Sensata Technologies Holding plc (NYSE:ST) Stake Decreased by Shapiro Capital Management LLC

Shapiro Capital Management LLC lessened its holdings in shares of Sensata Technologies Holding plc (NYSE:ST) by 5.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,118,174 shares of the scientific and technical instruments company’s stock after selling 246,251 shares during the period. Sensata Technologies accounts for approximately 4.7% of Shapiro Capital Management LLC’s investment portfolio, making the stock its 4th biggest position. Shapiro Capital Management LLC owned about 2.73% of Sensata Technologies worth $153,979,000 as of its most recent SEC filing.

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

Sensata Technologies Price Performance

Sensata Technologies stock opened at $35.63 on Tuesday. The stock 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. The company has a fifty day simple moving average of $37.02 and a 200-day simple moving average of $37.74. The company has a current ratio of 1.77, a quick ratio of 1.31 and a debt-to-equity ratio of 1.06. Sensata Technologies Holding plc has a 12-month low of $30.56 and a 12-month 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 earnings per share for the quarter, hitting the consensus estimate of $0.93. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations 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 was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.97 earnings per share. Equities analysts expect that Sensata Technologies Holding plc will post 3.57 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Wednesday, August 14th. Sensata Technologies’s payout ratio is -436.36%.

Analysts Set New Price Targets

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