International Assets Investment Management LLC Invests $1.31 Million in Sensata Technologies Holding plc (NYSE:ST)

International Assets Investment Management LLC purchased a new position in shares of Sensata Technologies Holding plc (NYSE:ST) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 34,865 shares of the scientific and technical instruments company’s stock, valued at approximately $1,310,000.

Other large investors also recently modified their holdings of the company. Select Equity Group L.P. increased its position in Sensata Technologies by 88.2% during the 4th quarter. Select Equity Group L.P. now owns 9,852,952 shares of the scientific and technical instruments company’s stock worth $397,862,000 after purchasing an additional 4,616,942 shares in the last quarter. Shapiro Capital Management LLC lifted its holdings in shares of Sensata Technologies by 319.7% during the 4th quarter. Shapiro Capital Management LLC now owns 4,132,092 shares of the scientific and technical instruments company’s stock valued at $166,854,000 after acquiring an additional 3,147,593 shares in the last quarter. Millennium Management LLC boosted its position in Sensata Technologies by 105.3% during the 4th quarter. Millennium Management LLC now owns 2,677,663 shares of the scientific and technical instruments company’s stock worth $108,124,000 after purchasing an additional 1,373,199 shares during the period. AQR Capital Management LLC increased its holdings in Sensata Technologies by 172.5% in the 3rd quarter. AQR Capital Management LLC now owns 1,928,193 shares of the scientific and technical instruments company’s stock valued at $72,924,000 after purchasing an additional 1,220,599 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in Sensata Technologies by 41.8% in the second quarter. Alliancebernstein L.P. now owns 3,924,758 shares of the scientific and technical instruments company’s stock valued at $176,575,000 after purchasing an additional 1,156,690 shares during the period. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group initiated coverage on Sensata Technologies in a research report on Tuesday, April 9th. They issued a “hold” rating and a $40.00 target price for the company. JPMorgan Chase & Co. cut shares of Sensata Technologies from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $37.00 to $34.00 in a research report on Monday, January 8th. The Goldman Sachs Group reissued a “neutral” rating and issued a $36.00 price objective (down from $44.00) on shares of Sensata Technologies in a research report on Tuesday, April 9th. Bank of America lowered Sensata Technologies from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $46.00 to $38.00 in a research report on Wednesday, February 7th. Finally, Stifel Nicolaus cut their target price on Sensata Technologies from $40.00 to $36.00 and set a “hold” rating on the stock in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $39.25.

Sensata Technologies Price Performance

Shares of NYSE ST opened at $33.70 on Monday. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of -673.87, a price-to-earnings-growth ratio of 0.82 and a beta of 1.37. The business has a 50 day simple moving average of $34.94 and a 200-day simple moving average of $34.77. The company has a current ratio of 2.55, a quick ratio of 1.69 and a debt-to-equity ratio of 1.13. Sensata Technologies Holding plc has a twelve month low of $30.56 and a twelve month high of $48.15.

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

Sensata Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were given a dividend of $0.12 per share. The ex-dividend date 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 currently -959.81%.

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.