Sensata Technologies Holding plc (NYSE:ST) Stock Position Raised by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in Sensata Technologies Holding plc (NYSE:ST) by 16,354.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 70,917 shares of the scientific and technical instruments company’s stock after acquiring an additional 70,486 shares during the period. GAMMA Investing LLC’s holdings in Sensata Technologies were worth $1,721,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Fuller & Thaler Asset Management Inc. increased its position in Sensata Technologies by 96.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 5,260,870 shares of the scientific and technical instruments company’s stock worth $144,148,000 after buying an additional 2,587,183 shares during the period. Price T Rowe Associates Inc. MD increased its position in Sensata Technologies by 36.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,821,428 shares of the scientific and technical instruments company’s stock worth $214,308,000 after buying an additional 2,088,161 shares during the period. Norges Bank bought a new position in Sensata Technologies in the 4th quarter worth approximately $48,580,000. Woodline Partners LP increased its position in Sensata Technologies by 65.2% in the 4th quarter. Woodline Partners LP now owns 2,277,826 shares of the scientific and technical instruments company’s stock worth $62,412,000 after buying an additional 898,835 shares during the period. Finally, Eminence Capital LP increased its position in Sensata Technologies by 25.2% in the 4th quarter. Eminence Capital LP now owns 4,318,718 shares of the scientific and technical instruments company’s stock worth $118,333,000 after buying an additional 870,419 shares during the period. 99.42% of the stock is owned by institutional investors.

Sensata Technologies Stock Down 4.4%

Shares of NYSE:ST opened at $27.50 on Friday. The firm has a market cap of $4.02 billion, a P/E ratio of 32.74, a P/E/G ratio of 1.25 and a beta of 1.10. The company has a quick ratio of 1.99, a current ratio of 2.85 and a debt-to-equity ratio of 1.11. Sensata Technologies Holding plc has a 12-month low of $17.32 and a 12-month high of $42.33. The business has a fifty day simple moving average of $23.81 and a 200 day simple moving average of $26.39.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings data 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 company had revenue of $911.26 million for the quarter, compared to the consensus estimate of $878.39 million. Sensata Technologies had a return on equity of 17.54% and a net margin of 3.27%. The firm’s revenue was down 9.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.89 EPS. Analysts predict that Sensata Technologies Holding plc will post 3.21 earnings per share for the current year.

Sensata Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Wednesday, May 14th. Sensata Technologies’s dividend payout ratio is currently 59.26%.

Insiders Place Their Bets

In other Sensata Technologies news, Director Andrew C. Teich bought 9,925 shares of Sensata Technologies stock in a transaction dated Friday, May 23rd. The stock was bought at an average cost of $25.19 per share, with a total value of $250,010.75. Following the completion of the acquisition, the director now directly owns 41,117 shares in the company, valued at approximately $1,035,737.23. The trade was a 31.82% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.89% of the company’s stock.

Analysts Set New Price Targets

ST has been the topic of several recent research reports. The Goldman Sachs Group lifted their price objective on Sensata Technologies from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, May 9th. 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 report on Thursday, April 10th. Wells Fargo & Company lifted their price objective on Sensata Technologies from $23.00 to $26.00 and gave the stock an “equal weight” rating in a report on Monday, May 19th. JPMorgan Chase & Co. decreased their price objective on Sensata Technologies from $27.00 to $21.00 and set an “underweight” rating on the stock in a report on Thursday, April 17th. Finally, Wall Street Zen lowered Sensata Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, June 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Sensata Technologies presently has an average rating of “Hold” and an average price target of $34.08.

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.