Xponance Inc. Sells 1,764 Shares of Sensata Technologies Holding plc (NYSE:ST)

Xponance Inc. cut its position in shares of Sensata Technologies Holding plc (NYSE:ST) by 9.8% in the second quarter, HoldingsChannel reports. The firm owned 16,284 shares of the scientific and technical instruments company’s stock after selling 1,764 shares during the period. Xponance Inc.’s holdings in Sensata Technologies were worth $609,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Foundry Partners LLC increased its stake in shares of Sensata Technologies by 11.8% during the first quarter. Foundry Partners LLC now owns 120,206 shares of the scientific and technical instruments company’s stock valued at $4,416,000 after buying an additional 12,708 shares during the period. Sei Investments Co. grew its holdings in Sensata Technologies by 178.4% during the 1st quarter. Sei Investments Co. now owns 367,005 shares of the scientific and technical instruments company’s stock worth $13,484,000 after acquiring an additional 235,170 shares in the last quarter. Alaska Permanent Fund Corp grew its holdings in Sensata Technologies by 320.9% during the 1st quarter. Alaska Permanent Fund Corp now owns 50,258 shares of the scientific and technical instruments company’s stock worth $1,846,000 after acquiring an additional 38,318 shares in the last quarter. Point72 Europe London LLP purchased a new position in Sensata Technologies during the 4th quarter valued at about $854,000. Finally, Hsbc Holdings PLC raised its holdings in shares of Sensata Technologies by 186.9% in the 4th quarter. Hsbc Holdings PLC now owns 110,510 shares of the scientific and technical instruments company’s stock valued at $4,180,000 after purchasing an additional 71,994 shares in the last quarter. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Sensata Technologies Trading Up 0.9 %

Sensata Technologies stock opened at $36.98 on Monday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.31 and a current ratio of 1.77. The stock has a market cap of $5.58 billion, a PE ratio of -336.15, a price-to-earnings-growth ratio of 1.42 and a beta of 1.26. The stock has a 50-day moving average of $36.63 and a two-hundred day moving average of $37.74. Sensata Technologies Holding plc has a one year low of $30.56 and a one year high of $43.14.

Sensata Technologies (NYSE:ST) last released its earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.93 EPS for the quarter, hitting 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 analysts’ expectations of $1.04 billion. During the same period last year, the business earned $0.97 EPS. Sensata Technologies’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, research analysts anticipate that Sensata Technologies Holding plc will post 3.57 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were paid a $0.12 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $0.48 dividend on an annualized basis and a yield of 1.30%. Sensata Technologies’s dividend payout ratio (DPR) is -436.32%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Truist Financial dropped their price objective on shares of Sensata Technologies from $46.00 to $38.00 and set a “hold” rating on the stock in a research note 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. Vertical Research initiated coverage on Sensata Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $55.00 price objective for the company. Bank of America dropped their price objective on Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 30th. Finally, Wolfe Research began coverage on shares of Sensata Technologies in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $44.10.

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.