Daiwa Securities Group Inc. Lowers Stock Position in Sensata Technologies Holding plc (NYSE:ST)

Daiwa Securities Group Inc. cut its position in shares of Sensata Technologies Holding plc (NYSE:ST) by 31.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 22,670 shares of the scientific and technical instruments company’s stock after selling 10,313 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Sensata Technologies were worth $852,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in ST. Mackenzie Financial Corp raised its position in Sensata Technologies by 21.8% during the fourth quarter. Mackenzie Financial Corp now owns 1,478,641 shares of the scientific and technical instruments company’s stock worth $55,553,000 after acquiring an additional 265,064 shares during the period. Cornercap Investment Counsel Inc. raised its position in Sensata Technologies by 17.0% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 28,231 shares of the scientific and technical instruments company’s stock worth $1,061,000 after acquiring an additional 4,094 shares during the period. Louisiana State Employees Retirement System acquired a new position in Sensata Technologies during the fourth quarter worth $1,597,000. International Assets Investment Management LLC acquired a new position in Sensata Technologies during the fourth quarter worth $1,310,000. Finally, Olstein Capital Management L.P. raised its position in Sensata Technologies by 11.4% during the fourth quarter. Olstein Capital Management L.P. now owns 341,000 shares of the scientific and technical instruments company’s stock worth $12,811,000 after acquiring an additional 35,000 shares during the period. 99.42% of the stock is owned by hedge funds and other institutional investors.

Sensata Technologies Trading Up 0.5 %

Shares of ST opened at $34.42 on Thursday. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.55 and a quick ratio of 1.69. Sensata Technologies Holding plc has a 12-month low of $30.56 and a 12-month high of $47.41. The firm has a 50-day moving average price of $35.02 and a 200 day moving average price of $34.73.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.05). Sensata Technologies had a negative net margin of 0.10% and a positive return on equity of 17.47%. The firm had revenue of $992.50 million during the quarter, compared to analysts’ expectations of $978.05 million. During the same period in the prior year, the company posted $0.96 EPS. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, sell-side analysts expect that Sensata Technologies Holding plc will post 3.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ST shares. Bank of America cut shares of Sensata Technologies from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $46.00 to $38.00 in a research report on Wednesday, February 7th. Truist Financial reduced their target price on shares of Sensata Technologies from $39.00 to $36.00 and set a “hold” rating for the company in a research report on Wednesday, February 7th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $36.00 target price (down from $44.00) on shares of Sensata Technologies in a research report on Tuesday, April 9th. Stifel Nicolaus reduced their target price on shares of Sensata Technologies from $40.00 to $36.00 and set a “hold” rating for the company in a research report on Wednesday, February 7th. Finally, Jefferies Financial Group initiated coverage on shares of Sensata Technologies in a research report on Tuesday, April 9th. They issued a “hold” rating and a $40.00 target price for the company. 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. According to data from MarketBeat, Sensata Technologies currently has a consensus rating of “Hold” and a consensus price target of $39.25.

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.