Moors & Cabot Inc. Purchases 4,500 Shares of Sensata Technologies Holding plc (NYSE:ST)

Moors & Cabot Inc. grew its position in Sensata Technologies Holding plc (NYSE:ST) by 30.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 19,479 shares of the scientific and technical instruments company’s stock after acquiring an additional 4,500 shares during the period. Moors & Cabot Inc.’s holdings in Sensata Technologies were worth $699,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC grew its position in shares of Sensata Technologies by 399.0% in the 2nd quarter. GAMMA Investing LLC now owns 968 shares of the scientific and technical instruments company’s stock valued at $36,000 after purchasing an additional 774 shares during the period. Versant Capital Management Inc bought a new stake in shares of Sensata Technologies during the second quarter worth $37,000. Quarry LP raised its holdings 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 acquiring an additional 738 shares during the period. Assetmark Inc. lifted its position 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 valued at $93,000 after acquiring an additional 416 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in Sensata Technologies by 57.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,529 shares of the scientific and technical instruments company’s stock worth $95,000 after purchasing an additional 927 shares during the period. Institutional investors own 99.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Bank of America dropped their price target on Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 30th. Evercore ISI decreased their price objective on Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating for the company in a report on Tuesday, October 15th. The Goldman Sachs Group dropped their target price 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. Robert W. Baird reduced their price target on 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, Truist Financial cut their price objective on shares of Sensata Technologies from $38.00 to $33.00 and set a “hold” rating on the stock in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Sensata Technologies presently has a consensus rating of “Hold” and an average price target of $41.00.

Sensata Technologies Stock Performance

Shares of ST opened at $31.89 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.60 and a quick ratio of 1.76. The firm has a 50-day moving average of $34.54 and a 200-day moving average of $37.32. The company has a market cap of $4.77 billion, a PE ratio of -59.05, a price-to-earnings-growth ratio of 0.90 and a beta of 1.25. Sensata Technologies Holding plc has a one year low of $30.43 and a one year high of $43.14.

Sensata Technologies (NYSE:ST) last announced its quarterly 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 firm had revenue of $982.80 million for the quarter, compared to the consensus estimate of $983.93 million. During the same quarter in the previous year, the business earned $0.91 earnings per share. The business’s revenue was down 1.8% compared to the same quarter last year. As a group, equities analysts forecast that Sensata Technologies Holding plc will post 3.43 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.51%. The ex-dividend date is Wednesday, November 13th. Sensata Technologies’s dividend payout ratio is -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.