Parallel Advisors LLC Boosts Stock Holdings in Sensata Technologies Holding plc (NYSE:ST)

Parallel Advisors LLC increased its stake in Sensata Technologies Holding plc (NYSE:ST) by 278.8% during the first quarter, according to its most recent filing with the SEC. The fund owned 1,519 shares of the scientific and technical instruments company’s stock after buying an additional 1,118 shares during the quarter. Parallel Advisors LLC’s holdings in Sensata Technologies were worth $37,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its position in Sensata Technologies by 0.5% in the fourth quarter. Janus Henderson Group PLC now owns 9,767,232 shares of the scientific and technical instruments company’s stock valued at $267,621,000 after purchasing an additional 44,233 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Sensata Technologies by 36.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,821,428 shares of the scientific and technical instruments company’s stock valued at $214,308,000 after buying an additional 2,088,161 shares during the last quarter. Boston Partners boosted its position in shares of Sensata Technologies by 11.6% during the fourth quarter. Boston Partners now owns 6,526,941 shares of the scientific and technical instruments company’s stock valued at $179,087,000 after buying an additional 677,316 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Sensata Technologies by 12.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,808,186 shares of the scientific and technical instruments company’s stock valued at $159,143,000 after acquiring an additional 648,028 shares during the period. Finally, Fuller & Thaler Asset Management Inc. lifted its holdings in Sensata Technologies by 96.8% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,260,870 shares of the scientific and technical instruments company’s stock valued at $144,148,000 after acquiring an additional 2,587,183 shares during the period. 99.42% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Andrew C. Teich purchased 9,925 shares of Sensata Technologies stock in a transaction dated Friday, May 23rd. The stock was bought at an average price of $25.19 per share, with a total value of $250,010.75. Following the completion of the acquisition, the director now owns 41,117 shares in the company, valued at $1,035,737.23. The trade was a 31.82% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.89% of the stock is owned by corporate insiders.

Sensata Technologies Price Performance

Shares of ST opened at $27.79 on Tuesday. Sensata Technologies Holding plc has a twelve month low of $17.32 and a twelve month high of $42.33. The stock’s 50 day moving average is $23.06 and its two-hundred day moving average is $26.47. The firm has a market capitalization of $4.06 billion, a PE ratio of 33.08, a P/E/G ratio of 1.25 and a beta of 1.10. The company has a current ratio of 2.85, a quick ratio of 1.99 and a debt-to-equity ratio of 1.11.

Sensata Technologies (NYSE:ST) last posted its earnings results on Thursday, May 8th. The scientific and technical instruments company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. The firm had revenue of $911.26 million for the quarter, compared to analyst estimates of $878.39 million. Sensata Technologies had a return on equity of 17.54% and a net margin of 3.27%. Sensata Technologies’s revenue was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.89 EPS. Research analysts anticipate that Sensata Technologies Holding plc will post 3.21 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, May 14th. This represents a $0.48 dividend on an annualized basis and a yield of 1.73%. Sensata Technologies’s dividend payout ratio (DPR) is 59.26%.

Analysts Set New Price Targets

Several research firms have recently commented on ST. UBS Group decreased their price objective on Sensata Technologies from $37.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Wells Fargo & Company raised their price target on Sensata Technologies from $23.00 to $26.00 and gave the company an “equal weight” rating in a report on Monday, May 19th. Wall Street Zen cut Sensata Technologies from a “buy” rating to a “hold” rating in a report on Sunday, June 1st. JPMorgan Chase & Co. dropped their target price on Sensata Technologies from $27.00 to $21.00 and set an “underweight” rating for the company in a report on Thursday, April 17th. Finally, Robert W. Baird dropped their price objective on Sensata Technologies from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Sensata Technologies presently has a consensus rating of “Hold” and an average target price of $34.08.

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.