16,900 Shares in Sensata Technologies Holding plc (NYSE:ST) Purchased by Dark Forest Capital Management LP

Dark Forest Capital Management LP acquired a new stake in Sensata Technologies Holding plc (NYSE:ST) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 16,900 shares of the scientific and technical instruments company’s stock, valued at approximately $632,000.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of 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 valued at $36,000 after acquiring an additional 774 shares during the period. Versant Capital Management Inc acquired a new stake in Sensata Technologies in the 2nd quarter valued at approximately $37,000. SageView Advisory Group LLC purchased a new stake in Sensata Technologies in the first quarter valued at approximately $85,000. First Horizon Advisors Inc. raised its position in Sensata Technologies by 57.9% in 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 purchasing an additional 927 shares during the period. Finally, TFO Wealth Partners LLC lifted its stake in Sensata Technologies by 17,818.8% during the fourth quarter. TFO Wealth Partners LLC now owns 2,867 shares of the scientific and technical instruments company’s stock worth $108,000 after purchasing an additional 2,851 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

Analyst Ratings Changes

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

Sensata Technologies Stock Up 4.1 %

Shares of Sensata Technologies stock opened at $36.66 on Friday. 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 company has a market capitalization of $5.52 billion, a P/E ratio of -333.27, a P/E/G ratio of 1.40 and a beta of 1.26. The company has a 50 day moving average of $36.77 and a 200 day moving average of $37.73.

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

Sensata Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were issued a $0.12 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.31%. Sensata Technologies’s payout ratio is currently -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.