27,180 Shares in Sensata Technologies Holding plc (NYSE:ST) Purchased by Seven Eight Capital LP

Seven Eight Capital LP purchased a new stake in Sensata Technologies Holding plc (NYSE:ST) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 27,180 shares of the scientific and technical instruments company’s stock, valued at approximately $1,016,000.

Other institutional investors have also recently made changes to their positions in the company. Hsbc Holdings PLC acquired a new stake in Sensata Technologies during the second quarter worth approximately $5,660,000. Edgestream Partners L.P. acquired a new stake in shares of Sensata Technologies during the 2nd quarter worth $609,000. Moors & Cabot Inc. increased its position in shares of Sensata Technologies by 146.4% in the second quarter. Moors & Cabot Inc. now owns 14,979 shares of the scientific and technical instruments company’s stock worth $560,000 after purchasing an additional 8,900 shares during the period. Renaissance Technologies LLC acquired a new position in Sensata Technologies in the second quarter valued at about $3,821,000. Finally, Dimensional Fund Advisors LP lifted its position in Sensata Technologies by 16.5% during the second quarter. Dimensional Fund Advisors LP now owns 4,643,665 shares of the scientific and technical instruments company’s stock worth $173,627,000 after purchasing an additional 658,728 shares during the period. Institutional investors and hedge funds own 99.42% of the company’s stock.

Sensata Technologies Stock Performance

Shares of ST stock opened at $35.36 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.77 and a quick ratio of 1.31. The firm has a 50-day moving average of $37.13 and a 200-day moving average of $37.69. Sensata Technologies Holding plc has a one year low of $30.56 and a one year high of $43.14. The company has a market cap of $5.32 billion, a P/E ratio of -321.41, a P/E/G ratio of 1.38 and a beta of 1.26.

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

Sensata Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Wednesday, August 14th. Sensata Technologies’s dividend payout ratio is currently -436.36%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Truist Financial reduced their price target on shares of Sensata Technologies from $46.00 to $38.00 and set a “hold” rating on the stock in a research report on Tuesday, July 30th. 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 on the stock. Bank of America dropped 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 lowered their price objective on shares of Sensata Technologies from $50.00 to $47.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Finally, Wolfe Research began coverage on shares of Sensata Technologies in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $44.10.

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.