Sensata Technologies (NYSE:ST) Reaches New 1-Year Low - Here's Why

Sensata Technologies Holding plc (NYSE:ST - Get Free Report)'s share price reached a new 52-week low during trading on Monday . The company traded as low as $30.01 and last traded at $30.54, with a volume of 57753 shares trading hands. The stock had previously closed at $30.37.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ST shares. JPMorgan Chase & Co. reduced their target price on Sensata Technologies from $34.00 to $32.00 and set an "underweight" rating for the company in a research note on Tuesday, November 5th. TD Cowen reduced their price objective on Sensata Technologies from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Wednesday, November 6th. The Goldman Sachs Group dropped their target price on Sensata Technologies from $41.00 to $39.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 1st. Robert W. Baird reduced their price target on shares of Sensata Technologies from $40.00 to $36.00 and set a "neutral" rating for the company in a research report on Tuesday, November 5th. Finally, Wolfe Research began coverage on shares of Sensata Technologies in a research note on Thursday, September 5th. They set a "peer perform" rating for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $41.00.

Sensata Technologies Trading Down 0.4 %

The company has a current ratio of 2.60, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The company has a fifty day simple moving average of $33.17 and a 200-day simple moving average of $35.98. The company has a market capitalization of $4.52 billion, a PE ratio of -56.02, a PEG 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 the consensus estimate of $0.86. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. The business had revenue of $982.80 million during the quarter, compared to analysts' expectations of $983.93 million. During the same quarter in the prior year, the company posted $0.91 EPS. The business's revenue for the quarter was down 1.8% on a year-over-year basis. Analysts predict that Sensata Technologies Holding plc will post 3.43 EPS for the current year.

Sensata Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Wednesday, November 13th. Sensata Technologies's payout ratio is -88.89%.

Hedge Funds Weigh In On Sensata Technologies

Institutional investors have recently bought and sold shares of the company. State Street Corp grew its stake in shares of Sensata Technologies by 0.4% in the third quarter. State Street Corp now owns 5,470,903 shares of the scientific and technical instruments company's stock worth $196,187,000 after acquiring an additional 23,946 shares in the last quarter. Millennium Management LLC grew its stake in Sensata Technologies by 84.8% during the 2nd quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company's stock worth $189,158,000 after purchasing an additional 2,321,782 shares in the last quarter. Easterly Investment Partners LLC increased its holdings in Sensata Technologies by 3.7% during the 2nd quarter. Easterly Investment Partners LLC now owns 228,440 shares of the scientific and technical instruments company's stock worth $8,541,000 after purchasing an additional 8,088 shares during the period. Bank of New York Mellon Corp raised its position in Sensata Technologies by 9.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,406,451 shares of the scientific and technical instruments company's stock valued at $52,587,000 after purchasing an additional 122,795 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Sensata Technologies by 24.9% in the 2nd quarter. Sei Investments Co. now owns 458,457 shares of the scientific and technical instruments company's stock valued at $17,142,000 after buying an additional 91,452 shares during the period. 99.42% of the stock is owned by institutional investors and hedge funds.

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.