Easterly Investment Partners LLC Has $8.60 Million Stake in Sensata Technologies Holding plc (NYSE:ST)

Easterly Investment Partners LLC lifted its position in shares of Sensata Technologies Holding plc (NYSE:ST) by 5.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 239,878 shares of the scientific and technical instruments company’s stock after acquiring an additional 11,438 shares during the quarter. Easterly Investment Partners LLC owned approximately 0.16% of Sensata Technologies worth $8,602,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ST. Millennium Management LLC lifted 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 worth $189,158,000 after buying an additional 2,321,782 shares during the period. Eminence Capital LP lifted its holdings in Sensata Technologies by 31.8% during the 2nd quarter. Eminence Capital LP now owns 3,423,317 shares of the scientific and technical instruments company’s stock worth $127,998,000 after buying an additional 826,353 shares during the period. Capitolis Liquid Global Markets LLC acquired a new position in Sensata Technologies during the 1st quarter worth about $28,969,000. Victory Capital Management Inc. lifted its holdings in Sensata Technologies by 64.5% during the 2nd 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 buying an additional 727,521 shares during the period. Finally, National Bank of Canada FI lifted its holdings in Sensata Technologies by 1,585.8% during the 1st quarter. National Bank of Canada FI now owns 704,520 shares of the scientific and technical instruments company’s stock worth $25,884,000 after buying an additional 662,728 shares during the period. Institutional investors and hedge funds own 99.42% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ST. Evercore ISI lowered their price objective 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 lowered their price objective on Sensata Technologies from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday. Oppenheimer lowered their price objective on Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating for the company in a research report on Tuesday. Robert W. Baird lowered their price objective on Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, The Goldman Sachs Group decreased their target price on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating for the company in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Sensata Technologies presently has a consensus rating of “Hold” and an average target price of $41.00.

Sensata Technologies Stock Down 0.4 %

ST traded down $0.12 during midday trading on Friday, reaching $33.36. 95,409 shares of the company were exchanged, compared to its average volume of 1,856,974. Sensata Technologies Holding plc has a one year low of $30.56 and a one year high of $43.14. The company’s fifty day moving average price is $35.35 and its 200 day moving average price is $37.62. The company has a market cap of $4.99 billion, a price-to-earnings ratio of -61.78, a price-to-earnings-growth ratio of 0.97 and a beta of 1.25. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.31 and a current ratio of 2.60.

Sensata Technologies (NYSE:ST) last announced its 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 EPS. The company’s revenue was down 1.8% compared to the same quarter last year. As a group, analysts expect that Sensata Technologies Holding plc will post 3.46 EPS for the current year.

Sensata Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.48 annualized dividend and a yield of 1.44%. 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.