Ontario Teachers Pension Plan Board Reduces Stock Holdings in Sensata Technologies Holding plc (NYSE:ST)

Ontario Teachers Pension Plan Board decreased its holdings in Sensata Technologies Holding plc (NYSE:ST - Free Report) by 57.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,174 shares of the scientific and technical instruments company's stock after selling 48,140 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Sensata Technologies were worth $1,297,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC boosted its holdings in Sensata Technologies by 84.8% in 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 during the period. Quadrature Capital Ltd bought a new position in Sensata Technologies in the 1st quarter valued at $1,054,000. Easterly Investment Partners LLC lifted its holdings in shares of Sensata Technologies by 3.7% during the 2nd quarter. Easterly Investment Partners LLC now owns 228,440 shares of the scientific and technical instruments company's stock worth $8,541,000 after acquiring an additional 8,088 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Sensata Technologies by 9.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,406,451 shares of the scientific and technical instruments company's stock worth $52,587,000 after acquiring an additional 122,795 shares during the last quarter. Finally, Sei Investments Co. raised its position in Sensata Technologies by 24.9% in the 2nd quarter. Sei Investments Co. now owns 458,457 shares of the scientific and technical instruments company's stock worth $17,142,000 after purchasing an additional 91,452 shares during the period. Hedge funds and other institutional investors own 99.42% of the company's stock.

Analysts Set New Price Targets

ST has been the topic of a number of analyst reports. Wolfe Research assumed coverage on shares of Sensata Technologies in a research report on Thursday, September 5th. They issued a "peer perform" rating on the stock. TD Cowen reduced their price target on shares of Sensata Technologies from $50.00 to $45.00 and set a "buy" rating on the stock in a research report on Wednesday, November 6th. Truist Financial dropped their price objective on shares of Sensata Technologies from $38.00 to $33.00 and set a "hold" rating on the stock in a research note on Tuesday, November 5th. Stifel Nicolaus dropped their target price on shares of Sensata Technologies from $43.00 to $38.00 and set a "hold" rating on the stock in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Sensata Technologies from $34.00 to $32.00 and set an "underweight" rating for the company in a 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $41.00.

Sensata Technologies Stock Up 0.7 %

Shares of NYSE:ST traded up $0.20 during trading on Thursday, reaching $30.92. The stock had a trading volume of 128,467 shares, compared to its average volume of 1,837,083. Sensata Technologies Holding plc has a one year low of $30.43 and a one year high of $43.14. The company has a market capitalization of $4.62 billion, a P/E ratio of -56.91, a PEG ratio of 0.90 and a beta of 1.25. The company has a current ratio of 2.60, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The firm's 50-day simple moving average is $34.61 and its 200 day simple moving average is $37.36.

Sensata Technologies (NYSE:ST - Get Free Report) last released its earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 EPS for the quarter, hitting analysts' consensus estimates of $0.86. The company had revenue of $982.80 million during the quarter, compared to analysts' expectations of $983.93 million. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. Sensata Technologies's revenue for the quarter was down 1.8% on a year-over-year basis. During the same period last year, the business earned $0.91 EPS. As a group, research analysts expect that Sensata Technologies Holding plc will post 3.43 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.55%. The ex-dividend date is Wednesday, November 13th. Sensata Technologies's dividend payout ratio is presently -88.89%.

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.