American International Group Inc. Trims Holdings in Sensata Technologies Holding plc (NYSE:ST)

American International Group Inc. reduced its position in Sensata Technologies Holding plc (NYSE:ST) by 4.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 204,441 shares of the scientific and technical instruments company’s stock after selling 10,293 shares during the quarter. American International Group Inc. owned about 0.14% of Sensata Technologies worth $7,681,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of ST. Janney Montgomery Scott LLC increased its stake in Sensata Technologies by 27.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 18,126 shares of the scientific and technical instruments company’s stock valued at $686,000 after buying an additional 3,955 shares during the period. Pathstone Family Office LLC acquired a new position in Sensata Technologies in the 3rd quarter valued at $295,000. Citigroup Inc. increased its stake in Sensata Technologies by 9.0% in the 3rd quarter. Citigroup Inc. now owns 65,851 shares of the scientific and technical instruments company’s stock valued at $2,490,000 after buying an additional 5,421 shares during the period. Rhumbline Advisers grew its stake in shares of Sensata Technologies by 202.1% during the 3rd quarter. Rhumbline Advisers now owns 402,168 shares of the scientific and technical instruments company’s stock worth $15,210,000 after purchasing an additional 269,039 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in shares of Sensata Technologies by 100.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 35,193 shares of the scientific and technical instruments company’s stock worth $1,331,000 after purchasing an additional 17,641 shares during the period. 99.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ST has been the topic of a number of recent analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $36.00 price target (down from $44.00) on shares of Sensata Technologies in a research note on Tuesday, April 9th. Robert W. Baird upped their price target on shares of Sensata Technologies from $37.00 to $47.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 30th. Truist Financial upped their price target on shares of Sensata Technologies from $36.00 to $46.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Stifel Nicolaus upped their price target on shares of Sensata Technologies from $36.00 to $43.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Finally, Evercore ISI raised shares of Sensata Technologies from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $44.00 to $60.00 in a research note on Monday, May 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $43.78.

Insider Buying and Selling at Sensata Technologies

In related news, Director Ali John Mirshekari acquired 73,137 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were acquired at an average cost of $39.17 per share, for a total transaction of $2,864,776.29. Following the acquisition, the director now directly owns 73,137 shares in the company, valued at approximately $2,864,776.29. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by insiders.

Sensata Technologies Price Performance

NYSE:ST opened at $38.73 on Thursday. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of -352.06, a price-to-earnings-growth ratio of 1.12 and a beta of 1.30. The company has a current ratio of 2.64, a quick ratio of 1.74 and a debt-to-equity ratio of 1.14. The company’s 50-day moving average is $39.10 and its two-hundred day moving average is $36.60. Sensata Technologies Holding plc has a 12-month low of $30.56 and a 12-month high of $47.41.

Sensata Technologies (NYSE:ST) last released its earnings results on Monday, April 29th. The scientific and technical instruments company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.03. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $986.51 million. Sensata Technologies had a negative net margin of 0.35% and a positive return on equity of 17.58%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 EPS. Research analysts expect that Sensata Technologies Holding plc will post 3.75 EPS for the current year.

Sensata Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were issued a $0.12 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.24%. Sensata Technologies’s dividend payout ratio (DPR) is -436.32%.

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.