Sensata Technologies Holding plc (NYSE:ST) Shares Sold by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP lessened its holdings in shares of Sensata Technologies Holding plc (NYSE:ST) by 17.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,233,437 shares of the scientific and technical instruments company’s stock after selling 256,292 shares during the quarter. Westfield Capital Management Co. LP owned about 0.82% of Sensata Technologies worth $45,316,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Principal Securities Inc. acquired a new stake in shares of Sensata Technologies during the fourth quarter worth about $29,000. Parkside Financial Bank & Trust raised its holdings in Sensata Technologies by 761.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 887 shares of the scientific and technical instruments company’s stock valued at $33,000 after acquiring an additional 784 shares in the last quarter. SageView Advisory Group LLC acquired a new stake in Sensata Technologies in the first quarter valued at approximately $85,000. TFO Wealth Partners LLC raised its holdings in Sensata Technologies by 17,818.8% in the fourth quarter. TFO Wealth Partners LLC now owns 2,867 shares of the scientific and technical instruments company’s stock valued at $108,000 after acquiring an additional 2,851 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Sensata Technologies in the fourth quarter valued at approximately $155,000. Institutional investors and hedge funds own 99.42% of the company’s stock.

Insider Activity at Sensata Technologies

In other news, Director Ali John Mirshekari acquired 73,137 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were purchased at an average cost of $39.17 per share, for a total transaction of $2,864,776.29. Following the transaction, the director now directly owns 73,137 shares in the company, valued at approximately $2,864,776.29. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is currently owned by insiders.

Sensata Technologies Stock Performance

Shares of ST traded down $2.63 during mid-day trading on Friday, reaching $38.89. 2,833,889 shares of the company’s stock were exchanged, compared to its average volume of 1,995,718. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.64 and a quick ratio of 1.74. The stock has a market capitalization of $5.85 billion, a PE ratio of -353.51, a price-to-earnings-growth ratio of 1.14 and a beta of 1.26. The business’s fifty day simple moving average is $39.95 and its 200-day simple moving average is $37.07. Sensata Technologies Holding plc has a 52-week low of $30.56 and a 52-week high of $46.99.

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

Sensata Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, August 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.23%. Sensata Technologies’s dividend payout ratio (DPR) is presently -436.32%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ST. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $36.00 target price (down previously from $44.00) on shares of Sensata Technologies in a report on Tuesday, April 9th. Evercore ISI raised shares of Sensata Technologies from an “in-line” rating to an “outperform” rating and raised their target price for the company from $44.00 to $60.00 in a report on Monday, May 6th. Robert W. Baird raised their target price on shares of Sensata Technologies from $37.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, April 30th. Jefferies Financial Group started coverage on shares of Sensata Technologies in a research note on Tuesday, April 9th. They issued a “hold” rating and a $40.00 price target on the stock. Finally, Stifel Nicolaus increased their price target on shares of Sensata Technologies from $36.00 to $43.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Sensata Technologies currently has a consensus rating of “Hold” and an average target price of $43.78.

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.