Janus Henderson Group PLC Cuts Position in Sensata Technologies Holding plc (NYSE:ST)

Janus Henderson Group PLC decreased its holdings in shares of Sensata Technologies Holding plc (NYSE:ST) by 0.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,644,631 shares of the scientific and technical instruments company’s stock after selling 46,680 shares during the period. Janus Henderson Group PLC owned 0.06% of Sensata Technologies worth $354,343,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Principal Securities Inc. bought a new stake in shares of Sensata Technologies in the 4th quarter worth $29,000. Parkside Financial Bank & Trust increased its holdings in Sensata Technologies by 761.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 887 shares of the scientific and technical instruments company’s stock worth $33,000 after buying an additional 784 shares in the last quarter. SageView Advisory Group LLC purchased a new stake in Sensata Technologies in the first quarter worth about $85,000. TFO Wealth Partners LLC raised its stake in shares of 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 worth $108,000 after buying an additional 2,851 shares during the period. Finally, Covestor Ltd lifted its position in shares of Sensata Technologies by 130.1% during the 1st quarter. Covestor Ltd now owns 3,815 shares of the scientific and technical instruments company’s stock valued at $140,000 after buying an additional 2,157 shares in the last quarter. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Ali John Mirshekari bought 73,137 shares of the stock in a transaction dated Thursday, May 2nd. The stock was purchased at an average price of $39.17 per share, for a total transaction of $2,864,776.29. Following the acquisition, the director now owns 73,137 shares of the company’s stock, valued at $2,864,776.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Sensata Technologies Price Performance

Sensata Technologies stock traded up $0.27 during midday trading on Tuesday, reaching $38.17. 3,531,892 shares of the stock traded hands, compared to its average volume of 2,137,847. The company has a quick ratio of 1.74, a current ratio of 2.64 and a debt-to-equity ratio of 1.14. Sensata Technologies Holding plc has a 12 month low of $30.56 and a 12 month high of $43.14. The stock’s fifty day moving average is $39.40 and its 200-day moving average is $37.19. The stock has a market cap of $5.74 billion, a P/E ratio of -344.06, a PEG ratio of 1.10 and a beta of 1.26.

Sensata Technologies (NYSE:ST) last posted its earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.93 EPS for the quarter, meeting analysts’ consensus estimates of $0.93. Sensata Technologies had a positive return on equity of 17.58% and a negative net margin of 0.35%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the company earned $0.97 EPS. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Sensata Technologies Holding plc will post 3.75 EPS for the current year.

Sensata Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Wednesday, August 14th. Sensata Technologies’s dividend payout ratio (DPR) is -436.32%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Evercore ISI upgraded shares of Sensata Technologies from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $44.00 to $60.00 in a research note on Monday, May 6th. Stifel Nicolaus upped their target price on shares of Sensata Technologies from $36.00 to $43.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. The Goldman Sachs Group reissued a “neutral” rating and set a $36.00 price target (down from $44.00) on shares of Sensata Technologies in a report on Tuesday, April 9th. Robert W. Baird increased their target price on Sensata Technologies from $37.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 30th. Finally, Bank of America lowered their price target on Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Sensata Technologies presently has a consensus rating of “Hold” and an average target price of $44.40.

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.