Barclays PLC Boosts Stake in Sensata Technologies Holding plc (NYSE:ST)

Barclays PLC boosted its stake in shares of Sensata Technologies Holding plc (NYSE:ST) by 14.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 77,759 shares of the scientific and technical instruments company’s stock after purchasing an additional 10,107 shares during the period. Barclays PLC’s holdings in Sensata Technologies were worth $2,788,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of ST. Millennium Management LLC boosted 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 worth $189,158,000 after purchasing an additional 2,321,782 shares during the period. Eminence Capital LP boosted its holdings in Sensata Technologies by 31.8% in the 2nd quarter. Eminence Capital LP now owns 3,423,317 shares of the scientific and technical instruments company’s stock worth $127,998,000 after buying an additional 826,353 shares during the period. Victory Capital Management Inc. boosted its holdings in Sensata Technologies by 64.5% in the 2nd quarter. Victory Capital Management Inc. now owns 1,854,773 shares of the scientific and technical instruments company’s stock worth $69,350,000 after buying an additional 727,521 shares during the period. Merewether Investment Management LP purchased a new stake in Sensata Technologies in the 3rd quarter worth $25,446,000. Finally, Dimensional Fund Advisors LP lifted 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 acquiring an additional 658,728 shares in the last quarter. Institutional investors own 99.42% of the company’s stock.

Sensata Technologies Price Performance

NYSE:ST opened at $27.40 on Wednesday. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of -50.74, a PEG ratio of 0.89 and a beta of 1.22. 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 business has a 50 day simple moving average of $32.41 and a 200-day simple moving average of $35.54. Sensata Technologies Holding plc has a 1 year low of $27.12 and a 1 year high of $43.14.

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

Sensata Technologies Dividend Announcement

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

Analysts Set New Price Targets

Several analysts recently issued reports on ST shares. Robert W. Baird cut their target price on Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. UBS Group reduced their price objective on shares of Sensata Technologies from $44.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. The Goldman Sachs Group dropped their target price on shares of Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating for the company in a research report on Tuesday, October 1st. JPMorgan Chase & Co. reduced their price target on shares of Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating on the stock in a report on Tuesday, November 5th. Finally, Truist Financial dropped their price objective on shares of Sensata Technologies from $38.00 to $33.00 and set a “hold” rating for the company in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Sensata Technologies presently has an average rating of “Hold” and an average price target of $41.00.

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.