Sensata Technologies Holding plc (NYSE:ST) Position Increased by Hsbc Holdings PLC

Hsbc Holdings PLC raised its holdings in shares of Sensata Technologies Holding plc (NYSE:STFree Report) by 186.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 110,510 shares of the scientific and technical instruments company’s stock after purchasing an additional 71,994 shares during the period. Hsbc Holdings PLC owned about 0.07% of Sensata Technologies worth $4,180,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC increased its stake in Sensata Technologies by 1,389.8% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 730 shares of the scientific and technical instruments company’s stock valued at $28,000 after purchasing an additional 681 shares during the last quarter. Principal Securities Inc. acquired a new position in shares of Sensata Technologies during the fourth quarter valued at $29,000. Parkside Financial Bank & Trust boosted its holdings in shares of Sensata Technologies by 761.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 887 shares of the scientific and technical instruments company’s stock valued at $33,000 after acquiring an additional 784 shares during the period. Covestor Ltd boosted its holdings in shares of Sensata Technologies by 71.6% during the third quarter. Covestor Ltd now owns 1,249 shares of the scientific and technical instruments company’s stock valued at $47,000 after acquiring an additional 521 shares during the period. Finally, Headlands Technologies LLC acquired a new position in shares of Sensata Technologies during the fourth quarter valued at $155,000. Institutional investors own 99.42% of the company’s stock.

Sensata Technologies Price Performance

Shares of NYSE ST opened at $40.16 on Wednesday. Sensata Technologies Holding plc has a twelve month low of $30.56 and a twelve month 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 1.74. The firm has a 50-day moving average of $38.46 and a two-hundred day moving average of $36.10.

Sensata Technologies (NYSE:STGet Free Report) last issued its quarterly earnings results on Monday, April 29th. The scientific and technical instruments company reported $0.89 earnings per share 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 the consensus estimate of $986.51 million. During the same period in the prior year, the company earned $0.92 EPS. Sensata Technologies’s revenue was up .9% on a year-over-year basis. As a group, research analysts expect that Sensata Technologies Holding plc will post 3.75 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend was Tuesday, May 7th. Sensata Technologies’s payout ratio is -436.32%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ST shares. The Goldman Sachs Group reissued a “neutral” rating and set a $36.00 price target (down previously from $44.00) on shares of Sensata Technologies in a report on Tuesday, April 9th. Bank of America downgraded shares of Sensata Technologies from a “buy” rating to a “neutral” rating and reduced their price target for the company from $46.00 to $38.00 in a report on Wednesday, February 7th. 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 report on Monday, May 6th. Truist Financial upped their price objective on shares of Sensata Technologies from $36.00 to $46.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Finally, Robert W. Baird upped their price objective on shares of Sensata Technologies from $37.00 to $47.00 and gave the stock a “neutral” rating in a report on Tuesday, April 30th. One investment 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $43.78.

View Our Latest Report on Sensata Technologies

Insider Buying and Selling at Sensata Technologies

In other Sensata Technologies news, Director Ali John Mirshekari purchased 73,137 shares of the business’s stock in a transaction on Thursday, May 2nd. The stock was bought at an average cost of $39.17 per share, with a total value of $2,864,776.29. Following the acquisition, the director now owns 73,137 shares of the company’s stock, valued at $2,864,776.29. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by corporate insiders.

Sensata Technologies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Sensata Technologies (NYSE:ST)

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