Merewether Investment Management LP Purchases Shares of 709,600 Sensata Technologies Holding plc (NYSE:ST)

Merewether Investment Management LP purchased a new position in Sensata Technologies Holding plc (NYSE:ST - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 709,600 shares of the scientific and technical instruments company's stock, valued at approximately $25,446,000. Sensata Technologies accounts for approximately 1.2% of Merewether Investment Management LP's investment portfolio, making the stock its 29th biggest position. Merewether Investment Management LP owned about 0.47% of Sensata Technologies as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. GAMMA Investing LLC grew its position in Sensata Technologies by 399.0% in the 2nd quarter. GAMMA Investing LLC now owns 968 shares of the scientific and technical instruments company's stock worth $36,000 after purchasing an additional 774 shares in the last quarter. Quarry LP boosted its stake in Sensata Technologies by 227.1% in the second quarter. Quarry LP now owns 1,063 shares of the scientific and technical instruments company's stock valued at $40,000 after acquiring an additional 738 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Sensata Technologies by 19.0% during the 3rd quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company's stock valued at $93,000 after buying an additional 416 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Sensata Technologies by 57.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,529 shares of the scientific and technical instruments company's stock valued at $95,000 after buying an additional 927 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of Sensata Technologies during the 2nd quarter valued at approximately $131,000. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ST. JPMorgan Chase & Co. decreased their target price 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. UBS Group decreased their target price on shares of Sensata Technologies from $44.00 to $39.00 and set a "buy" rating on the stock in a report on Wednesday, November 6th. Robert W. Baird decreased their target price on shares of Sensata Technologies from $40.00 to $36.00 and set a "neutral" rating on the stock in a report on Tuesday, November 5th. Evercore ISI decreased their target price on shares of Sensata Technologies from $60.00 to $50.00 and set an "outperform" rating on the stock in a report on Tuesday, October 15th. Finally, The Goldman Sachs Group decreased their target price on shares of Sensata Technologies from $41.00 to $39.00 and set a "neutral" rating on the stock in a report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $41.00.

Sensata Technologies Trading Down 1.2 %

Shares of ST stock traded down $0.39 on Wednesday, hitting $31.73. 1,579,000 shares of the company's stock traded hands, compared to its average volume of 1,837,397. 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 Holding plc has a one year low of $30.43 and a one year high of $43.14. The company's fifty day simple moving average is $34.03 and its 200 day simple moving average is $36.67. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of -59.46, a P/E/G ratio of 0.94 and a beta of 1.22.

Sensata Technologies (NYSE:ST - Get Free Report) last released its earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 EPS for the quarter, meeting the consensus estimate of $0.86. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. The company had revenue of $982.80 million for the quarter, compared to analyst estimates of $983.93 million. During the same quarter last year, the firm earned $0.91 EPS. The firm's quarterly revenue was down 1.8% compared to the same quarter last year. Equities analysts forecast that Sensata Technologies Holding plc will post 3.43 EPS for the current year.

Sensata Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Wednesday, November 13th. Sensata Technologies's dividend payout ratio is currently -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.