Handelsinvest Investeringsforvaltning Trims Position in Sensata Technologies Holding plc (NYSE:ST)

Handelsinvest Investeringsforvaltning lessened its stake in shares of Sensata Technologies Holding plc (NYSE:ST) by 34.2% during the 1st quarter, Holdings Channel reports. The fund owned 6,293 shares of the scientific and technical instruments company’s stock after selling 3,267 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in Sensata Technologies were worth $231,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Fulton Bank N.A. raised its holdings in Sensata Technologies by 1.2% in the 1st quarter. Fulton Bank N.A. now owns 25,912 shares of the scientific and technical instruments company’s stock valued at $952,000 after buying an additional 317 shares during the period. Northwest Investment Counselors LLC raised its holdings in Sensata Technologies by 1.1% in the 1st quarter. Northwest Investment Counselors LLC now owns 28,174 shares of the scientific and technical instruments company’s stock valued at $1,035,000 after buying an additional 320 shares during the period. Treasurer of the State of North Carolina raised its holdings in Sensata Technologies by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 66,248 shares of the scientific and technical instruments company’s stock valued at $2,505,000 after buying an additional 340 shares during the period. Highland Capital Management LLC raised its holdings in Sensata Technologies by 3.3% in the 4th quarter. Highland Capital Management LLC now owns 15,571 shares of the scientific and technical instruments company’s stock valued at $585,000 after buying an additional 500 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in Sensata Technologies by 3.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 18,665 shares of the scientific and technical instruments company’s stock valued at $701,000 after buying an additional 539 shares during the period. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Wall Street Analysts Forecast Growth

ST has been the topic of several research analyst reports. The Goldman Sachs Group restated a “neutral” rating and issued a $36.00 price objective (down from $44.00) on shares of Sensata Technologies in a report on Tuesday, April 9th. Jefferies Financial Group began coverage on Sensata Technologies in a research report on Tuesday, April 9th. They issued a “hold” rating and a $40.00 target price for the company. Robert W. Baird lifted their target price on Sensata Technologies from $37.00 to $47.00 and gave the company a “neutral” rating in a research report on Tuesday, April 30th. Stifel Nicolaus lifted their target price on Sensata Technologies from $36.00 to $43.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Finally, Evercore ISI raised Sensata Technologies from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $44.00 to $60.00 in a research report on Monday, May 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Sensata Technologies has a consensus rating of “Hold” and a consensus target price of $43.78.

Insider Buying and Selling

In other news, Director Ali John Mirshekari bought 73,137 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were acquired at an average price of $39.17 per share, for a total transaction of $2,864,776.29. Following the completion of the transaction, the director now owns 73,137 shares of the company’s stock, valued at $2,864,776.29. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by company insiders.

Sensata Technologies Stock Performance

Shares of Sensata Technologies stock traded down $0.10 on Wednesday, reaching $37.59. 15,390 shares of the company were exchanged, compared to its average volume of 2,133,361. Sensata Technologies Holding plc has a 1-year low of $30.56 and a 1-year high of $47.41. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.74 and a current ratio of 2.64. The stock’s 50 day moving average price is $39.75 and its 200-day moving average price is $36.84.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings data on Monday, April 29th. The scientific and technical instruments company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.03. Sensata Technologies had a positive return on equity of 17.58% and a negative net margin of 0.35%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $986.51 million. During the same period in the previous year, the company posted $0.92 earnings per share. The business’s revenue for the quarter was up .9% on a year-over-year basis. Research analysts anticipate that Sensata Technologies Holding plc will post 3.75 EPS for the current year.

Sensata Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Tuesday, May 7th. Sensata Technologies’s payout ratio is -436.32%.

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.