Reinhart Partners LLC. Sells 21,197 Shares of Sensata Technologies Holding plc (NYSE:ST)

Reinhart Partners LLC. trimmed its stake in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) by 7.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 264,324 shares of the scientific and technical instruments company's stock after selling 21,197 shares during the quarter. Reinhart Partners LLC. owned about 0.18% of Sensata Technologies worth $9,479,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Millennium Management LLC raised its stake in shares of Sensata Technologies by 84.8% during the 2nd quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company's stock worth $189,158,000 after buying an additional 2,321,782 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Sensata Technologies by 2,624.2% in the first quarter. SG Americas Securities LLC now owns 918,082 shares of the scientific and technical instruments company's stock valued at $33,730,000 after acquiring an additional 884,381 shares during the period. Eminence Capital LP boosted its position in shares of Sensata Technologies by 31.8% during 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 purchasing an additional 826,353 shares in the last quarter. Capitolis Liquid Global Markets LLC acquired a new position in shares of Sensata Technologies during the 1st quarter worth $28,969,000. Finally, Victory Capital Management Inc. increased its holdings in shares of 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 valued at $69,350,000 after purchasing an additional 727,521 shares in the last quarter. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ST. Wolfe Research began coverage on Sensata Technologies in a research report on Thursday, September 5th. They issued a "peer perform" rating for the company. Truist Financial cut their target price on shares of Sensata Technologies from $46.00 to $38.00 and set a "hold" rating for the company in a research report on Tuesday, July 30th. The Goldman Sachs Group cut their price objective on 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. lowered their target price on Sensata Technologies from $35.00 to $34.00 and set an "underweight" rating on the stock in a report on Friday, October 4th. Finally, Oppenheimer cut their price target on Sensata Technologies from $50.00 to $47.00 and set an "outperform" rating for the company in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $44.40.

Sensata Technologies Stock Performance

ST traded up $0.74 during trading hours on Friday, hitting $35.96. 991,366 shares of the stock were exchanged, compared to its average volume of 1,915,776. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of -326.91, a price-to-earnings-growth ratio of 1.38 and a beta of 1.25. Sensata Technologies Holding plc has a 12 month low of $30.56 and a 12 month high of $43.14. The stock has a 50-day simple moving average of $36.09 and a 200-day simple moving average of $37.69. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.77 and a quick ratio of 1.31.

Sensata Technologies (NYSE:ST - Get Free Report) last announced its quarterly earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.93. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.04 billion. Sensata Technologies had a return on equity of 17.57% and a net margin of 0.21%. The business's revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the business posted $0.97 EPS. Analysts anticipate that Sensata Technologies Holding plc will post 3.56 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, August 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.33%. Sensata Technologies's dividend payout ratio (DPR) is -436.36%.

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.