Arnhold LLC Buys New Shares in Sensata Technologies Holding plc (NYSE:ST)

Arnhold LLC acquired a new position in Sensata Technologies Holding plc (NYSE:ST) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 262,576 shares of the scientific and technical instruments company’s stock, valued at approximately $9,865,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Sensata Technologies in the third quarter worth about $1,294,000. Olstein Capital Management L.P. increased its stake in Sensata Technologies by 11.4% during the 4th quarter. Olstein Capital Management L.P. now owns 341,000 shares of the scientific and technical instruments company’s stock worth $12,811,000 after buying an additional 35,000 shares in the last quarter. Schroder Investment Management Group lifted its position in shares of Sensata Technologies by 6.0% in 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 position 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 worth $3,224,000 after purchasing an additional 42,867 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Sensata Technologies by 71.1% in the 3rd quarter. Invesco Ltd. now owns 303,865 shares of the scientific and technical instruments company’s stock valued at $11,492,000 after purchasing an additional 126,295 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

Sensata Technologies Stock Performance

ST traded up $2.52 during trading on Tuesday, hitting $38.28. 14,624,330 shares of the stock were exchanged, compared to its average volume of 2,132,944. The firm has a market capitalization of $5.76 billion, a P/E ratio of -765.45, a PEG ratio of 0.85 and a beta of 1.37. Sensata Technologies Holding plc has a 1-year low of $30.56 and a 1-year high of $47.41. The stock has a fifty day moving average price of $35.19 and a two-hundred day moving average price of $34.66. The company has a quick ratio of 1.69, a current ratio of 2.55 and a debt-to-equity ratio of 1.13.

Sensata Technologies (NYSE:ST) last released its quarterly earnings results on Monday, April 29th. The scientific and technical instruments company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.86 by $0.03. Sensata Technologies had a negative net margin of 0.10% and a positive return on equity of 17.47%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $986.51 million. During the same quarter in the prior year, the firm earned $0.92 EPS. Sensata Technologies’s revenue for the quarter was up .9% on a year-over-year basis. As a group, sell-side analysts predict that Sensata Technologies Holding plc will post 3.72 earnings per share for the current year.

Sensata Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.25%. Sensata Technologies’s dividend payout ratio (DPR) is currently -959.81%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ST shares. Evercore ISI raised their target price on shares of Sensata Technologies from $36.00 to $44.00 and gave the stock an “in-line” rating in a research note on Tuesday. Bank of America downgraded shares of Sensata Technologies from a “buy” rating to a “neutral” rating and cut their target price for the stock from $46.00 to $38.00 in a research note on Wednesday, February 7th. Stifel Nicolaus raised their price target on shares of Sensata Technologies from $36.00 to $43.00 and gave the company a “hold” rating in a research report on Tuesday. 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 report on Tuesday. Finally, JPMorgan Chase & Co. cut Sensata Technologies from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $37.00 to $34.00 in a research note on Monday, January 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $42.00.

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.