Sanctuary Advisors LLC Sells 17,909 Shares of Sensata Technologies Holding plc (NYSE:ST)

Sanctuary Advisors LLC cut its holdings in shares of Sensata Technologies Holding plc (NYSE:ST) by 65.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,456 shares of the scientific and technical instruments company’s stock after selling 17,909 shares during the quarter. Sanctuary Advisors LLC’s holdings in Sensata Technologies were worth $339,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ST. State Street Corp increased its position in shares of Sensata Technologies by 0.4% during the 3rd quarter. State Street Corp now owns 5,470,903 shares of the scientific and technical instruments company’s stock worth $196,187,000 after purchasing an additional 23,946 shares during the last quarter. Millennium Management LLC grew its stake in shares of Sensata Technologies by 84.8% in the second quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company’s stock valued at $189,158,000 after buying an additional 2,321,782 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Sensata Technologies by 9.6% during the second quarter. Bank of New York Mellon Corp now owns 1,406,451 shares of the scientific and technical instruments company’s stock worth $52,587,000 after buying an additional 122,795 shares during the last quarter. Sei Investments Co. increased its stake in shares of Sensata Technologies by 24.9% during the 2nd quarter. Sei Investments Co. now owns 458,457 shares of the scientific and technical instruments company’s stock worth $17,142,000 after purchasing an additional 91,452 shares during the last quarter. Finally, Loomis Sayles & Co. L P bought a new stake in shares of Sensata Technologies in the 3rd quarter valued at about $9,791,000. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. UBS Group reduced their price target on Sensata Technologies from $44.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Oppenheimer dropped their price objective on shares of Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. JPMorgan Chase & Co. reduced their target price on shares of Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating for the company in a report on Tuesday, November 5th. Truist Financial decreased their price target on shares of Sensata Technologies from $38.00 to $33.00 and set a “hold” rating on the stock in a research note on Tuesday, November 5th. Finally, TD Cowen reduced their price objective on Sensata Technologies from $50.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $41.00.

Sensata Technologies Stock Performance

Sensata Technologies stock opened at $27.38 on Friday. Sensata Technologies Holding plc has a 1 year low of $27.12 and a 1 year high of $43.14. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.60 and a quick ratio of 1.76. The company has a market capitalization of $4.10 billion, a P/E ratio of -50.70, a P/E/G ratio of 0.89 and a beta of 1.22. The business has a 50 day moving average of $31.74 and a 200-day moving average of $35.26.

Sensata Technologies (NYSE:ST) last released its quarterly earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.86. The firm had revenue of $982.80 million during the quarter, compared to analyst estimates of $983.93 million. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. The company’s revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.91 EPS. On average, equities research analysts predict that Sensata Technologies Holding plc will post 3.43 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.75%. Sensata Technologies’s dividend payout ratio is presently -88.89%.

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.