Ontario Teachers Pension Plan Board Trims Holdings in Sensata Technologies Holding plc (NYSE:ST)

Ontario Teachers Pension Plan Board cut its stake in Sensata Technologies Holding plc (NYSE:ST) by 57.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 36,174 shares of the scientific and technical instruments company’s stock after selling 48,140 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Sensata Technologies were worth $1,297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the business. Millennium Management LLC boosted its position in Sensata Technologies by 84.8% during the 2nd quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company’s stock worth $189,158,000 after acquiring an additional 2,321,782 shares during the period. Eminence Capital LP grew its holdings in shares of Sensata Technologies by 31.8% during the second quarter. Eminence Capital LP now owns 3,423,317 shares of the scientific and technical instruments company’s stock worth $127,998,000 after purchasing an additional 826,353 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Sensata Technologies by 64.5% during the second quarter. Victory Capital Management Inc. now owns 1,854,773 shares of the scientific and technical instruments company’s stock valued at $69,350,000 after acquiring an additional 727,521 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Sensata Technologies by 16.5% during the second quarter. Dimensional Fund Advisors LP now owns 4,643,665 shares of the scientific and technical instruments company’s stock valued at $173,627,000 after acquiring an additional 658,728 shares during the period. Finally, Liontrust Investment Partners LLP acquired a new position in shares of Sensata Technologies during the second quarter valued at $16,242,000. 99.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wolfe Research assumed coverage on Sensata Technologies in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. Oppenheimer cut their target price on Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. The Goldman Sachs Group dropped their price target on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 1st. Stifel Nicolaus dropped their price target on Sensata Technologies from $43.00 to $38.00 and set a “hold” rating on the stock in a research report on Tuesday, November 5th. Finally, Robert W. Baird decreased their price target on Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Sensata Technologies presently has an average rating of “Hold” and a consensus target price of $41.00.

Sensata Technologies Trading Down 0.8 %

Shares of ST opened at $30.73 on Thursday. Sensata Technologies Holding plc has a 52-week low of $30.43 and a 52-week high of $43.14. The business’s fifty day moving average is $34.69 and its 200-day moving average is $37.41. The company has a current ratio of 2.60, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings data on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.86. The business had revenue of $982.80 million for the quarter, compared to analyst estimates of $983.93 million. Sensata Technologies had a positive return on equity of 17.68% and a negative net margin of 1.98%. Sensata Technologies’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS. As a group, analysts forecast that Sensata Technologies Holding plc will post 3.43 earnings per share for the current year.

Sensata Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.48 dividend on an annualized basis and a yield of 1.56%. Sensata Technologies’s dividend payout ratio is currently -88.89%.

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.