Mutual of America Capital Management LLC Sells 4,719 Shares of Sensata Technologies Holding plc (NYSE:ST)

Mutual of America Capital Management LLC reduced its stake in Sensata Technologies Holding plc (NYSE:ST) by 5.5% during the 3rd quarter, Holdings Channel reports. The fund owned 81,587 shares of the scientific and technical instruments company’s stock after selling 4,719 shares during the period. Mutual of America Capital Management LLC’s holdings in Sensata Technologies were worth $2,926,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Millennium Management LLC boosted its position in shares of Sensata Technologies by 84.8% in the second quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company’s stock valued at $189,158,000 after acquiring an additional 2,321,782 shares during the period. Eminence Capital LP boosted its holdings in Sensata Technologies by 31.8% in the 2nd 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 purchasing an additional 826,353 shares during the period. Victory Capital Management Inc. grew its position in shares of Sensata Technologies by 64.5% during the 2nd quarter. Victory Capital Management Inc. now owns 1,854,773 shares of the scientific and technical instruments company’s stock worth $69,350,000 after purchasing an additional 727,521 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Sensata Technologies by 16.5% during the second quarter. Dimensional Fund Advisors LP now owns 4,643,665 shares of the scientific and technical instruments company’s stock worth $173,627,000 after purchasing an additional 658,728 shares during the period. Finally, Liontrust Investment Partners LLP acquired a new stake in shares of Sensata Technologies in the second quarter valued at approximately $16,242,000. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ST has been the topic of a number of recent research reports. UBS Group lowered their price objective on Sensata Technologies from $44.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. The Goldman Sachs Group dropped their price target on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating for the company in a research note on Tuesday, October 1st. Robert W. Baird reduced their price objective on shares of Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. JPMorgan Chase & Co. dropped their target price on shares of Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating for the company in a research report on Tuesday, November 5th. Finally, Oppenheimer decreased their price objective on shares of Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Sensata Technologies currently has a consensus rating of “Hold” and a consensus target price of $41.00.

Sensata Technologies Price Performance

Shares of ST opened at $31.89 on Friday. The company has a quick ratio of 1.76, a current ratio of 2.60 and a debt-to-equity ratio of 1.08. The stock has a market cap of $4.77 billion, a PE ratio of -59.05, a PEG ratio of 0.90 and a beta of 1.25. Sensata Technologies Holding plc has a 12-month low of $30.43 and a 12-month high of $43.14. The business has a 50-day simple moving average of $34.49 and a two-hundred day simple moving average of $37.25.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings data on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.86. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. The business had revenue of $982.80 million during the quarter, compared to analyst estimates of $983.93 million. During the same quarter last year, the business earned $0.91 EPS. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. Analysts anticipate that Sensata Technologies Holding plc will post 3.43 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

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

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.