New York State Common Retirement Fund Decreases Stake in Sensata Technologies Holding plc (NYSE:ST)

New York State Common Retirement Fund lessened its holdings in Sensata Technologies Holding plc (NYSE:ST) by 17.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 111,490 shares of the scientific and technical instruments company’s stock after selling 23,718 shares during the quarter. New York State Common Retirement Fund’s holdings in Sensata Technologies were worth $4,189,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Sensata Technologies by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 14,840,668 shares of the scientific and technical instruments company’s stock valued at $561,274,000 after acquiring an additional 265,583 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Sensata Technologies by 1.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,084,921 shares of the scientific and technical instruments company’s stock valued at $192,312,000 after purchasing an additional 62,468 shares during the last quarter. Shapiro Capital Management LLC grew its holdings in Sensata Technologies by 4.5% during the third quarter. Shapiro Capital Management LLC now owns 4,358,416 shares of the scientific and technical instruments company’s stock valued at $164,835,000 after purchasing an additional 186,627 shares during the period. Schroder Investment Management Group raised its stake in shares of Sensata Technologies by 6.0% in the third quarter. Schroder Investment Management Group now owns 2,952,062 shares of the scientific and technical instruments company’s stock valued at $111,647,000 after buying an additional 166,584 shares during the period. Finally, AQR Capital Management LLC lifted its position in shares of Sensata Technologies by 172.5% during 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 buying an additional 1,220,599 shares during the last quarter. 99.42% of the stock is owned by institutional investors.

Sensata Technologies Stock Performance

NYSE:ST opened at $40.07 on Monday. The business has a 50 day moving average of $35.49 and a 200 day moving average of $34.71. The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of -364.24, a PEG ratio of 0.97 and a beta of 1.32. Sensata Technologies Holding plc has a 1-year low of $30.56 and a 1-year high of $47.41. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.64 and a quick ratio of 1.69.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings data 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 company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $986.51 million. During the same quarter in the prior year, the company earned $0.92 EPS. The firm’s revenue was up .9% on a year-over-year basis. On average, sell-side analysts predict that Sensata Technologies Holding plc will post 3.75 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Tuesday, May 7th. Sensata Technologies’s dividend payout ratio (DPR) is presently -436.32%.

Analyst Upgrades and Downgrades

ST has been the subject of several recent research reports. 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 report on Monday, January 8th. Oppenheimer raised shares of Sensata Technologies from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a research note on Tuesday, January 30th. Evercore ISI increased their target price on shares of Sensata Technologies from $36.00 to $44.00 and gave the stock an “in-line” rating in a research note on Tuesday, April 30th. Robert W. Baird boosted their price target on shares of Sensata Technologies from $37.00 to $47.00 and gave the company a “neutral” rating in a research report on Tuesday, April 30th. Finally, Bank of America downgraded Sensata Technologies from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $46.00 to $38.00 in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $42.00.

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.