VeriStar Capital Management LP Sells 283,774 Shares of Sensata Technologies Holding plc (NYSE:ST)

VeriStar Capital Management LP decreased its stake in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) by 70.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 119,290 shares of the scientific and technical instruments company's stock after selling 283,774 shares during the quarter. Sensata Technologies comprises 5.5% of VeriStar Capital Management LP's holdings, making the stock its 10th largest position. VeriStar Capital Management LP owned 0.08% of Sensata Technologies worth $3,269,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its position in shares of Sensata Technologies by 738.7% during the 4th quarter. Blue Trust Inc. now owns 931 shares of the scientific and technical instruments company's stock valued at $26,000 after acquiring an additional 820 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Sensata Technologies in the 4th quarter valued at approximately $27,000. Venturi Wealth Management LLC grew its stake in shares of Sensata Technologies by 67.6% in 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 period. Parkside Financial Bank & Trust increased its holdings in shares of Sensata Technologies by 48.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,523 shares of the scientific and technical instruments company's stock worth $69,000 after buying an additional 820 shares during the last quarter. Finally, Headlands Technologies LLC raised its position in shares of Sensata Technologies by 524.8% during the 4th quarter. Headlands Technologies LLC now owns 2,768 shares of the scientific and technical instruments company's stock valued at $76,000 after buying an additional 2,325 shares during the period. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on ST. JPMorgan Chase & Co. reduced their target price on Sensata Technologies from $27.00 to $21.00 and set an "underweight" rating on the stock in a research report on Thursday, April 17th. Evercore ISI cut shares of Sensata Technologies from an "outperform" rating to an "inline" rating and decreased their target price for the company from $40.00 to $27.00 in a research report on Thursday, April 3rd. The Goldman Sachs Group upgraded shares of Sensata Technologies from a "neutral" rating to a "buy" rating and dropped their price target for the company from $31.00 to $27.00 in a research report on Thursday, April 10th. Wells Fargo & Company began coverage on shares of Sensata Technologies in a report on Friday. They issued an "equal weight" rating and a $20.00 target price for the company. Finally, UBS Group cut their target price on Sensata Technologies from $37.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $33.33.

Sensata Technologies Stock Performance

ST stock remained flat at $21.37 during mid-day trading on Tuesday. The company's stock had a trading volume of 1,085,035 shares, compared to its average volume of 1,806,962. The company has a fifty day moving average of $24.39 and a two-hundred day moving average of $28.26. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.85 and a quick ratio of 1.99. The company has a market cap of $3.20 billion, a P/E ratio of 25.44, a price-to-earnings-growth ratio of 1.25 and a beta of 1.12. Sensata Technologies Holding plc has a 52 week low of $17.32 and a 52 week 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 earnings per share (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, analysts predict that Sensata Technologies Holding plc will post 3.21 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Wednesday, May 14th. Sensata Technologies's dividend payout ratio (DPR) is 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.