17,632 Shares in Sensata Technologies Holding plc (NYSE:ST) Purchased by Aristeia Capital L.L.C.

Aristeia Capital L.L.C. bought a new stake in shares of Sensata Technologies Holding plc (NYSE:ST) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 17,632 shares of the scientific and technical instruments company’s stock, valued at approximately $659,000.

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Sensata Technologies by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 14,910,505 shares of the scientific and technical instruments company’s stock worth $560,188,000 after purchasing an additional 69,837 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Sensata Technologies by 16.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,643,665 shares of the scientific and technical instruments company’s stock valued at $173,627,000 after acquiring an additional 658,728 shares during the period. Kodai Capital Management LP bought a new position in Sensata Technologies during the 4th quarter worth approximately $133,156,000. Schroder Investment Management Group grew its holdings in Sensata Technologies by 1.1% during the fourth quarter. Schroder Investment Management Group now owns 2,983,414 shares of the scientific and technical instruments company’s stock valued at $112,087,000 after purchasing an additional 31,352 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Sensata Technologies by 64.5% in the second quarter. Victory Capital Management Inc. now owns 1,854,773 shares of the scientific and technical instruments company’s stock valued at $69,350,000 after purchasing an additional 727,521 shares in the last quarter. Institutional investors own 99.42% of the company’s stock.

Sensata Technologies Trading Up 0.8 %

NYSE:ST opened at $35.63 on Tuesday. The company has a market cap of $5.36 billion, a P/E ratio of -323.91, a price-to-earnings-growth ratio of 1.38 and a beta of 1.26. Sensata Technologies Holding plc has a twelve month low of $30.56 and a twelve month high of $43.14. The business has a 50 day moving average price of $37.02 and a two-hundred day moving average price of $37.74. The company has a quick ratio of 1.31, a current ratio of 1.77 and a debt-to-equity ratio of 1.06.

Sensata Technologies (NYSE:ST) last announced its earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.93 EPS for the quarter, hitting the consensus estimate of $0.93. Sensata Technologies had a net margin of 0.21% and a return on equity of 17.57%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the prior year, the company posted $0.97 earnings per share. The firm’s revenue was down 2.5% on a year-over-year basis. As a group, analysts expect 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. Investors of record on Wednesday, August 14th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Wednesday, August 14th. Sensata Technologies’s dividend payout ratio is currently -436.36%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ST. Bank of America decreased their price target 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. Vertical Research initiated coverage on Sensata Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $55.00 target price for the company. 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 report on Tuesday, July 30th. Oppenheimer cut their price objective on Sensata Technologies from $50.00 to $47.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Finally, Wolfe Research started coverage on Sensata Technologies in a research note on Thursday, September 5th. They set a “peer perform” rating for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $44.10.

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.