Dark Forest Capital Management LP Purchases Shares of 31,301 Sensata Technologies Holding plc (NYSE:ST)

Dark Forest Capital Management LP acquired a new position in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 31,301 shares of the scientific and technical instruments company's stock, valued at approximately $858,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ST. Blue Trust Inc. raised its position in Sensata Technologies by 738.7% in the fourth quarter. Blue Trust Inc. now owns 931 shares of the scientific and technical instruments company's stock valued at $26,000 after purchasing an additional 820 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in shares of Sensata Technologies in the 4th quarter valued at about $27,000. Venturi Wealth Management LLC boosted its holdings in Sensata Technologies by 67.6% in the fourth quarter. Venturi Wealth Management LLC now owns 2,026 shares of the scientific and technical instruments company's stock worth $56,000 after purchasing an additional 817 shares during the period. Parkside Financial Bank & Trust boosted its stake in Sensata Technologies by 48.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,523 shares of the scientific and technical instruments company's stock valued at $69,000 after acquiring an additional 820 shares during the period. Finally, Headlands Technologies LLC increased its position in Sensata Technologies by 524.8% in the fourth quarter. Headlands Technologies LLC now owns 2,768 shares of the scientific and technical instruments company's stock worth $76,000 after buying an additional 2,325 shares during the period. Hedge funds and other institutional investors own 99.42% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on ST shares. Robert W. Baird decreased their target price on shares of Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. UBS Group dropped their price objective on Sensata Technologies from $37.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Oppenheimer decreased their price target on shares of Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. The Goldman Sachs Group raised shares of Sensata Technologies from a "neutral" rating to a "buy" rating and reduced their price objective for the company from $31.00 to $27.00 in a research note on Thursday, April 10th. Finally, Wells Fargo & Company began coverage on Sensata Technologies in a report on Friday. They set an "equal weight" rating and a $20.00 price target on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $33.33.

Sensata Technologies Stock Performance

Shares of ST stock traded up $0.12 during trading on Tuesday, reaching $21.49. The company had a trading volume of 207,333 shares, compared to its average volume of 1,803,742. The company has a market capitalization of $3.21 billion, a PE ratio of 25.55, a PEG ratio of 1.25 and a beta of 1.12. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.85 and a quick ratio of 1.99. The firm's 50 day simple moving average is $24.39 and its two-hundred day simple moving average is $28.26. Sensata Technologies Holding plc has a one year low of $17.32 and a one year high of $43.14.

Sensata Technologies (NYSE:ST - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share for the quarter, hitting analysts' consensus estimates of $0.76. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. Sell-side analysts forecast that Sensata Technologies Holding plc will post 3.21 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.23%. Sensata Technologies's dividend payout ratio (DPR) is presently 57.14%.

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.