Sensata Technologies Holding plc (NYSE:ST) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. trimmed its stake in Sensata Technologies Holding plc (NYSE:ST) by 49.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,124 shares of the scientific and technical instruments company’s stock after selling 14,061 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Sensata Technologies were worth $506,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. GAMMA Investing LLC increased its stake in Sensata Technologies by 399.0% during the second quarter. GAMMA Investing LLC now owns 968 shares of the scientific and technical instruments company’s stock worth $36,000 after acquiring an additional 774 shares during the last quarter. Versant Capital Management Inc purchased a new stake in shares of Sensata Technologies in the second quarter worth about $37,000. Quarry LP boosted its holdings in Sensata Technologies by 227.1% in the second quarter. Quarry LP now owns 1,063 shares of the scientific and technical instruments company’s stock valued at $40,000 after purchasing an additional 738 shares during the last quarter. SageView Advisory Group LLC purchased a new position in Sensata Technologies in the first quarter valued at about $85,000. Finally, Assetmark Inc. boosted its holdings in 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 last quarter. 99.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ST has been the subject of a number of analyst reports. Truist Financial reduced their price target on Sensata Technologies from $38.00 to $33.00 and set a “hold” rating for the company in a report on Tuesday, November 5th. Wolfe Research initiated coverage on Sensata Technologies in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Bank of America reduced their target price on Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. Evercore ISI reduced their target price on Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating on the stock in a report on Tuesday, October 15th. Finally, UBS Group reduced their target price on Sensata Technologies from $44.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $41.00.

Sensata Technologies Trading Down 2.4 %

Sensata Technologies stock opened at $31.83 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.60. The business’s 50-day simple moving average is $34.82 and its 200-day simple moving average is $37.54. The firm has a market capitalization of $4.76 billion, a PE ratio of -58.94, a PEG ratio of 0.95 and a beta of 1.25. Sensata Technologies Holding plc has a 52 week low of $31.18 and a 52 week high of $43.14.

Sensata Technologies (NYSE:ST) last released its earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.86. Sensata Technologies had a positive return on equity of 17.68% and a negative net margin of 1.98%. The business had revenue of $982.80 million for the quarter, compared to the consensus estimate of $983.93 million. During the same period last year, the business earned $0.91 earnings per share. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. Equities research analysts forecast that Sensata Technologies Holding plc will post 3.43 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Wednesday, November 13th. Sensata Technologies’s dividend payout ratio (DPR) is presently -88.89%.

Sensata Technologies 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.