Retirement Systems of Alabama Sells 2,669 Shares of Sensata Technologies Holding plc (NYSE:ST)

Retirement Systems of Alabama lowered its stake in shares of Sensata Technologies Holding plc (NYSE:ST) by 1.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 183,378 shares of the scientific and technical instruments company’s stock after selling 2,669 shares during the quarter. Retirement Systems of Alabama’s holdings in Sensata Technologies were worth $6,576,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ST. Quarry LP lifted its position in shares of Sensata Technologies by 227.1% during 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. First Horizon Advisors Inc. boosted its position in Sensata Technologies by 57.9% in the second 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 during the last quarter. Assetmark Inc. grew its stake 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 purchasing an additional 416 shares during the period. nVerses Capital LLC bought a new position in Sensata Technologies in the 2nd quarter valued at $131,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Sensata Technologies during the 2nd quarter valued at $142,000. 99.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ST. Wolfe Research initiated coverage on shares of Sensata Technologies in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. decreased their price target on shares of Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating for the company in a research note on Tuesday, November 5th. Evercore ISI dropped their price objective on Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 15th. The Goldman Sachs Group decreased their target price on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating for the company in a research report on Tuesday, October 1st. Finally, Oppenheimer lowered their target price on Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Sensata Technologies currently has a consensus rating of “Hold” and a consensus target price of $41.00.

Sensata Technologies Price Performance

Shares of NYSE ST opened at $28.17 on Thursday. 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 fifty-two week low of $28.04 and a fifty-two week high of $43.14. The stock has a market cap of $4.21 billion, a PE ratio of -52.17, a price-to-earnings-growth ratio of 0.89 and a beta of 1.22. The stock has a fifty day moving average of $32.93 and a 200-day moving average of $35.84.

Sensata Technologies (NYSE:ST) last posted its earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share 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 quarter in the previous year, the firm earned $0.91 EPS. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. Equities research analysts anticipate that Sensata Technologies Holding plc will post 3.43 earnings per share for the current year.

Sensata Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.70%. The ex-dividend date was Wednesday, November 13th. Sensata Technologies’s dividend payout ratio is presently -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.