Barclays PLC Acquires 10,107 Shares of Sensata Technologies Holding plc (NYSE:ST)

Barclays PLC boosted its stake in Sensata Technologies Holding plc (NYSE:ST) by 14.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,759 shares of the scientific and technical instruments company’s stock after acquiring an additional 10,107 shares during the period. Barclays PLC owned 0.05% of Sensata Technologies worth $2,788,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ST. Quarry LP grew its holdings in shares of Sensata Technologies by 227.1% during the 2nd quarter. Quarry LP now owns 1,063 shares of the scientific and technical instruments company’s stock worth $40,000 after acquiring an additional 738 shares during the period. Assetmark Inc. grew its stake in Sensata Technologies by 19.0% in the third quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company’s stock worth $93,000 after purchasing an additional 416 shares during the period. nVerses Capital LLC bought a new position in Sensata Technologies in the second quarter worth $131,000. Canada Pension Plan Investment Board purchased a new position in Sensata Technologies during the second quarter valued at $142,000. Finally, Capstone Investment Advisors LLC bought a new stake in shares of Sensata Technologies during the 3rd quarter valued at $237,000. 99.42% of the stock is owned by hedge funds and other institutional investors.

Sensata Technologies Stock Performance

Shares of ST stock opened at $27.40 on Wednesday. The firm has a market capitalization of $4.10 billion, a PE ratio of -50.74, a P/E/G ratio of 0.89 and a beta of 1.22. The company has a 50 day moving average price of $32.41 and a 200-day moving average price of $35.54. Sensata Technologies Holding plc has a 52 week low of $27.12 and a 52 week high of $43.14. The company has a quick ratio of 1.76, a current ratio of 2.60 and a debt-to-equity ratio of 1.08.

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

Sensata Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Wednesday, November 13th. Sensata Technologies’s payout ratio is currently -88.89%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Robert W. Baird decreased their price target on shares of Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Oppenheimer decreased their target price on shares of Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. Evercore ISI dropped their price target on Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 15th. UBS Group reduced their price objective on Sensata Technologies from $44.00 to $39.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus dropped their target price on Sensata Technologies from $43.00 to $38.00 and set a “hold” rating on the stock in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $41.00.

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.