JPMorgan Chase & Co. Increases Holdings in Sensata Technologies Holding plc (NYSE:ST)

JPMorgan Chase & Co. boosted its position in shares of Sensata Technologies Holding plc (NYSE:ST) by 66.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 660,568 shares of the scientific and technical instruments company’s stock after buying an additional 264,334 shares during the period. JPMorgan Chase & Co.’s holdings in Sensata Technologies were worth $23,688,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of ST. Rhumbline Advisers raised its holdings in shares of Sensata Technologies by 1.2% in the second quarter. Rhumbline Advisers now owns 384,990 shares of the scientific and technical instruments company’s stock valued at $14,395,000 after acquiring an additional 4,509 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Sensata Technologies by 1.3% in the 2nd quarter. Arizona State Retirement System now owns 42,125 shares of the scientific and technical instruments company’s stock worth $1,575,000 after purchasing an additional 529 shares during the period. Los Angeles Capital Management LLC bought a new position in shares of Sensata Technologies during the second quarter valued at approximately $1,199,000. United Services Automobile Association increased its holdings in Sensata Technologies by 13.9% during the second quarter. United Services Automobile Association now owns 12,192 shares of the scientific and technical instruments company’s stock valued at $456,000 after buying an additional 1,486 shares during the period. Finally, AGF Management Ltd. purchased a new position in Sensata Technologies during the second quarter valued at approximately $2,097,000. 99.42% of the stock is owned by institutional investors.

Sensata Technologies Stock Down 2.4 %

NYSE:ST opened at $27.75 on Thursday. The company’s 50 day moving average is $30.54 and its two-hundred day moving average is $34.62. The company has a market cap of $4.15 billion, a PE ratio of -51.39, a P/E/G ratio of 0.89 and a beta of 1.24. Sensata Technologies Holding plc has a twelve month low of $26.65 and a twelve month high of $43.14. The company has a current ratio of 2.60, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08.

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 analysts’ consensus estimates of $0.86. The firm 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 quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.91 earnings per share. Analysts anticipate that Sensata Technologies Holding plc will post 3.43 EPS for the current year.

Sensata Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.73%. The ex-dividend date was Wednesday, November 13th. Sensata Technologies’s payout ratio is -88.89%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ST. TD Cowen lowered their target price on Sensata Technologies from $50.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Truist Financial dropped their price objective on Sensata Technologies from $38.00 to $33.00 and set a “hold” rating on the stock in a research report on Tuesday, November 5th. Evercore ISI decreased their price target on shares of Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating for the company in a research report on Tuesday, October 15th. Stifel Nicolaus lowered their price target on shares of Sensata Technologies from $43.00 to $38.00 and set a “hold” rating on the stock in a report on Tuesday, November 5th. Finally, Robert W. Baird reduced their price objective on shares of Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $41.00.

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.