Semanteon Capital Management LP Makes New Investment in Sensata Technologies Holding plc (NYSE:ST)

Semanteon Capital Management LP bought a new position in Sensata Technologies Holding plc (NYSE:ST) in the 4th quarter, HoldingsChannel.com reports. The fund bought 33,810 shares of the scientific and technical instruments company’s stock, valued at approximately $1,270,000. Sensata Technologies makes up approximately 0.9% of Semanteon Capital Management LP’s investment portfolio, making the stock its 8th largest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in Sensata Technologies by 1.8% in the third quarter. Vanguard Group Inc. now owns 14,840,668 shares of the scientific and technical instruments company’s stock valued at $561,274,000 after purchasing an additional 265,583 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Sensata Technologies by 1.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,084,921 shares of the scientific and technical instruments company’s stock valued at $192,312,000 after purchasing an additional 62,468 shares during the last quarter. Shapiro Capital Management LLC lifted its position in Sensata Technologies by 4.5% in the third quarter. Shapiro Capital Management LLC now owns 4,358,416 shares of the scientific and technical instruments company’s stock valued at $164,835,000 after purchasing an additional 186,627 shares during the last quarter. Schroder Investment Management Group lifted its position in Sensata Technologies by 6.0% in the third quarter. Schroder Investment Management Group now owns 2,952,062 shares of the scientific and technical instruments company’s stock valued at $111,647,000 after purchasing an additional 166,584 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in Sensata Technologies by 172.5% in the third quarter. AQR Capital Management LLC now owns 1,928,193 shares of the scientific and technical instruments company’s stock valued at $72,924,000 after purchasing an additional 1,220,599 shares during the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Oppenheimer upgraded Sensata Technologies from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a report on Tuesday, January 30th. The Goldman Sachs Group restated a “neutral” rating and set a $36.00 target price (down previously from $44.00) on shares of Sensata Technologies in a report on Tuesday, April 9th. Bank of America downgraded Sensata Technologies from a “buy” rating to a “neutral” rating and decreased their target price for the company from $46.00 to $38.00 in a report on Wednesday, February 7th. Truist Financial decreased their target price on Sensata Technologies from $39.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, February 7th. Finally, JPMorgan Chase & Co. downgraded Sensata Technologies from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $37.00 to $34.00 in a report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $39.25.

Sensata Technologies Stock Down 0.1 %

ST traded down $0.04 during trading on Thursday, reaching $34.38. The stock had a trading volume of 819,099 shares, compared to its average volume of 1,995,073. The stock’s 50 day moving average is $35.03 and its two-hundred day moving average is $34.72. The company has a current ratio of 2.55, a quick ratio of 1.69 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of -687.46, a P/E/G ratio of 0.83 and a beta of 1.37. 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 posted its quarterly earnings data on Tuesday, February 6th. The scientific and technical instruments company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.05). The firm had revenue of $992.50 million during the quarter, compared to the consensus estimate of $978.05 million. Sensata Technologies had a positive return on equity of 17.47% and a negative net margin of 0.10%. Sensata Technologies’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.96 EPS. As a group, analysts expect that Sensata Technologies Holding plc will post 3.72 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be paid a $0.12 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.40%. Sensata Technologies’s dividend payout ratio is currently -959.81%.

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.