Massachusetts Financial Services Co. MA Has $97.59 Million Stock Position in Sensata Technologies Holding plc (NYSE:ST)

Massachusetts Financial Services Co. MA increased its position in Sensata Technologies Holding plc (NYSE:ST) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,721,353 shares of the scientific and technical instruments company’s stock after buying an additional 11,798 shares during the period. Massachusetts Financial Services Co. MA owned 1.82% of Sensata Technologies worth $97,588,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ST. GAMMA Investing LLC increased its stake in Sensata Technologies by 399.0% during the 2nd quarter. GAMMA Investing LLC now owns 968 shares of the scientific and technical instruments company’s stock valued at $36,000 after purchasing an additional 774 shares in the last quarter. Versant Capital Management Inc bought a new stake in shares of Sensata Technologies during the second quarter worth about $37,000. Quarry LP raised its holdings in shares of Sensata Technologies by 227.1% in the 2nd quarter. Quarry LP now owns 1,063 shares of the scientific and technical instruments company’s stock worth $40,000 after acquiring an additional 738 shares during the last quarter. Assetmark Inc. lifted its position in Sensata Technologies by 19.0% in the 3rd quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company’s stock valued at $93,000 after acquiring an additional 416 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in Sensata Technologies by 57.9% during 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 in the last quarter. 99.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ST. Stifel Nicolaus decreased their price target on Sensata Technologies from $43.00 to $38.00 and set a “hold” rating for the company in a report on Tuesday, November 5th. Wolfe Research assumed coverage on shares of Sensata Technologies in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. Oppenheimer dropped their price target on shares of Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Bank of America decreased 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, July 30th. Finally, UBS Group reduced their target price on Sensata Technologies from $44.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, Sensata Technologies presently has an average rating of “Hold” and a consensus price target of $41.00.

Sensata Technologies Trading Up 3.3 %

NYSE:ST opened at $31.89 on Friday. The firm has a market capitalization of $4.77 billion, a P/E ratio of -59.05, a PEG ratio of 0.90 and a beta of 1.25. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.60 and a quick ratio of 1.76. Sensata Technologies Holding plc has a one year low of $30.43 and a one year high of $43.14. The company’s 50-day simple moving average is $34.49 and its 200 day simple moving average is $37.25.

Sensata Technologies (NYSE:ST) last issued its quarterly 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. The firm had revenue of $982.80 million during the quarter, compared to the consensus estimate of $983.93 million. Sensata Technologies had a positive return on equity of 17.68% and a negative net margin of 1.98%. The company’s revenue was down 1.8% on a year-over-year basis. During the same period last year, the company earned $0.91 earnings per share. As a group, analysts forecast that Sensata Technologies Holding plc will post 3.43 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The business 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 is Wednesday, November 13th. This represents a $0.48 dividend on an annualized basis and a yield of 1.51%. Sensata Technologies’s dividend payout ratio (DPR) is -88.89%.

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.