Olstein Capital Management L.P. Purchases 29,000 Shares of Sensata Technologies Holding plc (NYSE:ST)

Olstein Capital Management L.P. increased its holdings in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) by 8.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 371,000 shares of the scientific and technical instruments company's stock after buying an additional 29,000 shares during the period. Sensata Technologies comprises approximately 2.3% of Olstein Capital Management L.P.'s investment portfolio, making the stock its 2nd largest holding. Olstein Capital Management L.P. owned approximately 0.25% of Sensata Technologies worth $13,304,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in ST. Millennium Management LLC raised its holdings in shares of Sensata Technologies by 84.8% during the second quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company's stock valued at $189,158,000 after acquiring an additional 2,321,782 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Sensata Technologies by 2,624.2% in the 1st 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 purchasing an additional 884,381 shares in the last quarter. Eminence Capital LP boosted its stake in 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 during the last quarter. Capitolis Liquid Global Markets LLC purchased a new stake in shares of Sensata Technologies during the first quarter worth $28,969,000. Finally, Victory Capital Management Inc. raised its position in shares of Sensata Technologies by 64.5% in the second 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 buying an additional 727,521 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ST. Wolfe Research assumed coverage on shares of Sensata Technologies in a research report on Thursday, September 5th. They set a "peer perform" rating on the stock. UBS Group dropped their price target on Sensata Technologies from $44.00 to $39.00 and set a "buy" rating for the company in a research report on Wednesday. JPMorgan Chase & Co. reduced their price objective on Sensata Technologies from $34.00 to $32.00 and set an "underweight" rating on the stock in a research report on Tuesday. Truist Financial dropped their target price on Sensata Technologies from $38.00 to $33.00 and set a "hold" rating for the company in a report on Tuesday. Finally, Oppenheimer reduced their price target on Sensata Technologies from $47.00 to $44.00 and set an "outperform" rating on the stock in a report on Tuesday. One equities 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 company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $41.00.

Sensata Technologies Trading Up 0.0 %

Shares of ST traded up $0.01 during trading on Thursday, reaching $33.47. 1,622,278 shares of the company traded hands, compared to its average volume of 1,865,129. The stock has a 50-day simple moving average of $35.44 and a 200-day simple moving average 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 Holding plc has a twelve month low of $30.56 and a twelve month high of $43.14. The stock has a market cap of $5.05 billion, a PE ratio of -61.96, a price-to-earnings-growth ratio of 1.33 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. Sensata Technologies had a positive return on equity of 17.63% and a negative net margin of 1.98%. The company had revenue of $982.80 million for the quarter, compared to analyst estimates of $983.93 million. During the same quarter in the previous year, the company earned $0.91 earnings per share. The firm's quarterly revenue was down 1.8% compared to the same quarter last year. On average, analysts anticipate that Sensata Technologies Holding plc will post 3.55 earnings per share for the current year.

Sensata Technologies Announces Dividend

The company 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 $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Wednesday, November 13th. Sensata Technologies's dividend payout ratio is currently -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.