Sensata Technologies (NYSE:ST) Reaches New 1-Year Low – Here’s Why

Sensata Technologies Holding plc (NYSE:ST) hit a new 52-week low on Tuesday . The company traded as low as $30.98 and last traded at $30.98, with a volume of 677 shares. The stock had previously closed at $31.55.

Analysts Set New Price Targets

Several analysts have weighed in on ST shares. 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, July 30th. Oppenheimer dropped their target price on shares of Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Wolfe Research assumed coverage on shares of Sensata Technologies in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating for the company in a report on Tuesday, November 5th. Finally, The Goldman Sachs Group reduced their target price on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 1st. One 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $41.00.

Sensata Technologies Stock Performance

The company has a market cap of $4.65 billion, a P/E ratio of -58.42, a price-to-earnings-growth ratio of 0.93 and a beta of 1.25. The business has a 50 day moving average price of $34.76 and a two-hundred day moving average price of $37.47. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.60.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings data on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share 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 during the quarter, compared to the consensus estimate of $983.93 million. During the same quarter in the previous year, the company posted $0.91 earnings per share. The business’s revenue was down 1.8% on a year-over-year basis. On average, sell-side analysts anticipate that Sensata Technologies Holding plc will post 3.43 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The company 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 $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Wednesday, November 13th. Sensata Technologies’s dividend payout ratio (DPR) is presently -88.89%.

Hedge Funds Weigh In On Sensata Technologies

Several hedge funds and other institutional investors have recently modified their holdings of ST. Empowered Funds LLC purchased a new position in Sensata Technologies during the 1st quarter valued at about $258,000. Russell Investments Group Ltd. increased its stake in shares of Sensata Technologies by 6.4% during the first quarter. Russell Investments Group Ltd. now owns 81,366 shares of the scientific and technical instruments company’s stock valued at $2,989,000 after buying an additional 4,874 shares during the period. State Board of Administration of Florida Retirement System lifted its stake in Sensata Technologies by 9.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 158,141 shares of the scientific and technical instruments company’s stock worth $5,810,000 after acquiring an additional 14,186 shares during the period. Covestor Ltd lifted its stake in Sensata Technologies by 130.1% in the first quarter. Covestor Ltd now owns 3,815 shares of the scientific and technical instruments company’s stock worth $140,000 after acquiring an additional 2,157 shares during the period. Finally, National Bank of Canada FI boosted its holdings in Sensata Technologies by 1,585.8% in the first quarter. National Bank of Canada FI now owns 704,520 shares of the scientific and technical instruments company’s stock valued at $25,884,000 after acquiring an additional 662,728 shares in the last quarter. 99.42% of the stock is owned by institutional investors.

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.