Louisiana State Employees Retirement System Acquires New Position in Sensata Technologies Holding plc (NYSE:ST)

Louisiana State Employees Retirement System acquired a new stake in Sensata Technologies Holding plc (NYSE:ST) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 42,500 shares of the scientific and technical instruments company’s stock, valued at approximately $1,597,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Cary Street Partners Investment Advisory LLC increased its holdings in 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 buying an additional 681 shares during the period. Covestor Ltd grew its stake in shares of Sensata Technologies by 71.6% during the 3rd quarter. Covestor Ltd now owns 1,249 shares of the scientific and technical instruments company’s stock worth $47,000 after purchasing an additional 521 shares during the period. Compass Wealth Management LLC acquired a new stake in shares of Sensata Technologies during the 4th quarter worth approximately $61,000. Meeder Asset Management Inc. grew its stake in shares of Sensata Technologies by 51.8% during the 4th quarter. Meeder Asset Management Inc. now owns 1,561 shares of the scientific and technical instruments company’s stock worth $63,000 after purchasing an additional 533 shares during the period. Finally, SRS Capital Advisors Inc. grew its stake in shares of 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 purchasing an additional 470 shares during the period. 99.42% of the stock is owned by hedge funds and other institutional investors.

Sensata Technologies Stock Performance

Shares of ST stock opened at $33.70 on Friday. The stock’s fifty day moving average is $34.94 and its two-hundred day moving average is $34.81. 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 Holding plc has a fifty-two week low of $30.56 and a fifty-two week high of $48.15.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings data on Tuesday, February 6th. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.05). The firm had revenue of $992.50 million during the quarter, compared to analysts’ expectations of $978.05 million. Sensata Technologies had a negative net margin of 0.10% and a positive return on equity of 17.47%. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.96 EPS. As a group, research analysts forecast that Sensata Technologies Holding plc will post 3.72 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The business 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. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.48 annualized dividend and a dividend yield of 1.42%. Sensata Technologies’s dividend payout ratio is presently -959.81%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ST shares. Oppenheimer raised shares of Sensata Technologies from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research note on Tuesday, January 30th. Bank of America cut shares of Sensata Technologies from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $46.00 to $38.00 in a research note on Wednesday, February 7th. Jefferies Financial Group assumed coverage on shares of Sensata Technologies in a research note on Tuesday, April 9th. They set a “hold” rating and a $40.00 price objective on the stock. Truist Financial dropped their price target on shares of Sensata Technologies from $39.00 to $36.00 and set a “hold” rating on the stock in a research note on Wednesday, February 7th. Finally, Stifel Nicolaus dropped 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 note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $39.25.

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.