Sensata Technologies (NYSE:ST) Sets New 52-Week Low – Should You Sell?

Shares of Sensata Technologies Holding plc (NYSE:ST) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $30.98 and last traded at $30.98, with a volume of 677 shares. The stock had previously closed at $31.55.

Wall Street Analysts Forecast Growth

ST has been the subject of several research reports. TD Cowen cut their price objective on Sensata Technologies from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Wolfe Research assumed coverage on Sensata Technologies in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. UBS Group lowered their target price on shares of Sensata Technologies from $44.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Robert W. Baird reduced 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. Finally, JPMorgan Chase & Co. lowered their price target on shares of Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $41.00.

Sensata Technologies Price Performance

The company has a current ratio of 2.60, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The stock’s fifty day moving average price is $34.69 and its 200-day moving average price is $37.41.

Sensata Technologies (NYSE:ST) last posted its earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.86. Sensata Technologies had a positive return on equity of 17.68% and a negative net margin of 1.98%. The company had revenue of $982.80 million during the quarter, compared to analysts’ expectations of $983.93 million. During the same quarter last year, the firm earned $0.91 earnings per share. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. On average, sell-side analysts expect that Sensata Technologies Holding plc will post 3.43 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.48 dividend on an annualized basis and a yield of 1.56%. Sensata Technologies’s payout ratio is currently -88.89%.

Hedge Funds Weigh In On Sensata Technologies

A number of hedge funds have recently made changes to their positions in ST. GAMMA Investing LLC boosted its holdings in Sensata Technologies by 399.0% during the 2nd quarter. GAMMA Investing LLC now owns 968 shares of the scientific and technical instruments company’s stock valued at $36,000 after acquiring an additional 774 shares during the period. Versant Capital Management Inc purchased a new stake in Sensata Technologies during the second quarter worth about $37,000. Quarry LP lifted its position in shares of Sensata Technologies by 227.1% during the second quarter. Quarry LP now owns 1,063 shares of the scientific and technical instruments company’s stock worth $40,000 after purchasing an additional 738 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Sensata Technologies by 19.0% in the third quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company’s stock valued at $93,000 after purchasing an additional 416 shares during the period. Finally, First Horizon Advisors Inc. grew its holdings in shares of Sensata Technologies by 57.9% in the second quarter. First Horizon Advisors Inc. now owns 2,529 shares of the scientific and technical instruments company’s stock valued at $95,000 after purchasing an additional 927 shares in the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

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.