American Century Companies Inc. Reduces Stake in Sensata Technologies Holding plc (NYSE:ST)

American Century Companies Inc. reduced its position in Sensata Technologies Holding plc (NYSE:ST) by 16.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,022,837 shares of the scientific and technical instruments company’s stock after selling 201,381 shares during the period. American Century Companies Inc.’s holdings in Sensata Technologies were worth $38,244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of ST. Principal Securities Inc. bought a new position in Sensata Technologies in the 4th quarter worth $29,000. GAMMA Investing LLC raised its holdings in Sensata Technologies by 399.0% in the 2nd quarter. GAMMA Investing LLC now owns 968 shares of the scientific and technical instruments company’s stock worth $36,000 after purchasing an additional 774 shares during the period. Versant Capital Management Inc bought a new position in Sensata Technologies in the 2nd quarter worth $37,000. SageView Advisory Group LLC bought a new stake in Sensata Technologies during the first quarter valued at about $85,000. Finally, First Horizon Advisors Inc. raised its holdings in Sensata Technologies by 57.9% during the second quarter. First Horizon Advisors Inc. now owns 2,529 shares of the scientific and technical instruments company’s stock valued at $95,000 after acquiring an additional 927 shares during the period. 99.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ST has been the topic of a number of recent analyst reports. Wolfe Research initiated coverage on Sensata Technologies in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. Vertical Research initiated coverage on Sensata Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $55.00 price target on the stock. Bank of America decreased their price target on Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. Oppenheimer decreased their price target on Sensata Technologies from $50.00 to $47.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Finally, Truist Financial cut their price objective 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 equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $44.10.

Sensata Technologies Trading Up 2.0 %

Shares of NYSE ST opened at $35.73 on Wednesday. The business’s 50 day moving average is $37.39 and its two-hundred day moving average is $37.71. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.77 and a quick ratio of 1.31. Sensata Technologies Holding plc has a 1-year low of $30.56 and a 1-year high of $43.14. The stock has a market capitalization of $5.38 billion, a P/E ratio of -324.82, a PEG ratio of 1.23 and a beta of 1.26.

Sensata Technologies (NYSE:ST) last released its earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.93 EPS for the quarter, meeting analysts’ consensus estimates of $0.93. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Sensata Technologies had a return on equity of 17.57% and a net margin of 0.21%. The company’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.97 earnings per share. As a group, research analysts expect that Sensata Technologies Holding plc will post 3.57 EPS for the current year.

Sensata Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were paid a dividend of $0.12 per share. The ex-dividend date was Wednesday, August 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.34%. Sensata Technologies’s dividend payout ratio is -436.36%.

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.