Sensata Technologies Holding plc (NYSE:ST) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in Sensata Technologies Holding plc (NYSE:ST - Free Report) by 66.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 660,568 shares of the scientific and technical instruments company's stock after purchasing an additional 264,334 shares during the quarter. JPMorgan Chase & Co. owned 0.44% of Sensata Technologies worth $23,688,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rhumbline Advisers grew its holdings in Sensata Technologies by 1.2% in the second quarter. Rhumbline Advisers now owns 384,990 shares of the scientific and technical instruments company's stock valued at $14,395,000 after purchasing an additional 4,509 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Sensata Technologies by 1.3% during the second quarter. Arizona State Retirement System now owns 42,125 shares of the scientific and technical instruments company's stock valued at $1,575,000 after acquiring an additional 529 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Sensata Technologies during the second quarter valued at $1,199,000. United Services Automobile Association increased its position in Sensata Technologies by 13.9% during the 2nd quarter. United Services Automobile Association now owns 12,192 shares of the scientific and technical instruments company's stock worth $456,000 after purchasing an additional 1,486 shares in the last quarter. Finally, AGF Management Ltd. acquired a new position in Sensata Technologies in the 2nd quarter valued at about $2,097,000. Institutional investors and hedge funds own 99.42% of the company's stock.

Sensata Technologies Trading Down 2.4 %

Shares of ST stock traded down $0.67 during mid-day trading on Thursday, reaching $27.75. The company's stock had a trading volume of 1,123,451 shares, compared to its average volume of 1,237,850. The company has a quick ratio of 1.76, a current ratio of 2.60 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $4.15 billion, a PE ratio of -51.39, a price-to-earnings-growth ratio of 0.89 and a beta of 1.24. The company's 50 day simple moving average is $30.41 and its 200-day simple moving average is $34.57. Sensata Technologies Holding plc has a 12-month low of $26.65 and a 12-month high of $43.14.

Sensata Technologies (NYSE:ST - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The scientific and technical instruments company reported $0.86 EPS for the quarter, hitting analysts' consensus estimates of $0.86. Sensata Technologies had a positive return on equity of 17.68% and a negative net margin of 1.98%. The company had revenue of $982.80 million for the quarter, compared to analysts' expectations of $983.93 million. During the same quarter in the previous year, the firm posted $0.91 earnings per share. The firm's quarterly revenue was down 1.8% on a year-over-year basis. On average, research analysts predict that Sensata Technologies Holding plc will post 3.43 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.73%. Sensata Technologies's dividend payout ratio is currently -88.89%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ST shares. Oppenheimer lowered their price target on shares of Sensata Technologies from $47.00 to $44.00 and set an "outperform" rating for the company in a report on Tuesday, November 5th. Evercore ISI lowered their target price on shares of Sensata Technologies from $60.00 to $50.00 and set an "outperform" rating for the company in a research note on Tuesday, October 15th. UBS Group reduced their price target on Sensata Technologies from $44.00 to $39.00 and set a "buy" rating on the stock in a research note on Wednesday, November 6th. Truist Financial dropped their target price on Sensata Technologies from $38.00 to $33.00 and set a "hold" rating for the company in a research note on Tuesday, November 5th. Finally, Stifel Nicolaus reduced their target price on Sensata Technologies from $43.00 to $38.00 and set a "hold" rating on the stock in a research 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 issued a buy rating to the company's stock. According to data from MarketBeat, Sensata Technologies currently has an average rating of "Hold" and a consensus price target of $41.00.

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.