Amalgamated Bank Reduces Stock Holdings in Sensata Technologies Holding plc (NYSE:ST)

Amalgamated Bank lowered its stake in shares of Sensata Technologies Holding plc (NYSE:ST) by 3.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 94,041 shares of the scientific and technical instruments company’s stock after selling 3,824 shares during the quarter. Amalgamated Bank’s holdings in Sensata Technologies were worth $3,533,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ST. Treasurer of the State of North Carolina lifted its stake in shares of Sensata Technologies by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 66,248 shares of the scientific and technical instruments company’s stock worth $2,505,000 after acquiring an additional 340 shares during the last quarter. M&T Bank Corp lifted its position in shares of Sensata Technologies by 7.1% during the third quarter. M&T Bank Corp now owns 6,312 shares of the scientific and technical instruments company’s stock worth $239,000 after purchasing an additional 421 shares during the last quarter. Highland Capital Management LLC boosted its stake in shares of Sensata Technologies by 3.3% during the fourth quarter. Highland Capital Management LLC now owns 15,571 shares of the scientific and technical instruments company’s stock valued at $585,000 after purchasing an additional 500 shares during the period. Covestor Ltd increased its stake in Sensata Technologies by 71.6% in the 3rd quarter. Covestor Ltd now owns 1,249 shares of the scientific and technical instruments company’s stock worth $47,000 after buying an additional 521 shares during the period. Finally, New York State Teachers Retirement System lifted its holdings in Sensata Technologies by 2.7% during the 4th quarter. New York State Teachers Retirement System now owns 23,100 shares of the scientific and technical instruments company’s stock valued at $868,000 after buying an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ST. Robert W. Baird upped their target price on shares of Sensata Technologies from $37.00 to $47.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 30th. Oppenheimer upgraded Sensata Technologies from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a report on Tuesday, January 30th. Bank of America downgraded Sensata Technologies from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $46.00 to $38.00 in a research report on Wednesday, February 7th. Stifel Nicolaus raised their price target on Sensata Technologies from $36.00 to $43.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Finally, Evercore ISI raised shares of Sensata Technologies from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $44.00 to $60.00 in a research note on Monday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Sensata Technologies currently has an average rating of “Hold” and a consensus target price of $43.78.

Insider Buying and Selling

In related news, Director Ali John Mirshekari purchased 73,137 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were acquired at an average price of $39.17 per share, for a total transaction of $2,864,776.29. Following the purchase, the director now owns 73,137 shares of the company’s stock, valued at approximately $2,864,776.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by company insiders.

Sensata Technologies Stock Performance

ST stock opened at $42.64 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.74 and a current ratio of 2.64. The firm has a market cap of $6.42 billion, a price-to-earnings ratio of -387.64, a PEG ratio of 0.97 and a beta of 1.32. The firm has a 50-day simple moving average of $36.12 and a two-hundred day simple moving average of $34.90. Sensata Technologies Holding plc has a one year low of $30.56 and a one year high of $47.41.

Sensata Technologies (NYSE:ST) last announced its earnings results on Monday, April 29th. The scientific and technical instruments company reported $0.89 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $986.51 million. During the same period last year, the firm earned $0.92 earnings per share. Sensata Technologies’s revenue was up .9% compared to the same quarter last year. On average, equities analysts forecast that Sensata Technologies Holding plc will post 3.75 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be issued a dividend of $0.12 per share. The ex-dividend date is Tuesday, May 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.13%. Sensata Technologies’s dividend payout ratio (DPR) is currently -436.36%.

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.