Ontario Teachers Pension Plan Board Lowers Holdings in Sensata Technologies Holding plc (NYSE:ST)

Ontario Teachers Pension Plan Board cut its position in Sensata Technologies Holding plc (NYSE:ST) by 57.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,174 shares of the scientific and technical instruments company’s stock after selling 48,140 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Sensata Technologies were worth $1,297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of 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 worth $36,000 after acquiring an additional 774 shares during the last quarter. Versant Capital Management Inc bought a new stake in Sensata Technologies in the second quarter worth $37,000. Quarry LP raised its stake in shares of Sensata Technologies by 227.1% during the second quarter. Quarry LP now owns 1,063 shares of the scientific and technical instruments company’s stock valued at $40,000 after acquiring an additional 738 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of Sensata Technologies by 57.9% during the second quarter. First Horizon Advisors Inc. now owns 2,529 shares of the scientific and technical instruments company’s stock valued at $95,000 after acquiring an additional 927 shares during the last quarter. Finally, Assetmark Inc. increased its position in shares of Sensata Technologies by 19.0% during 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 during the period. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ST has been the topic of several analyst reports. Wolfe Research initiated coverage on shares of Sensata Technologies in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Oppenheimer decreased their price objective on shares of Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Evercore ISI reduced their price target on shares of Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating on the stock in a report on Tuesday, October 15th. UBS Group reduced their target price on shares of Sensata Technologies from $44.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Finally, Truist Financial reduced their target price on shares of Sensata Technologies from $38.00 to $33.00 and set a “hold” rating on the stock in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $41.00.

Sensata Technologies Price Performance

Shares of ST opened at $30.73 on Thursday. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.60 and a quick ratio of 1.76. The company’s fifty day moving average is $34.69 and its two-hundred day moving average is $37.41. Sensata Technologies Holding plc has a 1 year low of $30.43 and a 1 year high of $43.14.

Sensata Technologies (NYSE:ST) last issued its earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 EPS for the quarter, hitting the consensus estimate of $0.86. The company had revenue of $982.80 million for the quarter, compared to analyst estimates of $983.93 million. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. The business’s revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 EPS. On average, analysts forecast that Sensata Technologies Holding plc will post 3.43 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.48 dividend on an annualized basis and a yield of 1.56%. Sensata Technologies’s dividend payout ratio (DPR) is -88.89%.

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.