Sensata Technologies (NYSE:ST) Reaches New 1-Year Low – Here’s Why

Sensata Technologies Holding plc (NYSE:ST)’s share price reached a new 52-week low on Thursday . The stock traded as low as $21.22 and last traded at $21.31, with a volume of 800412 shares trading hands. The stock had previously closed at $24.61.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ST shares. Evercore ISI cut Sensata Technologies from an “outperform” rating to an “inline” rating and lowered their target price for the stock from $40.00 to $27.00 in a report on Thursday. UBS Group cut their price target on shares of Sensata Technologies from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. The Goldman Sachs Group dropped their price target on Sensata Technologies from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Oppenheimer cut their target price on Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Sensata Technologies currently has a consensus rating of “Hold” and a consensus price target of $38.00.

Sensata Technologies Stock Performance

The company has a market capitalization of $2.79 billion, a PE ratio of 22.23, a PEG ratio of 1.25 and a beta of 1.20. The stock’s fifty day simple moving average is $27.16 and its 200-day simple moving average is $30.28. The company has a quick ratio of 1.99, a current ratio of 2.85 and a debt-to-equity ratio of 1.11.

Sensata Technologies (NYSE:ST) last released its quarterly earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.76. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. On average, research analysts predict that Sensata Technologies Holding plc will post 3.21 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.12 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.57%. Sensata Technologies’s dividend payout ratio is currently 57.14%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ST. Blue Trust Inc. increased its stake in Sensata Technologies by 738.7% during the fourth quarter. Blue Trust Inc. now owns 931 shares of the scientific and technical instruments company’s stock valued at $26,000 after purchasing an additional 820 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Sensata Technologies in the fourth quarter worth $27,000. Quarry LP lifted its holdings in Sensata Technologies by 61.2% in the third quarter. Quarry LP now owns 1,714 shares of the scientific and technical instruments company’s stock worth $61,000 after purchasing an additional 651 shares during the period. Venturi Wealth Management LLC raised its position in shares of Sensata Technologies by 67.6% during the 4th quarter. Venturi Wealth Management LLC now owns 2,026 shares of the scientific and technical instruments company’s stock worth $56,000 after buying an additional 817 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in Sensata Technologies by 48.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,523 shares of the scientific and technical instruments company’s stock worth $69,000 after purchasing an additional 820 shares during the period. 99.42% of the stock is owned by institutional investors and hedge funds.

About Sensata Technologies

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.