Parametrica Management Ltd Acquires New Shares in Sensata Technologies Holding plc (NYSE:ST)

Parametrica Management Ltd purchased a new stake in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 21,497 shares of the scientific and technical instruments company's stock, valued at approximately $771,000. Sensata Technologies accounts for about 0.9% of Parametrica Management Ltd's holdings, making the stock its 24th largest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of ST. Envestnet Portfolio Solutions Inc. raised its holdings in Sensata Technologies by 8.9% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 14,366 shares of the scientific and technical instruments company's stock valued at $528,000 after buying an additional 1,174 shares during the period. Empowered Funds LLC purchased a new stake in Sensata Technologies in the first quarter worth $258,000. Illinois Municipal Retirement Fund increased its stake in Sensata Technologies by 141.5% in the first quarter. Illinois Municipal Retirement Fund now owns 30,308 shares of the scientific and technical instruments company's stock worth $1,114,000 after purchasing an additional 17,757 shares during the period. Sei Investments Co. increased its stake in Sensata Technologies by 178.4% in the first quarter. Sei Investments Co. now owns 367,005 shares of the scientific and technical instruments company's stock worth $13,484,000 after purchasing an additional 235,170 shares during the period. Finally, Headlands Technologies LLC increased its stake in Sensata Technologies by 29.9% in the first quarter. Headlands Technologies LLC now owns 5,355 shares of the scientific and technical instruments company's stock worth $197,000 after purchasing an additional 1,233 shares during the period. Hedge funds and other institutional investors own 99.42% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on ST shares. Truist Financial reduced their target price on Sensata Technologies from $38.00 to $33.00 and set a "hold" rating on the stock in a research note on Tuesday, November 5th. UBS Group reduced their target price 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. Bank of America dropped their price target 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. Wolfe Research initiated coverage on Sensata Technologies in a research report on Thursday, September 5th. They set a "peer perform" rating on the stock. Finally, Robert W. Baird dropped their price target on Sensata Technologies from $40.00 to $36.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Sensata Technologies has a consensus rating of "Hold" and a consensus target price of $41.00.

Sensata Technologies Trading Down 0.2 %

NYSE:ST traded down $0.06 on Wednesday, reaching $32.67. The company's stock had a trading volume of 1,231,329 shares, compared to its average volume of 1,852,720. The stock has a 50 day moving average price of $35.04 and a 200 day moving average price of $37.64. The company has a quick ratio of 1.76, a current ratio of 2.60 and a debt-to-equity ratio of 1.08. Sensata Technologies Holding plc has a 12-month low of $31.18 and a 12-month high of $43.14. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of -60.68, a price-to-earnings-growth ratio of 0.96 and a beta of 1.25.

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

Sensata Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Wednesday, November 13th. Sensata Technologies's dividend payout ratio is presently -88.89%.

Sensata Technologies 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.