Lecap Asset Management Ltd. Takes Position in Sensata Technologies Holding plc (NYSE:ST)

Lecap Asset Management Ltd. acquired a new position in shares of Sensata Technologies Holding plc (NYSE:ST) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 19,045 shares of the scientific and technical instruments company’s stock, valued at approximately $683,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Fifth Third Bancorp increased its holdings in Sensata Technologies by 0.9% in the second quarter. Fifth Third Bancorp now owns 29,509 shares of the scientific and technical instruments company’s stock valued at $1,103,000 after buying an additional 275 shares in the last quarter. Retirement Systems of Alabama raised its holdings in Sensata Technologies by 0.3% during the first quarter. Retirement Systems of Alabama now owns 190,063 shares of the scientific and technical instruments company’s stock worth $6,983,000 after purchasing an additional 498 shares during the last quarter. Arizona State Retirement System boosted its position in Sensata Technologies by 1.3% during the second quarter. Arizona State Retirement System now owns 42,125 shares of the scientific and technical instruments company’s stock worth $1,575,000 after purchasing an additional 529 shares in the last quarter. Ariel Investments LLC grew its holdings in Sensata Technologies by 7.0% in the first quarter. Ariel Investments LLC now owns 8,268 shares of the scientific and technical instruments company’s stock valued at $304,000 after purchasing an additional 539 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC increased its position in shares of Sensata Technologies by 5.9% in the second quarter. NorthCrest Asset Manangement LLC now owns 12,966 shares of the scientific and technical instruments company’s stock valued at $485,000 after buying an additional 720 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

Sensata Technologies Price Performance

ST stock opened at $34.95 on Friday. The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of 873.97, a price-to-earnings-growth ratio of 1.39 and a beta of 1.25. The company has a quick ratio of 1.31, a current ratio of 1.77 and a debt-to-equity ratio of 1.06. Sensata Technologies Holding plc has a 52-week low of $30.56 and a 52-week high of $43.14. The stock’s fifty day simple moving average is $36.03 and its 200-day simple moving average is $37.65.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.93 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.93. Sensata Technologies had a return on equity of 17.57% and a net margin of 0.21%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the company earned $0.97 EPS. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. Equities research analysts expect that Sensata Technologies Holding plc will post 3.55 EPS for the current year.

Analyst Ratings Changes

ST has been the topic of a number of research reports. 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 on the stock. JPMorgan Chase & Co. lowered their price target on shares of Sensata Technologies from $35.00 to $34.00 and set an “underweight” rating on the stock in a research report on Friday, October 4th. Evercore ISI dropped their price objective on shares of Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating for the company in a research note on Tuesday, October 15th. Wolfe Research began coverage on Sensata Technologies in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Finally, Truist Financial dropped their price target on Sensata Technologies from $46.00 to $38.00 and set a “hold” rating for the company in a research report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $43.40.

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.