State of New Jersey Common Pension Fund D Has $1.96 Million Stake in Sensata Technologies Holding plc (NYSE:ST)

State of New Jersey Common Pension Fund D trimmed its position in Sensata Technologies Holding plc (NYSE:ST) by 4.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,581 shares of the scientific and technical instruments company’s stock after selling 2,589 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Sensata Technologies were worth $1,957,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Fifth Third Bancorp grew its position in Sensata Technologies by 0.9% in the second quarter. Fifth Third Bancorp now owns 29,509 shares of the scientific and technical instruments company’s stock valued at $1,103,000 after acquiring an additional 275 shares during the period. Assetmark Inc. grew its position in Sensata Technologies by 19.0% in the third quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company’s stock valued at $93,000 after acquiring an additional 416 shares during the period. Arizona State Retirement System grew its position in Sensata Technologies by 1.3% in the second quarter. Arizona State Retirement System now owns 42,125 shares of the scientific and technical instruments company’s stock valued at $1,575,000 after acquiring an additional 529 shares during the period. Ariel Investments LLC grew its position in Sensata Technologies by 7.0% in the first quarter. Ariel Investments LLC now owns 8,268 shares of the scientific and technical instruments company’s stock valued at $304,000 after acquiring an additional 539 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Sensata Technologies by 1.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 46,114 shares of the scientific and technical instruments company’s stock worth $1,654,000 after purchasing an additional 602 shares during the last quarter. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. The Goldman Sachs Group decreased their target price on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating on the stock in a report on Tuesday, October 1st. Wolfe Research assumed coverage on Sensata Technologies in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. Vertical Research assumed coverage on Sensata Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $55.00 target price on the stock. Truist Financial decreased their target price on Sensata Technologies from $38.00 to $33.00 and set a “hold” rating on the stock in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. decreased their target price on Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating on the stock in a report on Tuesday, November 5th. One 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 MarketBeat.com, Sensata Technologies presently has a consensus rating of “Hold” and a consensus target price of $41.00.

Sensata Technologies Trading Down 2.4 %

NYSE:ST opened at $31.83 on Monday. Sensata Technologies Holding plc has a 1-year low of $31.18 and a 1-year high of $43.14. The business’s 50-day moving average price is $34.82 and its two-hundred day moving average price is $37.54. The company has a current ratio of 2.60, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of -58.94, a PEG ratio of 0.93 and a beta of 1.25.

Sensata Technologies (NYSE:ST) last released its earnings results 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 for the quarter, compared to analyst estimates of $983.93 million. During the same quarter in the prior year, the firm posted $0.91 earnings per share. The company’s quarterly revenue was down 1.8% on a year-over-year basis. On average, equities analysts expect that Sensata Technologies Holding plc will post 3.43 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.51%. The ex-dividend date is Wednesday, November 13th. Sensata Technologies’s payout ratio is -88.89%.

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.