Quadrature Capital Ltd Sells 77,226 Shares of Sensata Technologies Holding plc (NYSE:ST)

Quadrature Capital Ltd lowered its position in Sensata Technologies Holding plc (NYSE:ST - Free Report) by 91.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,600 shares of the scientific and technical instruments company's stock after selling 77,226 shares during the quarter. Quadrature Capital Ltd's holdings in Sensata Technologies were worth $272,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ST. CWM LLC lifted its stake in Sensata Technologies by 143.6% in the second quarter. CWM LLC now owns 8,847 shares of the scientific and technical instruments company's stock valued at $331,000 after acquiring an additional 5,215 shares during the last quarter. NorthCrest Asset Manangement LLC raised its position in shares of Sensata Technologies by 5.9% in the second quarter. NorthCrest Asset Manangement LLC now owns 12,966 shares of the scientific and technical instruments company's stock valued at $485,000 after purchasing an additional 720 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in shares of Sensata Technologies in the second quarter valued at about $469,000. Coronation Fund Managers Ltd. raised its position in shares of Sensata Technologies by 4.6% in the second quarter. Coronation Fund Managers Ltd. now owns 180,008 shares of the scientific and technical instruments company's stock valued at $6,730,000 after purchasing an additional 7,915 shares during the period. Finally, Raymond James & Associates raised its position in shares of Sensata Technologies by 98.5% in the second quarter. Raymond James & Associates now owns 78,163 shares of the scientific and technical instruments company's stock valued at $2,923,000 after purchasing an additional 38,795 shares during the period. Institutional investors and hedge funds own 99.42% of the company's stock.

Sensata Technologies Price Performance

Shares of ST traded down $0.37 during mid-day trading on Wednesday, reaching $30.60. The company had a trading volume of 712,731 shares, compared to its average volume of 1,839,393. The company's 50 day simple moving average is $33.62 and its 200 day simple moving average is $36.36. Sensata Technologies Holding plc has a 1-year low of $30.05 and a 1-year high of $43.14. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.60. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of -57.33, a P/E/G ratio of 0.89 and a beta of 1.22.

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

Sensata Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, November 13th. This represents a $0.48 annualized dividend and a yield of 1.57%. Sensata Technologies's dividend payout ratio is presently -88.89%.

Analysts Set New Price Targets

A number of equities analysts recently commented on ST shares. The Goldman Sachs Group lowered their price target on shares of Sensata Technologies from $41.00 to $39.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 1st. UBS Group lowered their price target on shares of Sensata Technologies from $44.00 to $39.00 and set a "buy" rating on the stock in a research report on Wednesday, November 6th. Truist Financial lowered their price target on shares of Sensata Technologies from $38.00 to $33.00 and set a "hold" rating on the stock in a research report on Tuesday, November 5th. Oppenheimer lowered their price target on shares of Sensata Technologies from $47.00 to $44.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 5th. Finally, 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $41.00.

About Sensata Technologies

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.