Sanctuary Advisors LLC Cuts Stake in Sensata Technologies Holding plc (NYSE:ST)

Sanctuary Advisors LLC lessened its stake in shares of Sensata Technologies Holding plc (NYSE:ST) by 65.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 9,456 shares of the scientific and technical instruments company’s stock after selling 17,909 shares during the quarter. Sanctuary Advisors LLC’s holdings in Sensata Technologies were worth $339,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Assetmark Inc. boosted its stake in Sensata Technologies by 19.0% in the 3rd quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company’s stock worth $93,000 after purchasing an additional 416 shares during the period. Arizona State Retirement System lifted its holdings in shares of Sensata Technologies by 1.3% in the second quarter. Arizona State Retirement System now owns 42,125 shares of the scientific and technical instruments company’s stock worth $1,575,000 after buying an additional 529 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Sensata Technologies by 1.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 46,114 shares of the scientific and technical instruments company’s stock worth $1,654,000 after buying an additional 602 shares in the last quarter. Quarry LP boosted its position in shares of Sensata Technologies by 61.2% in the third quarter. Quarry LP now owns 1,714 shares of the scientific and technical instruments company’s stock valued at $61,000 after acquiring an additional 651 shares during the period. Finally, Quantinno Capital Management LP grew its stake in Sensata Technologies by 2.3% during the third quarter. Quantinno Capital Management LP now owns 45,341 shares of the scientific and technical instruments company’s stock valued at $1,626,000 after acquiring an additional 1,035 shares in the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on ST shares. Stifel Nicolaus lowered their target price on shares of Sensata Technologies from $43.00 to $38.00 and set a “hold” rating on the stock in a research note on Tuesday, November 5th. Robert W. Baird lowered their price objective on Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Evercore ISI dropped their price objective on Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating for the company in a research note on Tuesday, October 15th. Truist Financial decreased their target price on Sensata Technologies from $38.00 to $33.00 and set a “hold” rating on the stock in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group dropped their price target on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating for the company in a research report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $41.00.

Sensata Technologies Price Performance

Shares of NYSE ST opened at $27.38 on Friday. Sensata Technologies Holding plc has a fifty-two week low of $27.12 and a fifty-two week high of $43.14. The company has a 50 day simple moving average of $31.74 and a two-hundred day simple moving average of $35.26. The company has a market capitalization of $4.10 billion, a price-to-earnings ratio of -50.70, a P/E/G ratio of 0.89 and a beta of 1.22. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.60.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, hitting the consensus estimate of $0.86. The company had revenue of $982.80 million for the quarter, compared to the consensus estimate 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 quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.91 EPS. Analysts expect that Sensata Technologies Holding plc will post 3.43 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.75%. The ex-dividend date was Wednesday, November 13th. Sensata Technologies’s dividend payout ratio (DPR) is -88.89%.

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.