Y Intercept Hong Kong Ltd Sells 6,556 Shares of Sensata Technologies Holding plc (NYSE:ST)

Y Intercept Hong Kong Ltd lessened its position in shares of Sensata Technologies Holding plc (NYSE:ST) by 24.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,763 shares of the scientific and technical instruments company’s stock after selling 6,556 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Sensata Technologies were worth $709,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC increased its position in Sensata Technologies by 0.5% in the third quarter. Janus Henderson Group PLC now owns 9,722,999 shares of the scientific and technical instruments company’s stock worth $348,666,000 after purchasing an additional 45,513 shares during the last quarter. State Street Corp lifted its position in Sensata Technologies by 0.4% during the third quarter. State Street Corp now owns 5,470,903 shares of the scientific and technical instruments company’s stock valued at $196,187,000 after purchasing an additional 23,946 shares during the last quarter. Millennium Management LLC lifted its position in Sensata Technologies by 84.8% during the second 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 purchasing an additional 2,321,782 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Sensata Technologies by 16.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,643,665 shares of the scientific and technical instruments company’s stock worth $173,627,000 after buying an additional 658,728 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of Sensata Technologies by 18.9% in the 3rd quarter. FMR LLC now owns 3,895,776 shares of the scientific and technical instruments company’s stock worth $139,703,000 after buying an additional 618,202 shares during the last quarter. Institutional investors own 99.42% of the company’s stock.

Sensata Technologies Trading Down 0.3 %

ST stock opened at $30.37 on Friday. Sensata Technologies Holding plc has a 12 month low of $30.05 and a 12 month high of $43.14. The firm’s 50-day moving average is $33.38 and its 200 day moving average is $36.20. The company has a market capitalization of $4.54 billion, a PE ratio of -56.92, a P/E/G ratio of 0.89 and a beta of 1.22. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.60 and a quick ratio of 1.76.

Sensata Technologies (NYSE:ST) last issued its earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 EPS for the quarter, hitting analysts’ consensus estimates of $0.86. The business had revenue of $982.80 million for the quarter, compared to analyst estimates of $983.93 million. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period last year, the company posted $0.91 earnings per share. On average, research analysts anticipate that Sensata Technologies Holding plc will post 3.43 EPS for the current year.

Sensata Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Wednesday, November 13th. Sensata Technologies’s payout ratio is -88.89%.

Analyst Ratings Changes

ST has been the topic of several analyst reports. JPMorgan Chase & Co. reduced their price objective on Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 5th. TD Cowen cut their target price on Sensata Technologies from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Wolfe Research initiated coverage on Sensata Technologies in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. Truist Financial dropped their price objective on shares of Sensata Technologies from $38.00 to $33.00 and set a “hold” rating for the company in a research note on Tuesday, November 5th. Finally, 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $41.00.

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.