AXQ Capital LP Makes New Investment in Sensata Technologies Holding plc (NYSE:ST)

AXQ Capital LP acquired a new position in Sensata Technologies Holding plc (NYSE:ST) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 19,709 shares of the scientific and technical instruments company’s stock, valued at approximately $540,000.

Several other institutional investors have also recently made changes to their positions in the stock. Janus Henderson Group PLC raised its stake in Sensata Technologies by 0.5% during the 3rd quarter. Janus Henderson Group PLC now owns 9,722,999 shares of the scientific and technical instruments company’s stock worth $348,666,000 after acquiring an additional 45,513 shares during the period. Boston Partners increased its stake in shares of Sensata Technologies by 11.6% in the fourth quarter. Boston Partners now owns 6,526,941 shares of the scientific and technical instruments company’s stock worth $179,087,000 after purchasing an additional 677,316 shares in the last quarter. State Street Corp raised its position in shares of Sensata Technologies by 0.4% during the 3rd quarter. State Street Corp now owns 5,470,903 shares of the scientific and technical instruments company’s stock valued at $196,187,000 after purchasing an additional 23,946 shares during the period. FMR LLC lifted its stake in shares of Sensata Technologies by 18.9% during the 3rd quarter. FMR LLC now owns 3,895,776 shares of the scientific and technical instruments company’s stock valued at $139,703,000 after buying an additional 618,202 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Sensata Technologies by 0.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,721,353 shares of the scientific and technical instruments company’s stock worth $97,588,000 after buying an additional 11,798 shares during the period. Institutional investors own 99.42% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on ST. Evercore ISI decreased their price target on Sensata Technologies from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Oppenheimer cut their target price on Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. The Goldman Sachs Group lowered their price target on Sensata Technologies from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, UBS Group cut their price objective on shares of Sensata Technologies from $38.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Sensata Technologies currently has an average rating of “Hold” and an average price target of $39.08.

Sensata Technologies Trading Down 2.6 %

Shares of ST opened at $27.17 on Friday. The company’s fifty day moving average is $27.92 and its 200 day moving average is $30.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.99 and a current ratio of 2.85. The stock has a market capitalization of $4.06 billion, a PE ratio of 32.35, a P/E/G ratio of 1.25 and a beta of 1.20. Sensata Technologies Holding plc has a fifty-two week low of $24.91 and a fifty-two week high of $43.14.

Sensata Technologies (NYSE:ST) last released its earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.76. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. Sell-side analysts expect that Sensata Technologies Holding plc will post 3.21 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Wednesday, February 12th. Sensata Technologies’s dividend payout ratio is presently 57.14%.

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.