Algert Global LLC Makes New $4.58 Million Investment in Sensata Technologies Holding plc (NYSE:ST)

Algert Global LLC acquired a new stake in shares of Sensata Technologies Holding plc (NYSE:ST) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 122,524 shares of the scientific and technical instruments company’s stock, valued at approximately $4,581,000. Algert Global LLC owned 0.08% of Sensata Technologies at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Sensata Technologies by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 14,910,505 shares of the scientific and technical instruments company’s stock valued at $560,188,000 after purchasing an additional 69,837 shares in the last quarter. Millennium Management LLC increased its position in shares of Sensata Technologies by 84.8% in the second quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company’s stock valued at $189,158,000 after buying an additional 2,321,782 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Sensata Technologies by 16.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,643,665 shares of the scientific and technical instruments company’s stock valued at $173,627,000 after buying an additional 658,728 shares in the last quarter. Kodai Capital Management LP purchased a new stake in shares of Sensata Technologies in the fourth quarter valued at approximately $133,156,000. Finally, Eminence Capital LP boosted its stake in shares of Sensata Technologies by 31.8% in the second quarter. Eminence Capital LP now owns 3,423,317 shares of the scientific and technical instruments company’s stock worth $127,998,000 after acquiring an additional 826,353 shares during the last quarter. 99.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ST shares. Bank of America lowered their price objective on Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 30th. 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. Oppenheimer cut 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. Wolfe Research began coverage on Sensata Technologies in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Finally, Vertical Research began coverage on Sensata Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $55.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $44.10.

Sensata Technologies Price Performance

ST stock opened at $36.98 on Monday. Sensata Technologies Holding plc has a 52-week low of $30.56 and a 52-week high of $43.14. The stock’s fifty day simple moving average is $36.63 and its 200-day simple moving average is $37.74. The company has a quick ratio of 1.31, a current ratio of 1.77 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of -336.18, a price-to-earnings-growth ratio of 1.42 and a beta of 1.26.

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 for the quarter, meeting analysts’ consensus estimates of $0.93. Sensata Technologies had a return on equity of 17.57% and a net margin of 0.21%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the firm earned $0.97 earnings per share. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. Equities research analysts expect that Sensata Technologies Holding plc will post 3.57 EPS for the current year.

Sensata Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Wednesday, August 14th. Sensata Technologies’s 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.