Sensata Technologies Holding plc (NYSE:ST) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC raised its holdings in Sensata Technologies Holding plc (NYSE:ST - Free Report) by 54.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 753,600 shares of the scientific and technical instruments company's stock after purchasing an additional 264,400 shares during the period. Renaissance Technologies LLC owned 0.50% of Sensata Technologies worth $20,649,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Invesco Ltd. raised its position in Sensata Technologies by 19.4% in the fourth quarter. Invesco Ltd. now owns 326,180 shares of the scientific and technical instruments company's stock worth $8,937,000 after acquiring an additional 53,034 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Sensata Technologies by 16.1% during the 4th quarter. Bank of Montreal Can now owns 157,534 shares of the scientific and technical instruments company's stock worth $4,316,000 after purchasing an additional 21,842 shares during the last quarter. Federated Hermes Inc. lifted its holdings in Sensata Technologies by 21.6% in the 4th quarter. Federated Hermes Inc. now owns 19,733 shares of the scientific and technical instruments company's stock worth $541,000 after purchasing an additional 3,506 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Sensata Technologies during the fourth quarter valued at about $292,000. Finally, Cullen Capital Management LLC raised its position in shares of Sensata Technologies by 1.9% during the fourth quarter. Cullen Capital Management LLC now owns 31,111 shares of the scientific and technical instruments company's stock valued at $852,000 after buying an additional 590 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company's stock.

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Analysts Set New Price Targets

A number of research firms recently weighed in on ST. Robert W. Baird dropped their price target on Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday. The Goldman Sachs Group raised shares of Sensata Technologies from a "neutral" rating to a "buy" rating and decreased their target price for the company from $31.00 to $27.00 in a research note on Thursday, April 10th. Oppenheimer decreased their target price on Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. UBS Group cut their price target on Sensata Technologies from $37.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Evercore ISI downgraded shares of Sensata Technologies from an "outperform" rating to an "inline" rating and reduced their price target for the company from $40.00 to $27.00 in a research note on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Sensata Technologies currently has a consensus rating of "Hold" and an average target price of $35.55.

Sensata Technologies Stock Performance

Shares of NYSE:ST traded down $0.57 during mid-day trading on Wednesday, reaching $19.18. 1,394,764 shares of the company traded hands, compared to its average volume of 1,796,745. The company's 50 day moving average price is $25.83 and its 200-day moving average price is $29.25. Sensata Technologies Holding plc has a 52 week low of $17.32 and a 52 week high of $43.14. The firm has a market cap of $2.87 billion, a PE ratio of 22.83, a PEG ratio of 1.25 and a beta of 1.12. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.85 and a quick ratio of 1.99.

Sensata Technologies (NYSE:ST - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 EPS for the quarter, hitting the consensus estimate of $0.76. Sensata Technologies had a return on equity of 17.54% and a net margin of 3.27%. On average, equities analysts expect that Sensata Technologies Holding plc will post 3.21 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend was Wednesday, February 12th. Sensata Technologies's dividend payout ratio is currently 57.14%.

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.