Reinhart Partners LLC. Lowers Stake in Sensata Technologies Holding plc (NYSE:ST)

Reinhart Partners LLC. cut its position in Sensata Technologies Holding plc (NYSE:ST) by 22.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 204,941 shares of the scientific and technical instruments company’s stock after selling 59,383 shares during the period. Reinhart Partners LLC. owned about 0.14% of Sensata Technologies worth $5,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of ST. Quarry LP lifted its holdings in shares of 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 worth $40,000 after buying an additional 738 shares in the last quarter. Assetmark Inc. lifted its stake in Sensata Technologies by 19.0% in the 3rd quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company’s stock worth $93,000 after purchasing an additional 416 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Sensata Technologies during the 2nd quarter valued at about $142,000. Capstone Investment Advisors LLC purchased a new position in shares of Sensata Technologies during the third quarter valued at about $237,000. Finally, Captrust Financial Advisors lifted its position in shares of Sensata Technologies by 21.5% in the third quarter. Captrust Financial Advisors now owns 7,146 shares of the scientific and technical instruments company’s stock worth $256,000 after buying an additional 1,264 shares in the last quarter. 99.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Robert W. Baird reduced their price target on shares of Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. The Goldman Sachs Group decreased their target price on shares of Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 1st. Evercore ISI dropped their price target on Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating for the company in a research report on Tuesday, October 15th. TD Cowen dropped their target price on Sensata Technologies from $50.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Finally, Oppenheimer lowered their price target on Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Sensata Technologies has an average rating of “Hold” and an average target price of $41.00.

Sensata Technologies Stock Up 0.6 %

ST stock traded up $0.17 on Monday, hitting $27.43. 447,817 shares of the company’s stock were exchanged, compared to its average volume of 1,094,422. The firm has a 50 day moving average price of $30.27 and a two-hundred day moving average price of $34.46. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.60. Sensata Technologies Holding plc has a 12-month low of $26.65 and a 12-month high of $43.14. The stock has a market cap of $4.10 billion, a P/E ratio of -50.80, a price-to-earnings-growth ratio of 0.89 and a beta of 1.24.

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 the consensus estimate of $0.86. The company had revenue of $982.80 million for the quarter, compared to the consensus estimate of $983.93 million. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. During the same quarter in the previous year, the firm earned $0.91 EPS. Sensata Technologies’s revenue was down 1.8% compared to the same quarter last year. As a group, equities research analysts expect that Sensata Technologies Holding plc will post 3.43 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Wednesday, November 13th. Sensata Technologies’s dividend payout ratio 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.