First Trust Advisors LP Sells 74,803 Shares of Sensata Technologies Holding plc (NYSE:ST)

First Trust Advisors LP cut its stake in Sensata Technologies Holding plc (NYSE:ST – Get Rating) by 29.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 181,022 shares of the scientific and technical instruments company’s stock after selling 74,803 shares during the quarter. First Trust Advisors LP owned 0.12% of Sensata Technologies worth $6,748,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Natixis Advisors L.P. increased its stake in shares of Sensata Technologies by 10.4% in the 2nd quarter. Natixis Advisors L.P. now owns 226,057 shares of the scientific and technical instruments company’s stock valued at $9,338,000 after acquiring an additional 21,297 shares during the last quarter. Goodman Financial Corp increased its stake in shares of Sensata Technologies by 18.0% in the 3rd quarter. Goodman Financial Corp now owns 207,885 shares of the scientific and technical instruments company’s stock valued at $7,750,000 after acquiring an additional 31,679 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of Sensata Technologies by 68.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 18,666 shares of the scientific and technical instruments company’s stock valued at $771,000 after acquiring an additional 7,574 shares during the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of Sensata Technologies by 3,066.7% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 138,891 shares of the scientific and technical instruments company’s stock valued at $5,178,000 after acquiring an additional 134,505 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Sensata Technologies by 9.2% in the 2nd quarter. Franklin Resources Inc. now owns 5,649,340 shares of the scientific and technical instruments company’s stock valued at $233,374,000 after acquiring an additional 476,320 shares during the last quarter. 97.82% of the stock is owned by institutional investors.

Sensata Technologies Trading Down 2.6 %

NYSE ST opened at $47.16 on Tuesday. The company has a market cap of $7.19 billion, a PE ratio of 23.46, a PEG ratio of 1.16 and a beta of 1.33. The company has a current ratio of 2.35, a quick ratio of 1.81 and a debt-to-equity ratio of 1.28. Sensata Technologies Holding plc has a 12 month low of $36.64 and a 12 month high of $54.36. The stock has a 50 day moving average of $48.63 and a 200-day moving average of $43.80.

Sensata Technologies (NYSE:ST – Get Rating) last released its quarterly earnings data on Tuesday, January 31st. The scientific and technical instruments company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.88 by $0.08. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $998.02 million. Sensata Technologies had a return on equity of 17.29% and a net margin of 7.71%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.87 EPS. On average, equities research analysts anticipate that Sensata Technologies Holding plc will post 3.77 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 22nd. Shareholders of record on Wednesday, February 8th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Tuesday, February 7th. Sensata Technologies’s dividend payout ratio is 21.89%.

Analyst Ratings Changes

A number of analysts recently issued reports on ST shares. Stifel Nicolaus cut Sensata Technologies from a “buy” rating to a “hold” rating and set a $55.00 target price for the company. in a research note on Wednesday, February 15th. Cowen increased their target price on Sensata Technologies from $55.00 to $63.00 and gave the stock an “outperform” rating in a research note on Thursday, February 2nd. TheStreet raised Sensata Technologies from a “c+” rating to a “b-” rating in a research note on Monday, January 30th. Jefferies Financial Group raised Sensata Technologies from a “hold” rating to a “buy” rating and increased their target price for the stock from $43.00 to $54.00 in a research note on Tuesday, November 22nd. Finally, Wolfe Research cut Sensata Technologies from an “outperform” rating to a “peer perform” rating in a research note on Thursday, February 9th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $55.29.

Insider Buying and Selling at Sensata Technologies

In other Sensata Technologies news, CEO Jeffrey J. Cote sold 41,816 shares of the firm’s stock in a transaction on Thursday, January 12th. The stock was sold at an average price of $45.00, for a total transaction of $1,881,720.00. Following the completion of the sale, the chief executive officer now owns 141,024 shares of the company’s stock, valued at approximately $6,346,080. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Sensata Technologies news, CAO Maria G. Freve sold 867 shares of the stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $41.67, for a total transaction of $36,127.89. Following the transaction, the chief accounting officer now owns 6,729 shares in the company, valued at approximately $280,397.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey J. Cote sold 41,816 shares of the stock in a transaction on Thursday, January 12th. The stock was sold at an average price of $45.00, for a total value of $1,881,720.00. Following the transaction, the chief executive officer now owns 141,024 shares in the company, valued at approximately $6,346,080. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

About Sensata Technologies

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Sensata Technologies Holding Plc is a global industrial technology company, which engages in the development, manufacture, and sale of sensors and sensor-rich solutions, electrical protection components and systems, and other products used in mission-critical systems and applications. The firm operates through the Performance Sensing and Sensing Solutions segments.