Los Angeles Capital Management LLC Takes Position in Sensata Technologies Holding plc (NYSE:ST)

Los Angeles Capital Management LLC bought a new position in shares of Sensata Technologies Holding plc (NYSE:ST) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 32,073 shares of the scientific and technical instruments company’s stock, valued at approximately $1,199,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kodai Capital Management LP bought a new position in shares of Sensata Technologies during the 4th quarter worth about $133,156,000. Eminence Capital LP bought a new position in Sensata Technologies during the fourth quarter worth about $46,794,000. SG Americas Securities LLC boosted its holdings in Sensata Technologies by 2,624.2% during the first quarter. SG Americas Securities LLC now owns 918,082 shares of the scientific and technical instruments company’s stock valued at $33,730,000 after purchasing an additional 884,381 shares in the last quarter. Capitolis Liquid Global Markets LLC bought a new stake in shares of Sensata Technologies in the 1st quarter valued at approximately $28,969,000. Finally, Victory Capital Management Inc. raised its holdings in shares of Sensata Technologies by 64.5% in 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 buying an additional 727,521 shares in the last quarter. 99.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. Truist Financial decreased their price target on Sensata Technologies from $46.00 to $38.00 and set a “hold” rating on the stock in a research note on Tuesday, July 30th. Bank of America lowered their target price on shares of Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. Wolfe Research began coverage on shares of Sensata Technologies in a report on Thursday, September 5th. They set a “peer perform” rating for the company. Vertical Research began coverage on shares of Sensata Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $55.00 price objective on the stock. Finally, Oppenheimer dropped their price objective on shares of Sensata Technologies from $50.00 to $47.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Sensata Technologies currently has a consensus rating of “Hold” and an average price target of $44.10.

Sensata Technologies Stock Performance

Shares of Sensata Technologies stock opened at $34.60 on Thursday. The firm has a 50 day simple moving average of $37.65 and a 200 day simple moving average of $37.67. Sensata Technologies Holding plc has a fifty-two week low of $30.56 and a fifty-two week high of $43.14. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.77 and a quick ratio of 1.31. The firm has a market cap of $5.21 billion, a P/E ratio of -314.50, a P/E/G ratio of 1.26 and a beta of 1.26.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.93 EPS for the quarter, hitting the consensus estimate of $0.93. Sensata Technologies had a net margin of 0.21% and a return on equity of 17.57%. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the company earned $0.97 EPS. Sensata Technologies’s revenue was down 2.5% on a year-over-year basis. Sell-side analysts predict that Sensata Technologies Holding plc will post 3.57 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were given a $0.12 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $0.48 annualized dividend and a dividend yield of 1.39%. Sensata Technologies’s dividend payout ratio is currently -436.36%.

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.