Ontario Teachers Pension Plan Board Has $2.56 Million Stock Position in Sensata Technologies Holding plc (NYSE:ST)

Ontario Teachers Pension Plan Board raised its holdings in Sensata Technologies Holding plc (NYSE:ST) by 19.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 69,595 shares of the scientific and technical instruments company’s stock after buying an additional 11,538 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Sensata Technologies were worth $2,557,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Sensata Technologies by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 14,910,505 shares of the scientific and technical instruments company’s stock worth $560,188,000 after purchasing an additional 69,837 shares in the last quarter. Kodai Capital Management LP bought a new position in shares of Sensata Technologies during the 4th quarter worth approximately $133,156,000. Dimensional Fund Advisors LP lifted its position in shares of Sensata Technologies by 15.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,415,576 shares of the scientific and technical instruments company’s stock worth $128,325,000 after buying an additional 455,237 shares during the period. Schroder Investment Management Group lifted its position in shares of Sensata Technologies by 1.1% during the 4th quarter. Schroder Investment Management Group now owns 2,983,414 shares of the scientific and technical instruments company’s stock worth $112,087,000 after buying an additional 31,352 shares during the period. Finally, Westfield Capital Management Co. LP lifted its position in shares of Sensata Technologies by 67.6% during the 4th quarter. Westfield Capital Management Co. LP now owns 1,489,729 shares of the scientific and technical instruments company’s stock worth $55,969,000 after buying an additional 600,875 shares during the period. Institutional investors and hedge funds own 99.42% of the company’s stock.

Insider Buying and Selling

In related news, Director Ali John Mirshekari acquired 73,137 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was acquired at an average cost of $39.17 per share, with a total value of $2,864,776.29. Following the completion of the purchase, the director now directly owns 73,137 shares in the company, valued at $2,864,776.29. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by insiders.

Sensata Technologies Trading Up 0.7 %

Shares of ST stock traded up $0.26 on Monday, reaching $39.15. 1,584,766 shares of the stock were exchanged, compared to its average volume of 2,127,896. The stock has a market cap of $5.89 billion, a PE ratio of -353.55, a P/E/G ratio of 1.14 and a beta of 1.26. Sensata Technologies Holding plc has a one year low of $30.56 and a one year high of $46.95. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.64 and a quick ratio of 1.74. The stock has a 50 day moving average price of $39.95 and a 200 day moving average price of $37.08.

Sensata Technologies (NYSE:ST) last released its earnings results on Monday, April 29th. The scientific and technical instruments company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.03. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $986.51 million. Sensata Technologies had a positive return on equity of 17.58% and a negative net margin of 0.35%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.92 earnings per share. Equities research analysts forecast that Sensata Technologies Holding plc will post 3.75 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.23%. Sensata Technologies’s dividend payout ratio (DPR) is presently -436.36%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Robert W. Baird raised their target price on Sensata Technologies from $37.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 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 research report on Tuesday, April 9th. Evercore ISI upgraded Sensata Technologies from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $44.00 to $60.00 in a research report on Monday, May 6th. Truist Financial raised their target price on Sensata Technologies from $36.00 to $46.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Finally, Stifel Nicolaus lifted their price objective on Sensata Technologies from $36.00 to $43.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $43.78.

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.