State of New Jersey Common Pension Fund D Sells 27,371 Shares of Sensata Technologies Holding plc (NYSE:ST)

State of New Jersey Common Pension Fund D decreased its holdings in shares of Sensata Technologies Holding plc (NYSE:ST) by 32.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,170 shares of the scientific and technical instruments company’s stock after selling 27,371 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Sensata Technologies were worth $2,138,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Foundry Partners LLC boosted its stake in Sensata Technologies by 11.8% during the 1st quarter. Foundry Partners LLC now owns 120,206 shares of the scientific and technical instruments company’s stock worth $4,416,000 after acquiring an additional 12,708 shares during the last quarter. Sei Investments Co. boosted its position in shares of Sensata Technologies by 178.4% during the first quarter. Sei Investments Co. now owns 367,005 shares of the scientific and technical instruments company’s stock worth $13,484,000 after purchasing an additional 235,170 shares in the last quarter. Alaska Permanent Fund Corp grew its holdings in shares of Sensata Technologies by 320.9% in the 1st quarter. Alaska Permanent Fund Corp now owns 50,258 shares of the scientific and technical instruments company’s stock valued at $1,846,000 after buying an additional 38,318 shares during the period. Point72 Europe London LLP bought a new stake in shares of Sensata Technologies in the 4th quarter valued at $854,000. Finally, Hsbc Holdings PLC raised its stake in Sensata Technologies by 186.9% during the 4th quarter. Hsbc Holdings PLC now owns 110,510 shares of the scientific and technical instruments company’s stock worth $4,180,000 after buying an additional 71,994 shares during the period. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Sensata Technologies Price Performance

Shares of ST opened at $36.41 on Friday. The firm has a market capitalization of $5.50 billion, a PE ratio of -330.97, a PEG ratio of 1.38 and a beta of 1.26. 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 company’s 50-day moving average is $37.24 and its 200-day moving average is $37.68. Sensata Technologies Holding plc has a fifty-two week low of $30.56 and a fifty-two week high of $43.14.

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 the consensus estimate of $0.93. The company had revenue of $1.04 billion for 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%. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.97 earnings per share. Equities analysts forecast that Sensata Technologies Holding plc will post 3.57 EPS for the current year.

Sensata Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Investors 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 yield of 1.32%. The ex-dividend date was Wednesday, August 14th. Sensata Technologies’s dividend payout ratio is currently -436.32%.

Wall Street Analyst Weigh In

ST has been the topic of a number of research analyst reports. Bank of America dropped their price target on Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 30th. Oppenheimer dropped their target price on shares of Sensata Technologies from $50.00 to $47.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Wolfe Research started coverage on shares of Sensata Technologies in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Truist Financial dropped their price objective on shares of Sensata Technologies from $46.00 to $38.00 and set a “hold” rating on the stock in a report on Tuesday, July 30th. Finally, Vertical Research began coverage on shares of Sensata Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $55.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Sensata Technologies currently has an average rating of “Hold” and an average 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.