Harvey Investment Co. LLC Sells 20,400 Shares of Sensata Technologies Holding plc (NYSE:ST)

Harvey Investment Co. LLC reduced its stake in shares of Sensata Technologies Holding plc (NYSE:ST) by 19.2% during the third quarter, Holdings Channel reports. The institutional investor owned 85,821 shares of the scientific and technical instruments company’s stock after selling 20,400 shares during the quarter. Harvey Investment Co. LLC’s holdings in Sensata Technologies were worth $3,078,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ST. Millennium Management LLC boosted its holdings in Sensata Technologies by 84.8% during the 2nd quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company’s stock valued at $189,158,000 after acquiring an additional 2,321,782 shares during the period. Dimensional Fund Advisors LP lifted its position in Sensata Technologies by 16.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,643,665 shares of the scientific and technical instruments company’s stock valued at $173,627,000 after purchasing an additional 658,728 shares during the last quarter. Eminence Capital LP boosted its stake in shares of Sensata Technologies by 31.8% during the second quarter. Eminence Capital LP now owns 3,423,317 shares of the scientific and technical instruments company’s stock valued at $127,998,000 after purchasing an additional 826,353 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Sensata Technologies by 64.5% in the second quarter. Victory Capital Management Inc. now owns 1,854,773 shares of the scientific and technical instruments company’s stock worth $69,350,000 after purchasing an additional 727,521 shares during the last quarter. Finally, Copeland Capital Management LLC increased its stake in shares of Sensata Technologies by 21.7% in the third quarter. Copeland Capital Management LLC now owns 1,788,320 shares of the scientific and technical instruments company’s stock worth $64,129,000 after buying an additional 319,424 shares during the period. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Wall Street Analyst Weigh In

ST has been the topic of a number of recent analyst reports. Bank of America cut their price target on shares of Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. Truist Financial cut their target price on Sensata Technologies from $46.00 to $38.00 and set a “hold” rating on the stock in a research note on Tuesday, July 30th. Oppenheimer reduced their price target on Sensata Technologies from $50.00 to $47.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. The Goldman Sachs Group cut their price objective on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 1st. Finally, Vertical Research began coverage on Sensata Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $55.00 target price for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, Sensata Technologies has an average rating of “Hold” and a consensus target price of $43.40.

Sensata Technologies Stock Up 0.5 %

Shares of NYSE:ST opened at $35.07 on Thursday. 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 52-week low of $30.56 and a 52-week high of $43.14. The firm has a market capitalization of $5.29 billion, a P/E ratio of 871.97, a P/E/G ratio of 1.39 and a beta of 1.25. The stock has a 50 day moving average price of $36.07 and a 200-day moving average price of $37.67.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings data on Monday, July 29th. The scientific and technical instruments company reported $0.93 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.93. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.04 billion. Sensata Technologies had a return on equity of 17.57% and a net margin of 0.21%. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.97 earnings per share. As a group, equities research analysts anticipate that Sensata Technologies Holding plc will post 3.55 EPS for the current fiscal year.

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.