California Public Employees Retirement System Sells 16,197 Shares of Sensata Technologies Holding plc (NYSE:ST)

California Public Employees Retirement System cut its position in shares of Sensata Technologies Holding plc (NYSE:ST) by 5.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 270,406 shares of the scientific and technical instruments company’s stock after selling 16,197 shares during the period. California Public Employees Retirement System’s holdings in Sensata Technologies were worth $10,159,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC boosted its position in shares of Sensata Technologies by 153.8% during the 3rd quarter. SG Americas Securities LLC now owns 13,102 shares of the scientific and technical instruments company’s stock valued at $496,000 after acquiring an additional 7,940 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Sensata Technologies in the 3rd quarter valued at about $685,000. Asset Management One Co. Ltd. raised its position in Sensata Technologies by 1.7% during the third quarter. Asset Management One Co. Ltd. now owns 64,151 shares of the scientific and technical instruments company’s stock valued at $2,426,000 after purchasing an additional 1,052 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of Sensata Technologies by 9.5% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 57,386 shares of the scientific and technical instruments company’s stock valued at $2,170,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of Sensata Technologies by 5.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 317,345 shares of the scientific and technical instruments company’s stock worth $12,002,000 after purchasing an additional 15,148 shares during the period. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ST. Jefferies Financial Group started coverage on Sensata Technologies in a research report on Tuesday, April 9th. They issued a “hold” rating and a $40.00 price target for the company. Evercore ISI raised their target price on shares of Sensata Technologies from $36.00 to $44.00 and gave the stock an “in-line” rating in a report on Tuesday. JPMorgan Chase & Co. downgraded shares of Sensata Technologies from a “neutral” rating to an “underweight” rating and cut their price target for the company from $37.00 to $34.00 in a report on Monday, January 8th. The Goldman Sachs Group reissued a “neutral” rating and issued a $36.00 price objective (down previously from $44.00) on shares of Sensata Technologies in a research note on Tuesday, April 9th. Finally, Truist Financial upped their target price on Sensata Technologies from $36.00 to $46.00 and gave the company a “hold” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $42.00.

Sensata Technologies Stock Up 1.8 %

Shares of NYSE:ST opened at $38.99 on Thursday. The business’s 50 day moving average is $35.28 and its 200 day moving average is $34.69. The stock has a market cap of $5.87 billion, a P/E ratio of -354.42, a price-to-earnings-growth ratio of 0.87 and a beta of 1.37. Sensata Technologies Holding plc has a 52-week low of $30.56 and a 52-week high of $47.41. The company has a quick ratio of 1.69, a current ratio of 2.55 and a debt-to-equity ratio of 1.13.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings results on Monday, April 29th. The scientific and technical instruments company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.03. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $986.51 million. Sensata Technologies had a positive return on equity of 17.35% and a negative net margin of 0.35%. The business’s revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.92 EPS. Sell-side analysts predict that Sensata Technologies Holding plc will post 3.72 EPS for the current year.

Sensata Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be given a $0.12 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.23%. Sensata Technologies’s payout ratio is presently -436.32%.

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.