Sensata Technologies Holding plc (NYSE:ST) Shares Bought by Qsemble Capital Management LP

Qsemble Capital Management LP boosted its stake in shares of Sensata Technologies Holding plc (NYSE:ST) by 37.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 18,378 shares of the scientific and technical instruments company’s stock after purchasing an additional 5,044 shares during the period. Qsemble Capital Management LP’s holdings in Sensata Technologies were worth $659,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Fifth Third Bancorp grew its holdings in Sensata Technologies by 0.9% during the second quarter. Fifth Third Bancorp now owns 29,509 shares of the scientific and technical instruments company’s stock worth $1,103,000 after acquiring an additional 275 shares during the period. Assetmark Inc. grew its stake in shares of Sensata Technologies by 19.0% during the 3rd quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company’s stock worth $93,000 after purchasing an additional 416 shares during the period. Arizona State Retirement System increased its holdings in shares of Sensata Technologies by 1.3% during the 2nd quarter. Arizona State Retirement System now owns 42,125 shares of the scientific and technical instruments company’s stock valued at $1,575,000 after purchasing an additional 529 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Sensata Technologies by 1.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 46,114 shares of the scientific and technical instruments company’s stock worth $1,654,000 after buying an additional 602 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC boosted its holdings in Sensata Technologies by 5.9% during the second quarter. NorthCrest Asset Manangement LLC now owns 12,966 shares of the scientific and technical instruments company’s stock worth $485,000 after buying an additional 720 shares in the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Wall Street Analyst Weigh In

ST has been the subject of a number of analyst reports. Robert W. Baird decreased their price objective on shares of Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Truist Financial lowered their price target on Sensata Technologies from $38.00 to $33.00 and set a “hold” rating on the stock in a research report on Tuesday, November 5th. TD Cowen dropped their price objective on Sensata Technologies from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Stifel Nicolaus reduced 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. Finally, Evercore ISI dropped their price target on shares of Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 15th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $41.00.

Sensata Technologies Price Performance

ST opened at $32.17 on Wednesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.60. Sensata Technologies Holding plc has a twelve month low of $30.43 and a twelve month high of $43.14. The firm’s 50-day moving average price is $34.39 and its 200 day moving average price is $37.05.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 analyst estimates of $983.93 million. During the same period in the prior year, the business earned $0.91 earnings per share. The business’s revenue was down 1.8% compared to the same quarter last year. As a group, equities analysts expect that Sensata Technologies Holding plc will post 3.43 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders 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 annualized dividend and a dividend yield of 1.49%. Sensata Technologies’s payout ratio is -88.89%.

Sensata Technologies 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.