Sensata Technologies Holding plc (NYSE:ST) Stock Position Lowered by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC trimmed its holdings in shares of Sensata Technologies Holding plc (NYSE:ST) by 13.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,209,700 shares of the scientific and technical instruments company’s stock after selling 646,763 shares during the period. Sensata Technologies accounts for about 1.9% of ArrowMark Colorado Holdings LLC’s holdings, making the stock its 10th biggest holding. ArrowMark Colorado Holdings LLC owned approximately 2.81% of Sensata Technologies worth $150,960,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Millennium Management LLC lifted its position in shares of 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 worth $189,158,000 after purchasing an additional 2,321,782 shares in the last quarter. Easterly Investment Partners LLC increased its holdings in Sensata Technologies by 3.7% during the 2nd quarter. Easterly Investment Partners LLC now owns 228,440 shares of the scientific and technical instruments company’s stock worth $8,541,000 after purchasing an additional 8,088 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Sensata Technologies by 9.6% during the second quarter. Bank of New York Mellon Corp now owns 1,406,451 shares of the scientific and technical instruments company’s stock worth $52,587,000 after buying an additional 122,795 shares in the last quarter. Sei Investments Co. increased its stake in shares of Sensata Technologies by 24.9% in the second quarter. Sei Investments Co. now owns 458,457 shares of the scientific and technical instruments company’s stock worth $17,142,000 after buying an additional 91,452 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Sensata Technologies in the second quarter valued at $469,000. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Sensata Technologies Price Performance

Shares of NYSE ST opened at $32.14 on Monday. The firm’s 50-day simple moving average is $34.17 and its 200 day simple moving average is $36.82. The stock has a market cap of $4.81 billion, a P/E ratio of -59.52, a P/E/G ratio of 0.94 and a beta of 1.25. The company has a quick ratio of 1.76, a current ratio of 2.60 and a debt-to-equity ratio of 1.08. Sensata Technologies Holding plc has a fifty-two week low of $30.43 and a fifty-two week high of $43.14.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings data on Monday, November 4th. The scientific and technical instruments company reported $0.86 EPS for the quarter, meeting 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 business’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the business earned $0.91 earnings per share. Equities analysts expect that Sensata Technologies Holding plc will post 3.43 EPS for the current year.

Sensata Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Wednesday, November 13th. Sensata Technologies’s payout ratio is currently -88.89%.

Analyst Ratings Changes

Several research firms have recently weighed in on ST. TD Cowen dropped their target price on shares of Sensata Technologies from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Stifel Nicolaus lowered their price objective on Sensata Technologies from $43.00 to $38.00 and set a “hold” rating for the company in a report on Tuesday, November 5th. Oppenheimer reduced their target price on Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Wolfe Research initiated coverage on Sensata Technologies in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Finally, 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. One 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $41.00.

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.