Victory Capital Management Inc. Buys 124,535 Shares of Sensata Technologies Holding plc (NYSE:ST)

Victory Capital Management Inc. lifted its position in Sensata Technologies Holding plc (NYSE:ST - Free Report) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,231,369 shares of the scientific and technical instruments company's stock after acquiring an additional 124,535 shares during the quarter. Victory Capital Management Inc. owned approximately 1.49% of Sensata Technologies worth $61,140,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Blue Trust Inc. grew its holdings in Sensata Technologies by 738.7% during the fourth quarter. Blue Trust Inc. now owns 931 shares of the scientific and technical instruments company's stock valued at $26,000 after purchasing an additional 820 shares during the period. Venturi Wealth Management LLC lifted its position in shares of Sensata Technologies by 67.6% during the 4th quarter. Venturi Wealth Management LLC now owns 2,026 shares of the scientific and technical instruments company's stock valued at $56,000 after buying an additional 817 shares during the last quarter. Quarry LP increased its holdings in Sensata Technologies by 61.2% in the 3rd quarter. Quarry LP now owns 1,714 shares of the scientific and technical instruments company's stock worth $61,000 after acquiring an additional 651 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in Sensata Technologies by 48.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,523 shares of the scientific and technical instruments company's stock valued at $69,000 after acquiring an additional 820 shares during the period. Finally, Assetmark Inc. lifted its holdings in Sensata Technologies by 19.0% during the third quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company's stock valued at $93,000 after purchasing an additional 416 shares during the last quarter. 99.42% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Oppenheimer reduced their target price on shares of Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Evercore ISI lowered their target price on shares of Sensata Technologies from $43.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, January 17th. UBS Group cut their price target on Sensata Technologies from $38.00 to $37.00 and set a "buy" rating for the company in a report on Wednesday, February 12th. Finally, The Goldman Sachs Group decreased their price objective on Sensata Technologies from $36.00 to $32.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Sensata Technologies has a consensus rating of "Hold" and a consensus price target of $39.08.

Sensata Technologies Price Performance

Shares of NYSE ST traded down $0.03 during midday trading on Monday, hitting $28.70. 264,385 shares of the company's stock were exchanged, compared to its average volume of 1,654,508. The business's fifty day moving average price is $27.95 and its two-hundred day moving average price is $31.67. The company has a market cap of $4.29 billion, a price-to-earnings ratio of 34.25, a PEG ratio of 1.25 and a beta of 1.20. The company has a current ratio of 2.85, a quick ratio of 1.99 and a debt-to-equity ratio of 1.11. Sensata Technologies Holding plc has a 12-month low of $24.91 and a 12-month high of $43.14.

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

Sensata Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date was Wednesday, February 12th. Sensata Technologies's payout ratio is currently 57.14%.

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.