Clearbridge Investments LLC Sells 1,072,329 Shares of Sensata Technologies Holding plc (NYSE:ST)

Clearbridge Investments LLC cut its position in shares of Sensata Technologies Holding plc (NYSE:ST) by 86.2% during the first quarter, HoldingsChannel.com reports. The firm owned 172,062 shares of the scientific and technical instruments company’s stock after selling 1,072,329 shares during the period. Clearbridge Investments LLC’s holdings in Sensata Technologies were worth $6,322,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Principal Securities Inc. bought a new stake in shares of Sensata Technologies during the fourth quarter valued at approximately $29,000. Parkside Financial Bank & Trust grew its position in Sensata Technologies by 761.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 887 shares of the scientific and technical instruments company’s stock valued at $33,000 after acquiring an additional 784 shares during the period. SageView Advisory Group LLC bought a new stake in Sensata Technologies in the first quarter valued at $85,000. TFO Wealth Partners LLC grew its position in Sensata Technologies by 17,818.8% in the fourth quarter. TFO Wealth Partners LLC now owns 2,867 shares of the scientific and technical instruments company’s stock valued at $108,000 after acquiring an additional 2,851 shares during the period. Finally, Covestor Ltd grew its position in Sensata Technologies by 130.1% in the first quarter. Covestor Ltd now owns 3,815 shares of the scientific and technical instruments company’s stock valued at $140,000 after acquiring an additional 2,157 shares during the period. 99.42% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Sensata Technologies news, Director Ali John Mirshekari purchased 73,137 shares of the stock in a transaction on Thursday, May 2nd. The stock was bought at an average cost of $39.17 per share, for a total transaction of $2,864,776.29. Following the completion of the acquisition, the director now directly 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 SEC, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Sensata Technologies Trading Down 0.1 %

Shares of ST traded down $0.03 during trading hours on Thursday, hitting $37.22. 36,332 shares of the stock traded hands, compared to its average volume of 2,107,126. 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 Holding plc has a 1-year low of $30.56 and a 1-year high of $43.14. The firm has a market capitalization of $5.60 billion, a PE ratio of -338.61, a price-to-earnings-growth ratio of 1.13 and a beta of 1.26. The business has a fifty day moving average of $39.69 and a 200-day moving average of $37.12.

Sensata Technologies (NYSE:ST) last released its quarterly earnings data on Monday, April 29th. The scientific and technical instruments company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.03. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $986.51 million. Sensata Technologies had a positive return on equity of 17.58% and a negative net margin of 0.35%. The firm’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.92 earnings per share. Analysts expect that Sensata Technologies Holding plc will post 3.75 EPS for the current year.

Sensata Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.48 annualized dividend and a dividend yield of 1.29%. Sensata Technologies’s dividend payout ratio (DPR) is currently -436.32%.

Analyst Ratings Changes

ST has been the topic of a number of analyst reports. Stifel Nicolaus upped their price target on Sensata Technologies from $36.00 to $43.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $36.00 price target (down from $44.00) on shares of Sensata Technologies in a research report on Tuesday, April 9th. Evercore ISI upgraded Sensata Technologies from an “in-line” rating to an “outperform” rating and upped their price target for the company from $44.00 to $60.00 in a research report on Monday, May 6th. Jefferies Financial Group initiated coverage on Sensata Technologies in a research note on Tuesday, April 9th. They issued a “hold” rating and a $40.00 price objective on the stock. Finally, Vertical Research initiated coverage on Sensata Technologies in a research note on Tuesday. They issued a “buy” rating and a $55.00 price objective on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $44.90.

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.