Sensata Technologies Holding plc (NYSE:ST) Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC lowered its stake in Sensata Technologies Holding plc (NYSE:ST) by 53.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 109,742 shares of the scientific and technical instruments company’s stock after selling 126,369 shares during the period. Sterling Capital Management LLC’s holdings in Sensata Technologies were worth $3,007,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Sensata Technologies during the fourth quarter worth $48,580,000. Boston Partners increased its stake in Sensata Technologies by 11.6% in the 4th quarter. Boston Partners now owns 6,526,941 shares of the scientific and technical instruments company’s stock worth $179,087,000 after purchasing an additional 677,316 shares in the last quarter. Sei Investments Co. raised its holdings in Sensata Technologies by 54.6% during the 4th quarter. Sei Investments Co. now owns 756,476 shares of the scientific and technical instruments company’s stock worth $20,728,000 after buying an additional 267,318 shares during the period. Renaissance Technologies LLC lifted its stake in Sensata Technologies by 54.0% during the fourth quarter. Renaissance Technologies LLC now owns 753,600 shares of the scientific and technical instruments company’s stock valued at $20,649,000 after buying an additional 264,400 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Sensata Technologies by 66.7% in the third quarter. JPMorgan Chase & Co. now owns 660,568 shares of the scientific and technical instruments company’s stock worth $23,688,000 after buying an additional 264,334 shares during the period. Institutional investors and hedge funds own 99.42% of the company’s stock.

Sensata Technologies Price Performance

ST opened at $19.53 on Friday. The company has a current ratio of 2.85, a quick ratio of 1.99 and a debt-to-equity ratio of 1.11. Sensata Technologies Holding plc has a 1 year low of $17.32 and a 1 year high of $43.14. The stock has a fifty day moving average price of $26.06 and a 200 day moving average price of $29.49. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 1.25 and a beta of 1.12.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 EPS for the quarter, meeting the consensus estimate of $0.76. Sensata Technologies had a return on equity of 17.54% and a net margin of 3.27%. Analysts forecast that Sensata Technologies Holding plc will post 3.21 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.12 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.48 annualized dividend and a dividend yield of 2.46%. Sensata Technologies’s dividend payout ratio (DPR) is 57.14%.

Analyst Ratings Changes

A number of research firms have recently issued reports on ST. Evercore ISI lowered shares of Sensata Technologies from an “outperform” rating to an “inline” rating and cut their price target for the company from $40.00 to $27.00 in a report on Thursday, April 3rd. Oppenheimer cut their target price on shares of Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. UBS Group reduced their target price on Sensata Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a report on Thursday. Finally, The Goldman Sachs Group upgraded Sensata Technologies from a “neutral” rating to a “buy” rating and lowered their price target for the company from $31.00 to $27.00 in a report on Thursday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $36.73.

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.