Natixis Advisors LLC Boosts Stake in Sensata Technologies Holding plc (NYSE:ST)

Natixis Advisors LLC grew its holdings in shares of Sensata Technologies Holding plc (NYSE:ST) by 8.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 293,248 shares of the scientific and technical instruments company’s stock after purchasing an additional 23,874 shares during the quarter. Natixis Advisors LLC’s holdings in Sensata Technologies were worth $10,516,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Russell Investments Group Ltd. grew its position in shares of Sensata Technologies by 6.4% during the 1st quarter. Russell Investments Group Ltd. now owns 81,366 shares of the scientific and technical instruments company’s stock valued at $2,989,000 after acquiring an additional 4,874 shares during the period. Advisors Asset Management Inc. grew its position in shares of Sensata Technologies by 2.7% in the first quarter. Advisors Asset Management Inc. now owns 57,166 shares of the scientific and technical instruments company’s stock valued at $2,100,000 after purchasing an additional 1,517 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Sensata Technologies in the first quarter valued at approximately $1,054,000. Earnest Partners LLC boosted its holdings in Sensata Technologies by 35.6% in the 1st quarter. Earnest Partners LLC now owns 1,294,866 shares of the scientific and technical instruments company’s stock valued at $47,573,000 after purchasing an additional 339,724 shares during the period. Finally, Invenomic Capital Management LP raised its position in shares of Sensata Technologies by 91.2% in the first quarter. Invenomic Capital Management LP now owns 879,192 shares of the scientific and technical instruments company’s stock worth $32,302,000 after buying an additional 419,256 shares in the last quarter. 99.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Bank of America cut their target price on shares of Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating for the company in a research report on Tuesday, July 30th. UBS Group cut their price target on shares of Sensata Technologies from $44.00 to $39.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Robert W. Baird lowered their target price on Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. TD Cowen reduced their price target on Sensata Technologies from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus lowered their price target on shares of Sensata Technologies from $43.00 to $38.00 and set a “hold” rating for the company in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $41.00.

Sensata Technologies Stock Performance

Shares of ST opened at $30.89 on Friday. The company has a 50-day simple moving average of $34.61 and a two-hundred day simple moving average of $37.36. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.60 and a quick ratio of 1.76. The firm has a market capitalization of $4.62 billion, a PE ratio of -56.91, a price-to-earnings-growth ratio of 0.90 and a beta of 1.25. Sensata Technologies Holding plc has a one year low of $30.43 and a one year high of $43.14.

Sensata Technologies (NYSE:ST) last released its quarterly earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, meeting the consensus estimate of $0.86. The company had revenue of $982.80 million for the quarter, compared to analyst estimates of $983.93 million. Sensata Technologies had a positive return on equity of 17.68% and a negative net margin of 1.98%. The firm’s revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 earnings per share. On average, analysts anticipate that Sensata Technologies Holding plc will post 3.43 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Wednesday, November 13th. Sensata Technologies’s dividend payout ratio (DPR) is presently -88.89%.

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.