Sensata Technologies Holding plc (NYSE:ST) Shares Bought by Arizona State Retirement System

Arizona State Retirement System increased its stake in Sensata Technologies Holding plc (NYSE:ST) by 2.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 42,609 shares of the scientific and technical instruments company’s stock after acquiring an additional 897 shares during the quarter. Arizona State Retirement System’s holdings in Sensata Technologies were worth $1,601,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC increased its position in shares of Sensata Technologies by 1,389.8% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 730 shares of the scientific and technical instruments company’s stock worth $28,000 after purchasing an additional 681 shares during the last quarter. Covestor Ltd increased its holdings in Sensata Technologies by 71.6% in the third quarter. Covestor Ltd now owns 1,249 shares of the scientific and technical instruments company’s stock valued at $47,000 after buying an additional 521 shares during the last quarter. Compass Wealth Management LLC acquired a new stake in Sensata Technologies during the fourth quarter valued at approximately $61,000. Meeder Asset Management Inc. raised its stake in Sensata Technologies by 51.8% during the fourth quarter. Meeder Asset Management Inc. now owns 1,561 shares of the scientific and technical instruments company’s stock valued at $63,000 after buying an additional 533 shares in the last quarter. Finally, SRS Capital Advisors Inc. lifted its holdings in Sensata Technologies by 26.7% during the 2nd quarter. SRS Capital Advisors Inc. now owns 2,232 shares of the scientific and technical instruments company’s stock worth $100,000 after buying an additional 470 shares during the last quarter. 99.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ST shares. Bank of America downgraded Sensata Technologies from a “buy” rating to a “neutral” rating and lowered their price target for the company from $46.00 to $38.00 in a report on Wednesday, February 7th. Oppenheimer upgraded shares of Sensata Technologies from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a research note on Tuesday, January 30th. Stifel Nicolaus reduced their price target on shares of Sensata Technologies from $40.00 to $36.00 and set a “hold” rating on the stock in a research report on Wednesday, February 7th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $36.00 price objective (down previously from $44.00) on shares of Sensata Technologies in a research report on Tuesday. Finally, Truist Financial cut their target price on shares of Sensata Technologies from $39.00 to $36.00 and set a “hold” rating on the stock in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Sensata Technologies has an average rating of “Hold” and a consensus price target of $39.25.

Sensata Technologies Stock Performance

NYSE ST opened at $34.58 on Friday. The company has a 50-day moving average price of $34.94 and a two-hundred day moving average price of $34.94. Sensata Technologies Holding plc has a 52 week low of $30.56 and a 52 week high of $48.17. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.69 and a current ratio of 2.55.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings data on Tuesday, February 6th. The scientific and technical instruments company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.05). Sensata Technologies had a positive return on equity of 17.47% and a negative net margin of 0.10%. The business had revenue of $992.50 million for the quarter, compared to analyst estimates of $978.05 million. During the same quarter in the prior year, the firm posted $0.96 earnings per share. The business’s quarterly revenue was down 2.2% on a year-over-year basis. Sell-side analysts expect that Sensata Technologies Holding plc will post 3.74 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Tuesday, February 13th. Sensata Technologies’s dividend payout ratio (DPR) is -959.81%.

About Sensata Technologies

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.