Sensata Technologies Holding plc (NYSE:ST) Position Decreased by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its holdings in Sensata Technologies Holding plc (NYSE:ST) by 0.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 189,565 shares of the scientific and technical instruments company’s stock after selling 750 shares during the period. Retirement Systems of Alabama’s holdings in Sensata Technologies were worth $7,122,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC lifted its holdings in shares of Sensata Technologies by 172.5% during the third 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 during the last quarter. Bank of New York Mellon Corp lifted its stake in Sensata Technologies by 94.9% during the third quarter. Bank of New York Mellon Corp now owns 1,438,760 shares of the scientific and technical instruments company’s stock valued at $54,414,000 after buying an additional 700,717 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Sensata Technologies by 4,903.4% in the third quarter. Principal Financial Group Inc. now owns 562,136 shares of the scientific and technical instruments company’s stock worth $21,260,000 after buying an additional 550,901 shares during the period. Poplar Forest Capital LLC purchased a new position in shares of Sensata Technologies in the third quarter worth approximately $18,235,000. Finally, Northern Trust Corp raised its holdings in shares of Sensata Technologies by 27.2% during the third quarter. Northern Trust Corp now owns 1,714,178 shares of the scientific and technical instruments company’s stock valued at $64,830,000 after acquiring an additional 366,958 shares during the period. 99.42% of the stock is currently owned by institutional investors.

Sensata Technologies Price Performance

Shares of Sensata Technologies stock opened at $40.07 on Friday. The stock has a 50-day simple moving average of $35.49 and a 200-day simple moving average of $34.73. Sensata Technologies Holding plc has a 52-week low of $30.56 and a 52-week high of $47.41. The company has a current ratio of 2.64, a quick ratio of 1.69 and a debt-to-equity ratio of 1.14.

Sensata Technologies (NYSE:ST) last posted its earnings results on Monday, April 29th. The scientific and technical instruments company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.03. Sensata Technologies had a negative net margin of 0.35% and a positive return on equity of 17.58%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $986.51 million. During the same period in the previous year, the company earned $0.92 earnings per share. The company’s revenue was up .9% compared to the same quarter last year. On average, research analysts anticipate that Sensata Technologies Holding plc will post 3.75 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.20%. The ex-dividend date is Tuesday, May 7th. Sensata Technologies’s payout ratio is -436.32%.

Analysts Set New Price Targets

A number of equities analysts recently commented on ST shares. Truist Financial raised their price objective on shares of Sensata Technologies from $36.00 to $46.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Stifel Nicolaus raised their target price on Sensata Technologies from $36.00 to $43.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Bank of America lowered Sensata Technologies from a “buy” rating to a “neutral” rating and dropped their price target for the company from $46.00 to $38.00 in a research report on Wednesday, February 7th. JPMorgan Chase & Co. lowered Sensata Technologies from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $37.00 to $34.00 in a research report on Monday, January 8th. Finally, Jefferies Financial Group started coverage on Sensata Technologies in a research note on Tuesday, April 9th. They set a “hold” rating and a $40.00 target price on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Sensata Technologies has an average rating of “Hold” and a consensus price target of $42.00.

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.