Quadrature Capital Ltd Makes New $1.05 Million Investment in Sensata Technologies Holding plc (NYSE:ST)

Quadrature Capital Ltd acquired a new stake in Sensata Technologies Holding plc (NYSE:ST) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,707 shares of the scientific and technical instruments company’s stock, valued at approximately $1,054,000.

A number of other hedge funds also recently modified their holdings of the stock. Principal Securities Inc. acquired a new position in Sensata Technologies in the 4th quarter valued at $29,000. Parkside Financial Bank & Trust boosted its position in shares of Sensata Technologies by 761.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 887 shares of the scientific and technical instruments company’s stock valued at $33,000 after acquiring an additional 784 shares during the period. SageView Advisory Group LLC acquired a new position in shares of Sensata Technologies in the first quarter valued at about $85,000. TFO Wealth Partners LLC increased its position 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 acquiring an additional 2,851 shares during the period. Finally, Covestor Ltd raised its stake in Sensata Technologies by 130.1% in the 1st quarter. Covestor Ltd now owns 3,815 shares of the scientific and technical instruments company’s stock worth $140,000 after purchasing an additional 2,157 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ST shares. Truist Financial increased their price target on Sensata Technologies from $36.00 to $46.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Stifel Nicolaus raised their target price on Sensata Technologies from $36.00 to $43.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Jefferies Financial Group started coverage on shares of Sensata Technologies in a research report on Tuesday, April 9th. They set a “hold” rating and a $40.00 price objective on the stock. The Goldman Sachs Group reissued a “neutral” rating and issued a $36.00 price target (down previously from $44.00) on shares of Sensata Technologies in a research report on Tuesday, April 9th. Finally, Evercore ISI raised shares of Sensata Technologies from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $44.00 to $60.00 in a report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $44.90.

Sensata Technologies Price Performance

NYSE:ST traded up $0.98 during mid-day trading on Friday, hitting $38.23. 1,752,836 shares of the stock traded hands, compared to its average volume of 1,880,158. The business’s 50-day moving average price is $39.49 and its 200 day moving average price is $37.15. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.64 and a quick ratio of 1.74. Sensata Technologies Holding plc has a 12-month low of $30.56 and a 12-month high of $43.14.

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

Sensata Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Wednesday, August 14th. Sensata Technologies’s payout ratio is -436.32%.

Insider Activity

In other news, Director Ali John Mirshekari purchased 73,137 shares of the stock in a transaction 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 completion of the transaction, the director now directly owns 73,137 shares of the company’s stock, valued at approximately $2,864,776.29. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.

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.