Sensata Technologies Holding plc (NYSE:ST) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its position in Sensata Technologies Holding plc (NYSE:ST) by 4.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 369,552 shares of the scientific and technical instruments company’s stock after selling 15,271 shares during the period. Rhumbline Advisers owned approximately 0.25% of Sensata Technologies worth $8,969,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. increased its holdings in shares of Sensata Technologies by 738.7% in the fourth quarter. Blue Trust Inc. now owns 931 shares of the scientific and technical instruments company’s stock valued at $26,000 after purchasing an additional 820 shares during the period. Brown Brothers Harriman & Co. acquired a new position in shares of Sensata Technologies in the fourth quarter valued at about $27,000. Parallel Advisors LLC increased its holdings in shares of Sensata Technologies by 278.8% in the first quarter. Parallel Advisors LLC now owns 1,519 shares of the scientific and technical instruments company’s stock valued at $37,000 after purchasing an additional 1,118 shares during the period. Venturi Wealth Management LLC grew its holdings in Sensata Technologies by 67.6% during the fourth quarter. Venturi Wealth Management LLC now owns 2,026 shares of the scientific and technical instruments company’s stock worth $56,000 after acquiring an additional 817 shares during the period. Finally, Parkside Financial Bank & Trust grew its holdings in Sensata Technologies by 48.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,523 shares of the scientific and technical instruments company’s stock worth $69,000 after acquiring an additional 820 shares during the period. 99.42% of the stock is owned by institutional investors and hedge funds.

Sensata Technologies Price Performance

Sensata Technologies stock opened at $28.31 on Wednesday. The company’s fifty day moving average price is $23.22 and its 200 day moving average price is $26.48. Sensata Technologies Holding plc has a 1 year low of $17.32 and a 1 year high of $42.33. The stock has a market capitalization of $4.14 billion, a P/E ratio of 33.70, a P/E/G ratio of 1.25 and a beta of 1.10. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.99 and a current ratio of 2.85.

Sensata Technologies (NYSE:ST) last released its quarterly 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. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. The firm had revenue of $911.26 million for the quarter, compared to analysts’ expectations of $878.39 million. During the same quarter last year, the company earned $0.89 EPS. The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Sensata Technologies Holding plc will post 3.21 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were paid a dividend of $0.12 per share. The ex-dividend date was Wednesday, May 14th. This represents a $0.48 annualized dividend and a yield of 1.70%. Sensata Technologies’s dividend payout ratio (DPR) is presently 59.26%.

Wall Street Analyst Weigh In

Several analysts recently commented on ST shares. Robert W. Baird dropped their target price on Sensata Technologies from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, April 15th. Wells Fargo & Company raised their target price on Sensata Technologies from $23.00 to $26.00 and gave the stock an “equal weight” rating in a report on Monday, May 19th. Evercore ISI lowered Sensata Technologies from an “outperform” rating to an “inline” rating and dropped their target price for the stock from $40.00 to $27.00 in a report on Thursday, April 3rd. The Goldman Sachs Group raised their target price on Sensata Technologies from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, May 9th. Finally, JPMorgan Chase & Co. dropped their target price on Sensata Technologies from $27.00 to $21.00 and set an “underweight” rating on the stock in a report on Thursday, April 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Sensata Technologies currently has a consensus rating of “Hold” and an average target price of $34.08.

Insiders Place Their Bets

In other Sensata Technologies news, Director Andrew C. Teich bought 9,925 shares of the stock in a transaction on Friday, May 23rd. The shares were bought at an average price of $25.19 per share, with a total value of $250,010.75. Following the purchase, the director now directly owns 41,117 shares in the company, valued at $1,035,737.23. This trade represents a 31.82% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.89% of the stock is currently owned by corporate insiders.

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.