PNC Financial Services Group Inc. lifted its stake in shares of Sensata Technologies Holding plc (NYSE:ST – Free Report) by 100.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,193 shares of the scientific and technical instruments company’s stock after purchasing an additional 17,641 shares during the period. PNC Financial Services Group Inc.’s holdings in Sensata Technologies were worth $1,331,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of ST. CWM LLC lifted its position in shares of Sensata Technologies by 235.4% during the second quarter. CWM LLC now owns 852 shares of the scientific and technical instruments company’s stock worth $38,000 after purchasing an additional 598 shares in the last quarter. Compass Wealth Management LLC bought a new stake in shares of Sensata Technologies during the fourth quarter worth approximately $61,000. Meeder Asset Management Inc. raised its stake in shares of Sensata Technologies by 51.8% during the fourth quarter. Meeder Asset Management Inc. now owns 1,561 shares of the scientific and technical instruments company’s stock worth $63,000 after buying an additional 533 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of Sensata Technologies by 23.7% during the second quarter. First Horizon Advisors Inc. now owns 1,670 shares of the scientific and technical instruments company’s stock worth $75,000 after buying an additional 320 shares during the last quarter. Finally, SRS Capital Advisors Inc. raised its stake in shares of Sensata Technologies by 26.7% during the second quarter. SRS Capital Advisors Inc. now owns 2,232 shares of the scientific and technical instruments company’s stock worth $100,000 after buying an additional 470 shares during the last quarter. 96.46% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
ST has been the subject of a number of recent research reports. Bank of America downgraded shares of Sensata Technologies from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $46.00 to $38.00 in a research note on Wednesday, February 7th. Stifel Nicolaus dropped their price target on shares of Sensata Technologies from $40.00 to $36.00 and set a “hold” rating for the company in a research note on Wednesday, February 7th. Truist Financial dropped their price target on shares of Sensata Technologies from $39.00 to $36.00 and set a “hold” rating for the company in a research note on Wednesday, February 7th. JPMorgan Chase & Co. downgraded shares of Sensata Technologies from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $37.00 to $34.00 in a research note on Monday, January 8th. Finally, Oppenheimer raised shares of Sensata Technologies from a “market perform” rating to an “outperform” rating and set a $50.00 price target for the company in a research note on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $39.67.
Check Out Our Latest Report on ST
Sensata Technologies Price Performance
Shares of ST stock opened at $35.03 on Friday. Sensata Technologies Holding plc has a 12-month low of $30.56 and a 12-month high of $52.05. The firm has a market capitalization of $5.30 billion, a price-to-earnings ratio of -700.46, a price-to-earnings-growth ratio of 0.83 and a beta of 1.39. The company has a quick ratio of 1.69, a current ratio of 2.55 and a debt-to-equity ratio of 1.13. The firm has a fifty day moving average of $35.32 and a 200-day moving average of $35.51.
Sensata Technologies (NYSE:ST – Get Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.05). Sensata Technologies had a negative net margin of 0.10% and a positive return on equity of 17.47%. The firm had revenue of $992.50 million during the quarter, compared to analyst estimates of $978.05 million. During the same period last year, the firm earned $0.96 EPS. Sensata Technologies’s quarterly revenue was down 2.2% on a year-over-year basis. On average, equities research analysts forecast that Sensata Technologies Holding plc will post 3.74 earnings per share for the current year.
Sensata Technologies Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Tuesday, February 13th. Sensata Technologies’s payout ratio is presently -959.81%.
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. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment develops and manufactures sensors, high-voltage solutions, and other solutions used in mission-critical systems and applications, such as tire pressure monitoring, thermal management, electrical protection, regenerative braking, powertrain (engine/transmission), exhaust management, and operator controls for automobiles, on-road trucks, and off-road equipment customers.
Further Reading
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