Kennedy Capital Management LLC Sells 12,569 Shares of Sensata Technologies Holding plc (NYSE:ST)

Kennedy Capital Management LLC lessened its position in shares of Sensata Technologies Holding plc (NYSE:ST) by 6.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 171,445 shares of the scientific and technical instruments company’s stock after selling 12,569 shares during the period. Kennedy Capital Management LLC owned 0.11% of Sensata Technologies worth $6,299,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. AlphaMark Advisors LLC boosted its stake in Sensata Technologies by 21.9% in the fourth quarter. AlphaMark Advisors LLC now owns 5,430 shares of the scientific and technical instruments company’s stock valued at $204,000 after acquiring an additional 975 shares during the last quarter. Arizona State Retirement System boosted its position in Sensata Technologies by 2.2% during the 4th quarter. Arizona State Retirement System now owns 42,609 shares of the scientific and technical instruments company’s stock valued at $1,601,000 after buying an additional 897 shares during the period. International Assets Investment Management LLC purchased a new stake in Sensata Technologies during the 4th quarter valued at $1,310,000. Kempner Capital Management Inc. increased its stake in shares of Sensata Technologies by 99.8% in the 4th quarter. Kempner Capital Management Inc. now owns 85,823 shares of the scientific and technical instruments company’s stock worth $3,224,000 after acquiring an additional 42,867 shares in the last quarter. Finally, Fulton Bank N.A. increased its stake in shares of Sensata Technologies by 6.7% in the 4th quarter. Fulton Bank N.A. now owns 25,595 shares of the scientific and technical instruments company’s stock worth $962,000 after acquiring an additional 1,608 shares in the last quarter. Institutional investors own 99.42% of the company’s stock.

Insider Activity at Sensata Technologies

In related news, Director Ali John Mirshekari purchased 73,137 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were purchased at an average price of $39.17 per share, with a total value of $2,864,776.29. Following the purchase, the director now owns 73,137 shares of the company’s stock, valued at $2,864,776.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Robert W. Baird increased their price target on shares of Sensata Technologies from $37.00 to $47.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 30th. Bank of America reduced their price objective on shares of Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating for the company in a research note on Tuesday. Jefferies Financial Group started coverage on shares of Sensata Technologies in a research note on Tuesday, April 9th. They set a “hold” rating and a $40.00 price objective for the company. Stifel Nicolaus raised their price objective on shares of Sensata Technologies from $36.00 to $43.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Finally, Evercore ISI upgraded shares of Sensata Technologies from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $44.00 to $60.00 in a research note on Monday, May 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $44.10.

Sensata Technologies Stock Performance

NYSE ST traded up $0.46 during trading hours on Wednesday, hitting $38.63. 144,949 shares of the company’s stock traded hands, compared to its average volume of 2,124,198. The firm has a market capitalization of $5.81 billion, a P/E ratio of -346.51, a P/E/G ratio of 1.09 and a beta of 1.26. Sensata Technologies Holding plc has a 52 week low of $30.56 and a 52 week high of $43.14. The business’s fifty day moving average price is $39.31 and its two-hundred day moving average price is $37.21. The company has a current ratio of 2.64, a quick ratio of 1.74 and a debt-to-equity ratio of 1.14.

Sensata Technologies (NYSE:ST) last issued its earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 net margin of 0.21% and a return on equity of 17.49%. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.97 EPS. Equities research analysts predict that Sensata Technologies Holding plc will post 3.75 EPS for the current year.

Sensata Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 28th. Stockholders 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 1.24%. Sensata Technologies’s payout ratio is -436.32%.

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.