Massachusetts Financial Services Co. MA Acquires 11,798 Shares of Sensata Technologies Holding plc (NYSE:ST)

Massachusetts Financial Services Co. MA boosted its holdings in shares of Sensata Technologies Holding plc (NYSE:ST) by 0.4% during the 3rd quarter, Holdings Channel reports. 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’s holdings in Sensata Technologies were worth $97,588,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its holdings 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 buying an additional 774 shares in the last quarter. Versant Capital Management Inc bought a new stake in Sensata Technologies in the second quarter worth $37,000. Quarry LP grew its stake 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 buying an additional 738 shares in the last quarter. Assetmark Inc. increased its holdings in shares of 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 worth $93,000 after buying an additional 416 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its position in shares of 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 valued at $95,000 after buying an additional 927 shares in the last quarter. 99.42% of the stock is owned by hedge funds and other institutional investors.

Sensata Technologies Stock Performance

Shares of ST stock opened at $31.89 on Friday. The company has a market capitalization of $4.77 billion, a P/E ratio of -59.05, a P/E/G ratio of 0.90 and a beta of 1.25. Sensata Technologies Holding plc has a 12-month low of $30.43 and a 12-month high of $43.14. The business’s 50 day moving average is $34.49 and its two-hundred day moving average is $37.25. 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 released 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. The firm had revenue of $982.80 million for the quarter, compared to analysts’ expectations of $983.93 million. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 EPS. Analysts expect that Sensata Technologies Holding plc will post 3.43 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 1.51%. Sensata Technologies’s dividend payout ratio (DPR) is presently -88.89%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ST shares. Evercore ISI lowered their price objective on Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating for the company in a research note on Tuesday, October 15th. Truist Financial decreased their price target 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. The Goldman Sachs Group lowered their price objective on shares of Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating for the company in a research report on Tuesday, October 1st. Wolfe Research assumed coverage on Sensata Technologies in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Finally, UBS Group dropped their price objective on shares of Sensata Technologies from $44.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $41.00.

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.