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

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

Several other large investors have also recently made changes to their positions in ST. Fifth Third Bancorp raised its position in Sensata Technologies by 0.9% in the second quarter. Fifth Third Bancorp now owns 29,509 shares of the scientific and technical instruments company’s stock valued at $1,103,000 after purchasing an additional 275 shares during the period. Assetmark Inc. grew its stake in shares of Sensata Technologies by 19.0% in the third quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company’s stock valued at $93,000 after buying an additional 416 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Sensata Technologies by 1.3% in 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 buying an additional 529 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in Sensata Technologies by 1.3% during the 3rd 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 acquiring an additional 602 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC boosted its holdings in Sensata Technologies by 5.9% during the 2nd quarter. NorthCrest Asset Manangement LLC now owns 12,966 shares of the scientific and technical instruments company’s stock valued at $485,000 after acquiring an additional 720 shares during the period. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Sensata Technologies Stock Performance

Shares of NYSE ST opened at $32.17 on Wednesday. The stock’s 50-day simple moving average is $34.39 and its 200-day simple moving average is $37.05. Sensata Technologies Holding plc has a fifty-two week low of $30.43 and a fifty-two week high of $43.14. 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 (NYSE:ST) last released its quarterly earnings data on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.86. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. The company had revenue of $982.80 million for the quarter, compared to analysts’ expectations of $983.93 million. During the same quarter last year, the company earned $0.91 earnings per share. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. Equities research analysts forecast that Sensata Technologies Holding plc will post 3.43 EPS for the current year.

Sensata Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Wednesday, November 13th. Sensata Technologies’s payout ratio is -88.89%.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. UBS Group cut their price target 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. Stifel Nicolaus reduced their target price on shares of Sensata Technologies from $43.00 to $38.00 and set a “hold” rating on the stock in a report on Tuesday, November 5th. Truist Financial dropped their price target on shares of Sensata Technologies from $38.00 to $33.00 and set a “hold” rating for the company in a research note on Tuesday, November 5th. JPMorgan Chase & Co. reduced their price objective on Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 5th. Finally, Evercore ISI lowered their target price 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. One equities 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, the company presently has a consensus rating of “Hold” and a consensus price target 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.