D. E. Shaw & Co. Inc. Acquires 245,670 Shares of Sensata Technologies Holding plc (NYSE:ST)

D. E. Shaw & Co. Inc. raised its holdings in Sensata Technologies Holding plc (NYSE:ST) by 58.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 668,622 shares of the scientific and technical instruments company’s stock after purchasing an additional 245,670 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.44% of Sensata Technologies worth $25,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in ST. Dark Forest Capital Management LP purchased a new stake in shares of Sensata Technologies during the 2nd quarter worth approximately $632,000. EDENTREE ASSET MANAGEMENT Ltd lifted its stake in Sensata Technologies by 3.7% in the second quarter. EDENTREE ASSET MANAGEMENT Ltd now owns 172,690 shares of the scientific and technical instruments company’s stock valued at $6,455,000 after purchasing an additional 6,167 shares during the last quarter. Eminence Capital LP grew its holdings in Sensata Technologies by 31.8% during the second quarter. Eminence Capital LP now owns 3,423,317 shares of the scientific and technical instruments company’s stock valued at $127,998,000 after purchasing an additional 826,353 shares during the period. AXA S.A. purchased a new stake in Sensata Technologies in the second quarter worth $5,890,000. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Sensata Technologies in the second quarter valued at $385,000. 99.42% of the stock is owned by hedge funds and other institutional investors.

Sensata Technologies Price Performance

Shares of NYSE ST opened at $36.98 on Friday. The firm has a market capitalization of $5.58 billion, a P/E ratio of -336.15, a P/E/G ratio of 1.42 and a beta of 1.26. The company has a quick ratio of 1.31, a current ratio of 1.77 and a debt-to-equity ratio of 1.06. The stock’s 50-day simple moving average is $36.63 and its two-hundred day simple moving average is $37.73. Sensata Technologies Holding plc has a twelve month low of $30.56 and a twelve month high of $43.14.

Sensata Technologies (NYSE:ST) last announced its earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.93 earnings per share for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the firm posted $0.97 earnings per share. Sensata Technologies’s quarterly revenue was down 2.5% on a year-over-year basis. As a group, equities analysts anticipate 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. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.48 annualized dividend and a yield of 1.30%. Sensata Technologies’s dividend payout ratio (DPR) is presently -436.32%.

Wall Street Analysts Forecast Growth

ST has been the subject of several recent research reports. Bank of America decreased their price objective on Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. Truist Financial lowered 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. Oppenheimer cut their price objective on shares of Sensata Technologies from $50.00 to $47.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Wolfe Research started coverage on shares of Sensata Technologies in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. Finally, Vertical Research began coverage on Sensata Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $55.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Sensata Technologies currently has a consensus rating of “Hold” and an average price target 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.