Sensata Technologies Holding plc (NYSE:ST) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund trimmed its stake in shares of Sensata Technologies Holding plc (NYSE:ST) by 47.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 158,986 shares of the scientific and technical instruments company’s stock after selling 141,500 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned about 0.11% of Sensata Technologies worth $5,944,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ST. GAMMA Investing LLC grew its holdings in Sensata Technologies by 399.0% during the second quarter. GAMMA Investing LLC now owns 968 shares of the scientific and technical instruments company’s stock worth $36,000 after acquiring an additional 774 shares during the period. Versant Capital Management Inc acquired a new stake in Sensata Technologies in the second quarter valued at approximately $37,000. Quarry LP grew its holdings in Sensata Technologies by 227.1% in the second quarter. Quarry LP now owns 1,063 shares of the scientific and technical instruments company’s stock valued at $40,000 after purchasing an additional 738 shares during the period. SageView Advisory Group LLC acquired a new stake in Sensata Technologies in the first quarter valued at approximately $85,000. Finally, First Horizon Advisors Inc. grew its holdings in Sensata Technologies by 57.9% in the second quarter. First Horizon Advisors Inc. now owns 2,529 shares of the scientific and technical instruments company’s stock valued at $95,000 after purchasing an additional 927 shares during the period. 99.42% of the stock is owned by institutional investors and hedge funds.

Sensata Technologies Stock Performance

Shares of Sensata Technologies stock opened at $34.90 on Friday. Sensata Technologies Holding plc has a one year low of $30.56 and a one year high of $43.14. The company has a current ratio of 1.77, a quick ratio of 1.31 and a debt-to-equity ratio of 1.06. The business’s 50 day moving average price is $36.32 and its 200 day moving average price is $37.71.

Sensata Technologies (NYSE:ST) last posted its 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. Sensata Technologies had a return on equity of 17.57% and a net margin of 0.21%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the business earned $0.97 earnings per share. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. As a group, research analysts forecast 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 disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.48 annualized dividend and a dividend yield of 1.38%. Sensata Technologies’s dividend payout ratio is presently -436.32%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Wolfe Research started coverage on Sensata Technologies in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Vertical Research started coverage on Sensata Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $55.00 price target on the stock. Bank of America lowered their price target on Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 30th. Oppenheimer lowered their price target on Sensata Technologies from $50.00 to $47.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Finally, Truist Financial lowered their price target on Sensata Technologies from $46.00 to $38.00 and set a “hold” rating on the stock in a research note on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $44.40.

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.