Highland Capital Management LLC Reduces Stake in Sensata Technologies Holding plc (NYSE:ST)

Highland Capital Management LLC decreased its stake in shares of Sensata Technologies Holding plc (NYSE:ST) by 7.4% during the second quarter, HoldingsChannel.com reports. The firm owned 14,236 shares of the scientific and technical instruments company’s stock after selling 1,135 shares during the period. Highland Capital Management LLC’s holdings in Sensata Technologies were worth $532,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ST. Principal Securities Inc. purchased a new stake in Sensata Technologies during the 4th quarter worth about $29,000. Parkside Financial Bank & Trust lifted its holdings in 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 worth $33,000 after purchasing an additional 784 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Sensata Technologies by 399.0% during the 2nd quarter. GAMMA Investing LLC now owns 968 shares of the scientific and technical instruments company’s stock worth $36,000 after purchasing an additional 774 shares in the last quarter. Versant Capital Management Inc purchased a new stake in Sensata Technologies during the 2nd quarter worth about $37,000. Finally, SageView Advisory Group LLC purchased a new stake in Sensata Technologies during the 1st quarter worth about $85,000. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Analysts Set New Price Targets

ST has been the topic of several recent analyst reports. Oppenheimer lowered their price target on Sensata Technologies from $50.00 to $47.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Evercore ISI raised 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 report on Monday, May 6th. Truist Financial lowered their price target on Sensata Technologies from $46.00 to $38.00 and set a “hold” rating on the stock in a report on Tuesday, July 30th. Robert W. Baird raised their price target on Sensata Technologies from $37.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, April 30th. Finally, Stifel Nicolaus raised their price target on Sensata Technologies from $36.00 to $43.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $44.10.

Sensata Technologies Price Performance

Shares of NYSE ST traded up $1.55 during trading hours on Friday, reaching $38.38. 1,062,252 shares of the stock traded hands, compared to its average volume of 2,082,106. The company has a market capitalization of $5.78 billion, a P/E ratio of -348.91, a price-to-earnings-growth ratio of 1.32 and a beta of 1.26. The company has a quick ratio of 1.31, a current ratio of 1.77 and a debt-to-equity ratio of 1.06. Sensata Technologies Holding plc has a 52-week low of $30.56 and a 52-week high of $43.14. The company’s 50-day simple moving average is $37.95 and its two-hundred day simple moving average is $37.40.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings data on Monday, July 29th. The scientific and technical instruments company reported $0.93 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.93. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Sensata Technologies had a return on equity of 17.57% and a net margin of 0.21%. Sensata Technologies’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period last year, the firm posted $0.97 EPS. Equities research analysts forecast that Sensata Technologies Holding plc will post 3.57 EPS for the current year.

Sensata Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, August 14th. This represents a $0.48 annualized dividend and a yield of 1.25%. Sensata Technologies’s payout ratio is -436.36%.

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.