Victory Capital Management Inc. Grows Stake in Sensata Technologies Holding plc (NYSE:ST)

Victory Capital Management Inc. grew its position in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) by 13.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,106,834 shares of the scientific and technical instruments company's stock after acquiring an additional 252,061 shares during the period. Victory Capital Management Inc. owned about 1.40% of Sensata Technologies worth $75,551,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. GAMMA Investing LLC grew its holdings in Sensata Technologies by 399.0% in the second quarter. GAMMA Investing LLC now owns 968 shares of the scientific and technical instruments company's stock worth $36,000 after purchasing an additional 774 shares during the period. Versant Capital Management Inc bought a new position in Sensata Technologies during the second quarter valued at approximately $37,000. Quarry LP boosted its stake in shares of Sensata Technologies by 227.1% in the 2nd quarter. Quarry LP now owns 1,063 shares of the scientific and technical instruments company's stock worth $40,000 after buying an additional 738 shares during the last quarter. SageView Advisory Group LLC purchased a new position in Sensata Technologies in the first quarter worth about $85,000. Finally, Assetmark Inc. grew its position 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 buying an additional 416 shares during the period. Hedge funds and other institutional investors own 99.42% of the company's stock.

Sensata Technologies Stock Down 0.2 %

Shares of NYSE:ST traded down $0.05 during trading on Thursday, reaching $32.62. The stock had a trading volume of 1,407,223 shares, compared to its average volume of 1,850,704. Sensata Technologies Holding plc has a one year low of $31.18 and a one year high of $43.14. The firm's 50-day simple moving average is $34.97 and its 200 day simple moving average is $37.60. 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 market capitalization of $4.88 billion, a P/E ratio of -61.28, a PEG ratio of 0.96 and a beta of 1.25.

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

Sensata Technologies Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Wednesday, November 13th. This represents a $0.48 annualized dividend and a yield of 1.47%. Sensata Technologies's dividend payout ratio is presently -88.89%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ST shares. Bank of America reduced their target price on shares of Sensata Technologies from $44.00 to $41.00 and set a "neutral" rating for the company in a report on Tuesday, July 30th. Oppenheimer decreased 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 note on Tuesday, November 5th. TD Cowen lowered 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. Vertical Research initiated coverage on shares of Sensata Technologies in a research note on Tuesday, July 23rd. They set a "buy" rating and a $55.00 price target for the company. Finally, Evercore ISI cut their price objective on Sensata Technologies from $60.00 to $50.00 and set an "outperform" rating on the stock in a research report on Tuesday, October 15th. One 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. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $41.00.

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.