Ali John Mirshekari Acquires 73,137 Shares of Sensata Technologies Holding plc (NYSE:ST) Stock

Sensata Technologies Holding plc (NYSE:ST) Director Ali John Mirshekari purchased 73,137 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were purchased at an average cost of $39.17 per share, for a total transaction of $2,864,776.29. Following the completion of the purchase, the director now directly owns 73,137 shares in the company, valued at $2,864,776.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Sensata Technologies Stock Performance

Shares of NYSE:ST opened at $41.99 on Wednesday. The firm has a market capitalization of $6.32 billion, a PE ratio of -381.69, a P/E/G ratio of 0.97 and a beta of 1.32. Sensata Technologies Holding plc has a 12 month low of $30.56 and a 12 month high of $47.41. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.64 and a quick ratio of 1.74. The business has a 50-day moving average of $35.78 and a two-hundred day moving average of $34.80.

Sensata Technologies (NYSE:ST) last posted its earnings results on Monday, April 29th. The scientific and technical instruments company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.03. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $986.51 million. Sensata Technologies had a negative net margin of 0.35% and a positive return on equity of 17.58%. The company’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 EPS. As a group, research analysts forecast that Sensata Technologies Holding plc will post 3.75 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be issued a dividend of $0.12 per share. The ex-dividend date is Tuesday, May 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.14%. Sensata Technologies’s payout ratio is -436.32%.

Analysts Set New Price Targets

Several brokerages recently issued reports on ST. Evercore ISI raised shares of Sensata Technologies from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $44.00 to $60.00 in a research note on Monday. The Goldman Sachs Group restated a “neutral” rating and set a $36.00 price objective (down previously from $44.00) on shares of Sensata Technologies in a report on Tuesday, April 9th. Jefferies Financial Group assumed coverage on Sensata Technologies in a research note on Tuesday, April 9th. They issued a “hold” rating and a $40.00 target price for the company. Oppenheimer upgraded Sensata Technologies from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a research report on Tuesday, January 30th. Finally, Bank of America cut Sensata Technologies from a “buy” rating to a “neutral” rating and lowered their price target for the company from $46.00 to $38.00 in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $43.78.

Institutional Trading of Sensata Technologies

A number of institutional investors have recently added to or reduced their stakes in the business. Cary Street Partners Investment Advisory LLC boosted its position in shares of Sensata Technologies by 1,389.8% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 730 shares of the scientific and technical instruments company’s stock worth $28,000 after buying an additional 681 shares during the period. Principal Securities Inc. purchased a new position in Sensata Technologies in the 4th quarter worth approximately $29,000. Parkside Financial Bank & Trust grew its position in Sensata Technologies by 761.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 887 shares of the scientific and technical instruments company’s stock valued at $33,000 after acquiring an additional 784 shares in the last quarter. Covestor Ltd grew its position in Sensata Technologies by 71.6% in the third quarter. Covestor Ltd now owns 1,249 shares of the scientific and technical instruments company’s stock valued at $47,000 after acquiring an additional 521 shares in the last quarter. Finally, TFO Wealth Partners LLC lifted its position in shares of Sensata Technologies by 17,818.8% during the fourth quarter. TFO Wealth Partners LLC now owns 2,867 shares of the scientific and technical instruments company’s stock worth $108,000 after purchasing an additional 2,851 shares in the last quarter. 99.42% of the stock is owned by hedge funds and other institutional investors.

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.