Sensata Technologies (NYSE:ST) Shares Down 5.4% – Here’s What Happened

Sensata Technologies Holding plc (NYSE:ST) shares fell 5.4% during mid-day trading on Thursday . The company traded as low as $26.02 and last traded at $25.98. 138,639 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 1,637,058 shares. The stock had previously closed at $27.46.

Wall Street Analyst Weigh In

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

Sensata Technologies Stock Down 5.1 %

The stock’s 50-day simple moving average is $27.80 and its 200 day simple moving average is $30.71. The company has a quick ratio of 1.99, a current ratio of 2.85 and a debt-to-equity ratio of 1.11. The firm has a market cap of $3.71 billion, a P/E ratio of 29.51, a PEG ratio of 1.25 and a beta of 1.20.

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

Sensata Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.94%. Sensata Technologies’s payout ratio is presently 57.14%.

Hedge Funds Weigh In On Sensata Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. Fuller & Thaler Asset Management Inc. grew its position in Sensata Technologies by 96.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 5,260,870 shares of the scientific and technical instruments company’s stock valued at $144,148,000 after purchasing an additional 2,587,183 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Sensata Technologies by 36.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,821,428 shares of the scientific and technical instruments company’s stock valued at $214,308,000 after buying an additional 2,088,161 shares in the last quarter. Norges Bank acquired a new position in shares of Sensata Technologies during the fourth quarter valued at about $48,580,000. Woodline Partners LP increased its position in shares of Sensata Technologies by 65.2% during the fourth quarter. Woodline Partners LP now owns 2,277,826 shares of the scientific and technical instruments company’s stock worth $62,412,000 after acquiring an additional 898,835 shares in the last quarter. Finally, Eminence Capital LP raised its holdings in shares of Sensata Technologies by 25.2% in the 4th quarter. Eminence Capital LP now owns 4,318,718 shares of the scientific and technical instruments company’s stock worth $118,333,000 after acquiring an additional 870,419 shares during the last quarter. Institutional investors own 99.42% of the company’s stock.

Sensata Technologies Company 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.