Louisiana State Employees Retirement System Makes New Investment in Sensata Technologies Holding plc (NYSE:ST)

Louisiana State Employees Retirement System acquired a new position in Sensata Technologies Holding plc (NYSE:ST) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 42,500 shares of the scientific and technical instruments company’s stock, valued at approximately $1,597,000.

Other institutional investors have also added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky bought a new position in shares of Sensata Technologies during the third quarter valued at $1,294,000. Olstein Capital Management L.P. increased its holdings in shares of Sensata Technologies by 11.4% during the fourth quarter. Olstein Capital Management L.P. now owns 341,000 shares of the scientific and technical instruments company’s stock valued at $12,811,000 after acquiring an additional 35,000 shares in the last quarter. Schroder Investment Management Group increased its holdings in shares of Sensata Technologies by 6.0% during the third quarter. Schroder Investment Management Group now owns 2,952,062 shares of the scientific and technical instruments company’s stock valued at $111,647,000 after acquiring an additional 166,584 shares in the last quarter. Kempner Capital Management Inc. increased its holdings in shares of Sensata Technologies by 99.8% during the fourth quarter. Kempner Capital Management Inc. now owns 85,823 shares of the scientific and technical instruments company’s stock valued at $3,224,000 after acquiring an additional 42,867 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Sensata Technologies by 71.1% during the third quarter. Invesco Ltd. now owns 303,865 shares of the scientific and technical instruments company’s stock valued at $11,492,000 after acquiring an additional 126,295 shares in the last quarter. Institutional investors own 99.42% of the company’s stock.

Sensata Technologies Price Performance

Shares of NYSE:ST opened at $33.70 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.55 and a quick ratio of 1.69. The stock’s 50-day simple moving average is $34.94 and its two-hundred day simple moving average is $34.81. Sensata Technologies Holding plc has a 52-week low of $30.56 and a 52-week high of $48.15.

Sensata Technologies (NYSE:ST) last announced its earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.05). The firm had revenue of $992.50 million during the quarter, compared to analysts’ expectations of $978.05 million. Sensata Technologies had a positive return on equity of 17.47% and a negative net margin of 0.10%. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.96 earnings per share. As a group, equities analysts forecast that Sensata Technologies Holding plc will post 3.72 earnings per share for the current year.

Sensata Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Tuesday, February 13th. Sensata Technologies’s dividend payout ratio (DPR) is currently -959.81%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ST shares. The Goldman Sachs Group restated a “neutral” rating and set a $36.00 price target (down from $44.00) on shares of Sensata Technologies in a report on Tuesday, April 9th. JPMorgan Chase & Co. cut Sensata Technologies from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $37.00 to $34.00 in a research report on Monday, January 8th. Truist Financial dropped their price objective on Sensata Technologies from $39.00 to $36.00 and set a “hold” rating on the stock in a research report on Wednesday, February 7th. Jefferies Financial Group initiated coverage on Sensata Technologies in a research report on Tuesday, April 9th. They set a “hold” rating and a $40.00 price objective on the stock. Finally, Bank of America cut Sensata Technologies from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $46.00 to $38.00 in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $39.25.

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.