Covestor Ltd Increases Position in Sensata Technologies Holding plc (NYSE:ST)

Covestor Ltd increased its stake in shares of Sensata Technologies Holding plc (NYSE:ST) by 130.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,815 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,157 shares during the quarter. Covestor Ltd’s holdings in Sensata Technologies were worth $140,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Principal Securities Inc. bought a new stake in shares of Sensata Technologies in the 4th quarter valued at about $29,000. Parkside Financial Bank & Trust raised its stake in shares of Sensata Technologies by 761.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 887 shares of the scientific and technical instruments company’s stock valued at $33,000 after buying an additional 784 shares during the last quarter. SageView Advisory Group LLC purchased a new stake in Sensata Technologies in the 1st quarter worth approximately $85,000. TFO Wealth Partners LLC boosted its holdings in Sensata Technologies by 17,818.8% during the fourth quarter. TFO Wealth Partners LLC now owns 2,867 shares of the scientific and technical instruments company’s stock worth $108,000 after buying an additional 2,851 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Sensata Technologies during the 4th quarter valued at about $155,000. Institutional investors own 99.42% of the company’s stock.

Insiders Place Their Bets

In other news, Director Ali John Mirshekari purchased 73,137 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were acquired at an average price of $39.17 per share, for a total transaction of $2,864,776.29. Following the acquisition, the director now directly owns 73,137 shares in the company, valued at approximately $2,864,776.29. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ST. Evercore ISI raised shares of Sensata Technologies from an “in-line” rating to an “outperform” rating and raised their price target for the company from $44.00 to $60.00 in a research note on Monday, May 6th. Vertical Research assumed coverage on shares of Sensata Technologies in a research report on Tuesday. They issued a “buy” rating and a $55.00 target price on the stock. The Goldman Sachs Group reissued a “neutral” rating and issued a $36.00 target price (down previously from $44.00) on shares of Sensata Technologies in a research report on Tuesday, April 9th. Truist Financial boosted their price target on shares of Sensata Technologies from $36.00 to $46.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Finally, Robert W. Baird increased their target price on Sensata Technologies from $37.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Sensata Technologies presently has an average rating of “Hold” and an average target price of $44.90.

Sensata Technologies Price Performance

Sensata Technologies stock traded down $0.57 during trading hours on Wednesday, reaching $38.41. 594,068 shares of the stock were exchanged, compared to its average volume of 2,111,978. The firm’s 50 day moving average is $39.80 and its 200 day moving average is $37.12. The company has a quick ratio of 1.74, a current ratio of 2.64 and a debt-to-equity ratio of 1.14. Sensata Technologies Holding plc has a 52-week low of $30.56 and a 52-week high of $44.73.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings results on Monday, April 29th. The scientific and technical instruments company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $986.51 million. During the same period in the prior year, the company posted $0.92 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities analysts forecast that Sensata Technologies Holding plc will post 3.75 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Wednesday, August 14th. Sensata Technologies’s dividend payout ratio is presently -436.32%.

Sensata Technologies 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.