Y Intercept Hong Kong Ltd Lowers Stock Position in Sensata Technologies Holding plc (NYSE:ST)

Y Intercept Hong Kong Ltd trimmed its holdings in shares of Sensata Technologies Holding plc (NYSE:ST) by 24.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,763 shares of the scientific and technical instruments company’s stock after selling 6,556 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Sensata Technologies were worth $709,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Millennium Management LLC increased its holdings in shares of Sensata Technologies by 84.8% in the 2nd quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company’s stock valued at $189,158,000 after acquiring an additional 2,321,782 shares during the period. Easterly Investment Partners LLC grew its stake in Sensata Technologies by 3.7% in the second quarter. Easterly Investment Partners LLC now owns 228,440 shares of the scientific and technical instruments company’s stock valued at $8,541,000 after purchasing an additional 8,088 shares during the last quarter. State Street Corp raised its holdings in Sensata Technologies by 0.4% in the third quarter. State Street Corp now owns 5,470,903 shares of the scientific and technical instruments company’s stock worth $196,187,000 after purchasing an additional 23,946 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Sensata Technologies by 9.6% during the second quarter. Bank of New York Mellon Corp now owns 1,406,451 shares of the scientific and technical instruments company’s stock valued at $52,587,000 after buying an additional 122,795 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Sensata Technologies by 24.9% in the 2nd quarter. Sei Investments Co. now owns 458,457 shares of the scientific and technical instruments company’s stock valued at $17,142,000 after buying an additional 91,452 shares in the last quarter. Institutional investors own 99.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Stifel Nicolaus reduced their price objective on shares of Sensata Technologies from $43.00 to $38.00 and set a “hold” rating for the company in a research note on Tuesday, November 5th. Robert W. Baird reduced their price target on Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Evercore ISI lowered their price objective on Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating for the company in a research report on Tuesday, October 15th. Oppenheimer reduced their target price on Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Finally, UBS Group lowered their price target on Sensata Technologies from $44.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Sensata Technologies has a consensus rating of “Hold” and a consensus price target of $41.00.

Sensata Technologies Trading Down 0.3 %

Shares of NYSE:ST opened at $30.37 on Friday. The company has a quick ratio of 1.76, a current ratio of 2.60 and a debt-to-equity ratio of 1.08. Sensata Technologies Holding plc has a 52-week low of $30.05 and a 52-week high of $43.14. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of -56.92, a PEG ratio of 0.89 and a beta of 1.22. The business has a 50-day moving average price of $33.38 and a 200-day moving average price of $36.20.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.86. The company had revenue of $982.80 million during 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%. Sensata Technologies’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period last year, the firm posted $0.91 EPS. Equities analysts predict that Sensata Technologies Holding plc will post 3.43 EPS for the current year.

Sensata Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Wednesday, November 13th. Sensata Technologies’s payout ratio is -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.