Sensata Technologies (NYSE:ST) Reaches New 12-Month Low – Here’s Why

Sensata Technologies Holding plc (NYSE:ST)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $27.12 and last traded at $27.38, with a volume of 217200 shares changing hands. The stock had previously closed at $27.24.

Analyst Ratings Changes

ST has been the topic of a number of recent research reports. UBS Group reduced their target price on shares of Sensata Technologies from $44.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Stifel Nicolaus lowered their target price on Sensata Technologies from $43.00 to $38.00 and set a “hold” rating for the company in a research note on Tuesday, November 5th. Oppenheimer dropped their target price on Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Truist Financial lowered their price objective on Sensata Technologies from $38.00 to $33.00 and set a “hold” rating for the company in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. cut their target price on Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $41.00.

Sensata Technologies Stock Up 0.3 %

The company has a debt-to-equity ratio of 1.08, a current ratio of 2.60 and a quick ratio of 1.76. The firm has a market capitalization of $4.09 billion, a P/E ratio of -50.59, a PEG ratio of 0.89 and a beta of 1.22. The firm’s fifty day moving average price is $32.59 and its 200-day moving average price is $35.63.

Sensata Technologies (NYSE:ST) last announced its earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, meeting the consensus estimate of $0.86. Sensata Technologies had a positive return on equity of 17.68% and a negative net margin of 1.98%. The business had revenue of $982.80 million during the quarter, compared to analysts’ expectations of $983.93 million. During the same quarter last year, the business posted $0.91 earnings per share. The company’s quarterly revenue was down 1.8% on a year-over-year basis. As a group, equities research analysts forecast that Sensata Technologies Holding plc will post 3.43 earnings per share for the current year.

Sensata Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.76%. The ex-dividend date was Wednesday, November 13th. Sensata Technologies’s dividend payout ratio is -88.89%.

Hedge Funds Weigh In On Sensata Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP grew its stake in 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 acquiring an additional 738 shares in the last quarter. Assetmark Inc. grew its position in Sensata Technologies by 19.0% during the third quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company’s stock valued at $93,000 after purchasing an additional 416 shares in the last quarter. nVerses Capital LLC acquired a new position in Sensata Technologies in the 2nd quarter valued at approximately $131,000. Canada Pension Plan Investment Board purchased a new stake in Sensata Technologies in the 2nd quarter worth approximately $142,000. Finally, Capstone Investment Advisors LLC acquired a new stake in shares of Sensata Technologies during the 3rd quarter valued at $237,000. Institutional investors and hedge funds own 99.42% of the company’s stock.

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.