Quantbot Technologies LP Cuts Position in Sensata Technologies Holding plc (NYSE:ST)

Quantbot Technologies LP lessened its stake in Sensata Technologies Holding plc (NYSE:ST) by 4.2% in the second quarter, HoldingsChannel.com reports. The firm owned 89,558 shares of the scientific and technical instruments company’s stock after selling 3,912 shares during the quarter. Quantbot Technologies LP’s holdings in Sensata Technologies were worth $3,349,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Fifth Third Bancorp increased its holdings in shares of Sensata Technologies by 0.9% in the 2nd quarter. Fifth Third Bancorp now owns 29,509 shares of the scientific and technical instruments company’s stock valued at $1,103,000 after purchasing an additional 275 shares in the last quarter. Amalgamated Bank grew its stake in Sensata Technologies by 0.3% in the 1st quarter. Amalgamated Bank now owns 94,351 shares of the scientific and technical instruments company’s stock valued at $3,466,000 after acquiring an additional 310 shares during the last quarter. Fulton Bank N.A. grew its stake 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 acquiring an additional 317 shares during the last quarter. Northwest Investment Counselors LLC grew its stake 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 acquiring an additional 320 shares during the last quarter. Finally, Retirement Systems of Alabama grew its stake in Sensata Technologies by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 190,063 shares of the scientific and technical instruments company’s stock valued at $6,983,000 after acquiring an additional 498 shares during the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Sensata Technologies Price Performance

ST opened at $35.04 on Tuesday. The company’s 50 day simple moving average is $37.44 and its 200 day simple moving average is $37.70. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.31 and a current ratio of 1.77. Sensata Technologies Holding plc has a 1 year low of $30.56 and a 1 year high of $43.14. The stock has a market capitalization of $5.27 billion, a PE ratio of -318.55, a P/E/G ratio of 1.23 and a beta of 1.26.

Sensata Technologies (NYSE:ST) last released its earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.93. Sensata Technologies had a net margin of 0.21% and a return on equity of 17.57%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the company earned $0.97 earnings per share. The company’s quarterly revenue was down 2.5% on a year-over-year basis. As a group, sell-side analysts expect that Sensata Technologies Holding plc will post 3.57 EPS for the current year.

Sensata Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were given a $0.12 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $0.48 annualized dividend and a dividend yield of 1.37%. Sensata Technologies’s dividend payout ratio is presently -436.36%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Vertical Research assumed coverage on shares of Sensata Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $55.00 price objective on the stock. Bank of America lowered their price objective on shares of Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 30th. Wolfe Research assumed coverage on shares of Sensata Technologies in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Oppenheimer lowered their price objective on shares of Sensata Technologies from $50.00 to $47.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Finally, Truist Financial lowered their price objective on shares of Sensata Technologies from $46.00 to $38.00 and set a “hold” rating on the stock in a research note on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $44.10.

About Sensata Technologies

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.