American Century Companies Inc. Cuts Stock Position in Sensata Technologies Holding plc (NYSE:ST)

American Century Companies Inc. reduced its position in Sensata Technologies Holding plc (NYSE:ST) by 16.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,022,837 shares of the scientific and technical instruments company’s stock after selling 201,381 shares during the quarter. American Century Companies Inc. owned 0.68% of Sensata Technologies worth $38,244,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ST. Charles Schwab Investment Management Inc. lifted its stake in shares of Sensata Technologies by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 985,988 shares of the scientific and technical instruments company’s stock valued at $37,044,000 after acquiring an additional 31,274 shares during the last quarter. Principal Securities Inc. bought a new stake in shares of Sensata Technologies in the 4th quarter valued at about $29,000. Teacher Retirement System of Texas lifted its stake in shares of Sensata Technologies by 83.3% in the 4th quarter. Teacher Retirement System of Texas now owns 21,623 shares of the scientific and technical instruments company’s stock valued at $812,000 after acquiring an additional 9,827 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Sensata Technologies by 51.6% in the 4th quarter. BNP Paribas Financial Markets now owns 104,628 shares of the scientific and technical instruments company’s stock valued at $3,931,000 after acquiring an additional 35,632 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of Sensata Technologies in the 4th quarter valued at about $636,000. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ST shares. Wolfe Research started coverage on Sensata Technologies in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. Bank of America lowered their price target on Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating for the company in a research report on Tuesday, July 30th. Oppenheimer lowered their price target on Sensata Technologies from $50.00 to $47.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Truist Financial lowered their price target on Sensata Technologies from $46.00 to $38.00 and set a “hold” rating for the company in a research report on Tuesday, July 30th. Finally, Vertical Research began coverage on Sensata Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $55.00 target price for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $44.10.

Sensata Technologies Stock Performance

Shares of ST opened at $35.73 on Wednesday. The business’s fifty day simple moving average is $37.39 and its two-hundred day simple moving average is $37.71. The company has a current ratio of 1.77, a quick ratio of 1.31 and a debt-to-equity ratio of 1.06. Sensata Technologies Holding plc has a 12 month low of $30.56 and a 12 month high of $43.14. The company has a market cap of $5.38 billion, a price-to-earnings ratio of -324.82, a P/E/G ratio of 1.23 and a beta of 1.26.

Sensata Technologies (NYSE:ST) last issued its earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.93 EPS for the quarter, meeting the consensus estimate of $0.93. Sensata Technologies had a return on equity of 17.57% and a net margin of 0.21%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the business posted $0.97 EPS. The company’s revenue was down 2.5% compared to the same quarter last year. Research analysts anticipate that Sensata Technologies Holding plc will post 3.57 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.34%. Sensata Technologies’s dividend payout ratio (DPR) is currently -436.36%.

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.