Reinhart Partners LLC. Sells 21,197 Shares of Sensata Technologies Holding plc (NYSE:ST)

Reinhart Partners LLC. lessened its position in shares of Sensata Technologies Holding plc (NYSE:ST) by 7.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 264,324 shares of the scientific and technical instruments company’s stock after selling 21,197 shares during the period. Reinhart Partners LLC. owned 0.18% of Sensata Technologies worth $9,479,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in Sensata Technologies by 399.0% in the 2nd quarter. GAMMA Investing LLC now owns 968 shares of the scientific and technical instruments company’s stock valued at $36,000 after buying an additional 774 shares in the last quarter. Versant Capital Management Inc bought a new stake in shares of Sensata Technologies during the 2nd quarter valued at $37,000. Quarry LP raised its stake in shares of Sensata Technologies by 227.1% during the 2nd quarter. Quarry LP now owns 1,063 shares of the scientific and technical instruments company’s stock valued at $40,000 after purchasing an additional 738 shares during the period. SageView Advisory Group LLC purchased a new stake in Sensata Technologies during the 1st quarter worth about $85,000. Finally, First Horizon Advisors Inc. boosted its stake in Sensata Technologies by 57.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,529 shares of the scientific and technical instruments company’s stock worth $95,000 after purchasing an additional 927 shares during the period. Institutional investors own 99.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ST shares. The Goldman Sachs Group cut their price objective on shares of Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating for the company in a research report on Tuesday, October 1st. Oppenheimer reduced their price target on shares of Sensata Technologies from $50.00 to $47.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. JPMorgan Chase & Co. lowered their price objective on Sensata Technologies from $35.00 to $34.00 and set an “underweight” rating on the stock in a research report on Friday, October 4th. Truist Financial reduced their target price on Sensata Technologies from $46.00 to $38.00 and set a “hold” rating for the company in a research report on Tuesday, July 30th. Finally, Wolfe Research began coverage on Sensata Technologies in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $44.40.

Sensata Technologies Stock Performance

Shares of NYSE ST opened at $35.96 on Friday. The stock’s 50-day moving average is $36.09 and its 200 day moving average is $37.69. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of -326.91, a P/E/G ratio of 1.38 and a beta of 1.25. Sensata Technologies Holding plc has a 1-year low of $30.56 and a 1-year high of $43.14. The company has a current ratio of 1.77, a quick ratio of 1.31 and a debt-to-equity ratio of 1.06.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.93 EPS for the quarter, hitting the consensus estimate of $0.93. Sensata Technologies had a net margin of 0.21% and a return on equity of 17.57%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the firm posted $0.97 earnings per share. The business’s revenue was down 2.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Sensata Technologies Holding plc will post 3.56 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.33%. Sensata Technologies’s dividend payout ratio is presently -436.36%.

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.