Loomis Sayles & Co. L P Takes Position in Sensata Technologies Holding plc (NYSE:ST)

Loomis Sayles & Co. L P purchased a new position in shares of Sensata Technologies Holding plc (NYSE:ST) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 273,061 shares of the scientific and technical instruments company’s stock, valued at approximately $9,791,000.

Several other hedge funds have also recently added to or reduced their stakes in ST. Fifth Third Bancorp grew its holdings in shares of Sensata Technologies by 0.9% during the second quarter. Fifth Third Bancorp now owns 29,509 shares of the scientific and technical instruments company’s stock worth $1,103,000 after buying an additional 275 shares in the last quarter. Assetmark Inc. grew its stake in Sensata Technologies by 19.0% during 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. Arizona State Retirement System raised its holdings in Sensata Technologies by 1.3% in the 2nd quarter. Arizona State Retirement System now owns 42,125 shares of the scientific and technical instruments company’s stock valued at $1,575,000 after acquiring an additional 529 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Sensata Technologies by 1.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 46,114 shares of the scientific and technical instruments company’s stock worth $1,654,000 after purchasing an additional 602 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC boosted its holdings in shares of Sensata Technologies by 5.9% during the 2nd quarter. NorthCrest Asset Manangement LLC now owns 12,966 shares of the scientific and technical instruments company’s stock worth $485,000 after purchasing an additional 720 shares during the last quarter. 99.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ST. Stifel Nicolaus reduced their price objective on Sensata Technologies from $43.00 to $38.00 and set a “hold” rating on the stock in a research report on Tuesday, November 5th. The Goldman Sachs Group reduced their price target on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating on the stock in a report on Tuesday, October 1st. TD Cowen dropped their price objective on shares of Sensata Technologies from $50.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Oppenheimer reduced their target price on shares of Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Finally, UBS Group dropped their price target on shares of Sensata Technologies from $44.00 to $39.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $41.00.

Sensata Technologies Stock Down 0.2 %

Sensata Technologies stock opened at $32.11 on Thursday. 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 firm has a 50 day moving average price of $34.32 and a 200 day moving average price of $37.01. Sensata Technologies Holding plc has a fifty-two week low of $30.43 and a fifty-two week high of $43.14. The company has a market capitalization of $4.80 billion, a PE ratio of -59.46, a price-to-earnings-growth ratio of 0.98 and a beta of 1.25.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings data on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 EPS. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. Research analysts expect that Sensata Technologies Holding plc will post 3.43 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend was Wednesday, November 13th. Sensata Technologies’s payout ratio is -88.89%.

Sensata Technologies Company 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.