Fulton Bank N.A. Sells 17,345 Shares of Sensata Technologies Holding plc (NYSE:ST)

Fulton Bank N.A. decreased its stake in Sensata Technologies Holding plc (NYSE:ST) by 66.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 8,610 shares of the scientific and technical instruments company’s stock after selling 17,345 shares during the period. Fulton Bank N.A.’s holdings in Sensata Technologies were worth $309,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC increased its position in Sensata Technologies by 399.0% in the second quarter. GAMMA Investing LLC now owns 968 shares of the scientific and technical instruments company’s stock worth $36,000 after buying an additional 774 shares in the last quarter. Versant Capital Management Inc purchased a new stake in shares of Sensata Technologies during the second quarter worth about $37,000. Quarry LP grew its position in shares of Sensata Technologies by 227.1% during the second quarter. Quarry LP now owns 1,063 shares of the scientific and technical instruments company’s stock worth $40,000 after purchasing an additional 738 shares in the last quarter. SageView Advisory Group LLC purchased a new stake in shares of Sensata Technologies during the first quarter worth about $85,000. Finally, First Horizon Advisors Inc. grew its position in shares of Sensata Technologies by 57.9% during the second quarter. First Horizon Advisors Inc. now owns 2,529 shares of the scientific and technical instruments company’s stock worth $95,000 after purchasing an additional 927 shares in the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Analyst Upgrades and Downgrades

ST has been the subject of several research analyst reports. Truist Financial cut their target price on Sensata Technologies from $46.00 to $38.00 and set a “hold” rating for the company in a research report on Tuesday, July 30th. Wolfe Research assumed coverage on Sensata Technologies in a report on Thursday, September 5th. They set a “peer perform” rating for the company. Oppenheimer cut their price target on Sensata Technologies from $50.00 to $47.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Bank of America cut their price target on Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. Finally, Vertical Research assumed coverage on Sensata Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $55.00 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $44.40.

Sensata Technologies Price Performance

NYSE:ST opened at $35.14 on Thursday. The firm has a market capitalization of $5.30 billion, a price-to-earnings ratio of -319.38, a PEG ratio of 1.37 and a beta of 1.25. Sensata Technologies Holding plc has a 1 year low of $30.56 and a 1 year high of $43.14. The business has a 50 day simple moving average of $36.21 and a 200-day simple moving average of $37.72. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.77 and a quick ratio of 1.31.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.93 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.93. Sensata Technologies had a return on equity of 17.57% and a net margin of 0.21%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the company earned $0.97 EPS. Sensata Technologies’s quarterly revenue was down 2.5% compared to the same quarter last year. Equities analysts forecast that Sensata Technologies Holding plc will post 3.57 EPS for the current year.

Sensata Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Wednesday, August 14th. Sensata Technologies’s dividend payout ratio is currently -436.32%.

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.