Sensata Technologies Holding plc (NYSE:ST) Stake Lessened by Mackenzie Financial Corp

Mackenzie Financial Corp decreased its position in shares of Sensata Technologies Holding plc (NYSE:ST) by 19.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,199,204 shares of the scientific and technical instruments company’s stock after selling 280,723 shares during the period. Mackenzie Financial Corp’s holdings in Sensata Technologies were worth $44,838,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kodai Capital Management LP bought a new stake in shares of Sensata Technologies in the 4th quarter worth $133,156,000. Millennium Management LLC grew its holdings in Sensata Technologies by 84.8% during the second quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company’s stock worth $189,158,000 after acquiring an additional 2,321,782 shares during the period. Eminence Capital LP bought a new stake in Sensata Technologies in the fourth quarter worth about $46,794,000. SG Americas Securities LLC lifted its holdings in Sensata Technologies by 2,624.2% in the 1st 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 acquiring an additional 884,381 shares during the last quarter. Finally, Capitolis Liquid Global Markets LLC bought a new position in shares of Sensata Technologies during the 1st quarter valued at about $28,969,000. Institutional investors own 99.42% of the company’s stock.

Wall Street Analysts Forecast Growth

ST has been the topic of a number of research reports. Oppenheimer dropped 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. Wolfe Research assumed coverage on Sensata Technologies in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. Bank of America decreased their target price on Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. Vertical Research assumed coverage on Sensata Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $55.00 target price for the company. Finally, Truist Financial decreased their price target 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $44.10.

Sensata Technologies Price Performance

NYSE ST opened at $36.98 on Friday. The company has a 50 day simple moving average of $36.63 and a 200-day simple moving average of $37.73. Sensata Technologies Holding plc has a 52-week low of $30.56 and a 52-week high of $43.14. The firm has a market capitalization of $5.58 billion, a price-to-earnings ratio of -336.15, a price-to-earnings-growth ratio of 1.42 and a beta of 1.26. 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 (NYSE:ST) last issued its earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 analyst estimates of $1.04 billion. During the same quarter last year, the business posted $0.97 EPS. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. Equities research analysts predict that Sensata Technologies Holding plc will post 3.57 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The company also recently declared 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. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Wednesday, August 14th. Sensata Technologies’s dividend payout ratio (DPR) is presently -436.32%.

Sensata Technologies 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.