commented on ST shares. TheStreet cut shares of Sensata Technologies from a “b-” rating to a “c+” rating in a research note on Thursday, August 17th. Truist Financial cut their price objective on Sensata Technologies from $52.00 to $48.00 and set a “hold” rating for the company in a research note on Wednesday, July 26th. Finally, StockNews.com assumed coverage on Sensata Technologies in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Sensata Technologies presently has an average rating of “Hold” and an average target price of $53.13.
Sensata Technologies Price Performance
Shares of NYSE:ST traded up $0.38 during midday trading on Friday, hitting $38.00. The company had a trading volume of 1,516,959 shares, compared to its average volume of 1,027,196. Sensata Technologies Holding plc has a twelve month low of $36.64 and a twelve month high of $54.34. The stock has a market cap of $5.79 billion, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 0.90 and a beta of 1.29. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.81 and a quick ratio of 2.06. The business’s 50-day simple moving average is $41.93 and its 200-day simple moving average is $44.50.
Sensata Technologies (NYSE:ST – Get Free Report) last issued its earnings results on Tuesday, July 25th. The scientific and technical instruments company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.02. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. Sensata Technologies had a return on equity of 18.03% and a net margin of 9.50%. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period last year, the company earned $0.83 EPS. On average, research analysts predict that Sensata Technologies Holding plc will post 3.76 earnings per share for the current year.
Sensata Technologies Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th were issued a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $0.48 annualized dividend and a yield of 1.26%. Sensata Technologies’s payout ratio is 18.97%.
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. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment develops and manufactures sensors, high-voltage solutions, and other solutions used in mission-critical systems and applications, such as tire pressure monitoring, thermal management, electrical protection, regenerative braking, powertrain (engine/transmission), exhaust management, and operator controls for automobiles, on-road trucks, and off-road equipment customers.
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