Harvey Investment Co. LLC lowered its holdings in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) by 19.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,821 shares of the scientific and technical instruments company's stock after selling 20,400 shares during the period. Harvey Investment Co. LLC owned approximately 0.06% of Sensata Technologies worth $3,078,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of ST. Gateway Investment Advisers LLC bought a new position in shares of Sensata Technologies during the first quarter valued at $254,000. State of Michigan Retirement System raised its holdings in Sensata Technologies by 2.5% in the first quarter. State of Michigan Retirement System now owns 37,200 shares of the scientific and technical instruments company's stock worth $1,367,000 after buying an additional 900 shares during the last quarter. Olstein Capital Management L.P. lifted its stake in shares of Sensata Technologies by 10.6% in the first quarter. Olstein Capital Management L.P. now owns 377,000 shares of the scientific and technical instruments company's stock worth $13,851,000 after buying an additional 36,000 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Sensata Technologies by 2.6% during the first quarter. Principal Financial Group Inc. now owns 569,859 shares of the scientific and technical instruments company's stock valued at $20,937,000 after buying an additional 14,205 shares during the last quarter. Finally, Retirement Systems of Alabama increased its position in shares of Sensata Technologies by 0.3% during the first quarter. Retirement Systems of Alabama now owns 190,063 shares of the scientific and technical instruments company's stock valued at $6,983,000 after acquiring an additional 498 shares in the last quarter. Hedge funds and other institutional investors own 99.42% of the company's stock.
Analysts Set New Price Targets
Several brokerages have commented on ST. Evercore ISI cut their target price on Sensata Technologies from $60.00 to $50.00 and set an "outperform" rating on the stock in a research note on Tuesday, October 15th. Wolfe Research began coverage on shares of Sensata Technologies in a research report on Thursday, September 5th. They set a "peer perform" rating on the stock. 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. Vertical Research assumed coverage on Sensata Technologies in a research report on Tuesday, July 23rd. They set a "buy" rating and a $55.00 price objective for the company. Finally, Bank of America dropped their target price on Sensata Technologies from $44.00 to $41.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $43.40.
View Our Latest Report on Sensata Technologies
Sensata Technologies Price Performance
NYSE:ST traded up $0.07 during trading hours on Thursday, hitting $34.95. 1,215,719 shares of the stock traded hands, compared to its average volume of 1,879,627. The company has a market cap of $5.28 billion, a price-to-earnings ratio of 873.97, a price-to-earnings-growth ratio of 1.39 and a beta of 1.25. Sensata Technologies Holding plc has a 1 year low of $30.56 and a 1 year high of $43.14. The stock has a 50 day moving average price of $36.03 and a 200 day moving average price of $37.65. The company has a quick ratio of 1.31, a current ratio of 1.77 and a debt-to-equity ratio of 1.06.
Sensata Technologies (NYSE:ST - Get Free Report) last released its earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.93 earnings per share for the quarter, meeting analysts' consensus estimates of $0.93. Sensata Technologies had a net margin of 0.21% and a return on equity of 17.57%. The company had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.04 billion. Sensata Technologies's revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.97 EPS. Sell-side analysts forecast that Sensata Technologies Holding plc will post 3.55 EPS for the current fiscal year.
About Sensata Technologies
(
Free Report)
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.
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