Westfield Capital Management Co. LP Sells 459,141 Shares of Sensata Technologies Holding plc (NYSE:ST)

Westfield Capital Management Co. LP trimmed its holdings in shares of Sensata Technologies Holding plc (NYSE:ST) by 21.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,732,186 shares of the scientific and technical instruments company’s stock after selling 459,141 shares during the quarter. Westfield Capital Management Co. LP owned 1.16% of Sensata Technologies worth $62,116,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Advisors Asset Management Inc. raised its position in Sensata Technologies by 2.7% in the first quarter. Advisors Asset Management Inc. now owns 57,166 shares of the scientific and technical instruments company’s stock worth $2,100,000 after acquiring an additional 1,517 shares during the period. Quadrature Capital Ltd purchased a new position in Sensata Technologies in the first quarter valued at approximately $1,054,000. Invenomic Capital Management LP grew its holdings in Sensata Technologies by 91.2% during the first quarter. Invenomic Capital Management LP now owns 879,192 shares of the scientific and technical instruments company’s stock valued at $32,302,000 after purchasing an additional 419,256 shares during the period. Swedbank AB purchased a new stake in Sensata Technologies in the first quarter worth $1,249,000. Finally, Boston Partners raised its stake in shares of Sensata Technologies by 13.0% in the first quarter. Boston Partners now owns 1,379,250 shares of the scientific and technical instruments company’s stock valued at $50,481,000 after buying an additional 158,947 shares during the period. 99.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ST has been the subject of several research reports. Wolfe Research started coverage on Sensata Technologies in a research note on Thursday, September 5th. They set a “peer perform” rating for the company. Robert W. Baird cut their target price on shares of Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Evercore ISI lowered their price target on shares of Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 15th. Oppenheimer dropped their price target on shares of Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating for the company in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $41.00.

Sensata Technologies Stock Performance

ST opened at $31.89 on Monday. 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 business’s fifty day simple moving average is $34.49 and its 200 day simple moving average is $37.18. Sensata Technologies Holding plc has a 52 week low of $30.43 and a 52 week high of $43.14.

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

Sensata Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders 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 annualized dividend and a dividend yield of 1.51%. Sensata Technologies’s dividend payout ratio is currently -88.89%.

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.