Massachusetts Financial Services Co. MA Sells 444,049 Shares of Sensata Technologies Holding plc (NYSE:ST)

Massachusetts Financial Services Co. MA decreased its position in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) by 14.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,709,555 shares of the scientific and technical instruments company's stock after selling 444,049 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.79% of Sensata Technologies worth $101,310,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in Sensata Technologies by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 14,910,505 shares of the scientific and technical instruments company's stock worth $560,188,000 after acquiring an additional 69,837 shares in the last quarter. Kodai Capital Management LP acquired a new position in Sensata Technologies during the fourth quarter worth about $133,156,000. Schroder Investment Management Group raised its stake in Sensata Technologies by 1.1% during the fourth quarter. Schroder Investment Management Group now owns 2,983,414 shares of the scientific and technical instruments company's stock worth $112,087,000 after acquiring an additional 31,352 shares in the last quarter. Victory Capital Management Inc. raised its stake in Sensata Technologies by 64.5% during the second 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 acquiring an additional 727,521 shares in the last quarter. Finally, Westfield Capital Management Co. LP raised its stake in Sensata Technologies by 67.6% during the fourth quarter. Westfield Capital Management Co. LP now owns 1,489,729 shares of the scientific and technical instruments company's stock worth $55,969,000 after acquiring an additional 600,875 shares in the last quarter. Institutional investors own 99.42% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ST shares. Wolfe Research assumed coverage on Sensata Technologies in a research note on Thursday, September 5th. They set a "peer perform" rating for the company. Truist Financial lowered their price objective on Sensata Technologies from $46.00 to $38.00 and set a "hold" rating for the company in a research note on Tuesday, July 30th. Bank of America lowered their price objective on Sensata Technologies from $44.00 to $41.00 and set a "neutral" rating for the company in a research note on Tuesday, July 30th. Oppenheimer lowered their price objective on Sensata Technologies from $50.00 to $47.00 and set an "outperform" rating for the company in a research note on Wednesday, July 31st. Finally, Vertical Research assumed coverage on Sensata Technologies in a research note on Tuesday, July 23rd. They issued a "buy" rating and a $55.00 price objective for the company. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Sensata Technologies currently has a consensus rating of "Hold" and a consensus target price of $44.10.

Sensata Technologies Price Performance

NYSE ST traded up $0.97 during mid-day trading on Thursday, hitting $36.41. The company's stock had a trading volume of 1,042,411 shares, compared to its average volume of 1,987,188. The company's 50 day simple moving average is $37.31 and its 200 day simple moving average is $37.69. Sensata Technologies Holding plc has a twelve month low of $30.56 and a twelve month high of $43.14. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.31 and a current ratio of 1.77.

Sensata Technologies (NYSE:ST - Get Free Report) last posted its quarterly earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.93 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.93. Sensata Technologies had a net margin of 0.21% and a return on equity of 17.57%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the firm posted $0.97 EPS. Sensata Technologies's revenue was down 2.5% compared to the same quarter last year. As a group, research analysts expect that Sensata Technologies Holding plc will post 3.57 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Wednesday, August 14th. Sensata Technologies's dividend payout ratio is -436.32%.

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.