New York State Teachers Retirement System Has $986,000 Stake in Sensata Technologies Holding plc (NYSE:ST)

New York State Teachers Retirement System boosted its position in Sensata Technologies Holding plc (NYSE:ST) by 16.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,839 shares of the scientific and technical instruments company’s stock after purchasing an additional 3,739 shares during the quarter. New York State Teachers Retirement System’s holdings in Sensata Technologies were worth $986,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ST. Jump Financial LLC acquired a new stake in shares of Sensata Technologies in the fourth quarter valued at approximately $2,529,000. Teachers Retirement System of The State of Kentucky bought a new stake in shares of Sensata Technologies during the 3rd quarter valued at $1,294,000. Olstein Capital Management L.P. grew its holdings in shares of Sensata Technologies by 11.4% during the 4th quarter. Olstein Capital Management L.P. now owns 341,000 shares of the scientific and technical instruments company’s stock worth $12,811,000 after purchasing an additional 35,000 shares in the last quarter. Natixis Advisors L.P. raised its stake in Sensata Technologies by 39.0% in the fourth quarter. Natixis Advisors L.P. now owns 235,010 shares of the scientific and technical instruments company’s stock valued at $8,829,000 after purchasing an additional 65,911 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in Sensata Technologies during the fourth quarter worth about $1,310,000. 99.42% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Ali John Mirshekari acquired 73,137 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were acquired at an average price of $39.17 per share, for a total transaction of $2,864,776.29. Following the completion of the purchase, the director now owns 73,137 shares in the company, valued at $2,864,776.29. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Evercore ISI upgraded Sensata Technologies from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $44.00 to $60.00 in a research report on Monday, May 6th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $36.00 price target (down from $44.00) on shares of Sensata Technologies in a report on Tuesday, April 9th. Stifel Nicolaus increased their price objective on shares of Sensata Technologies from $36.00 to $43.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Jefferies Financial Group initiated coverage on shares of Sensata Technologies in a research note on Tuesday, April 9th. They set a “hold” rating and a $40.00 target price on the stock. Finally, Truist Financial raised their price objective on Sensata Technologies from $36.00 to $46.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Sensata Technologies currently has a consensus rating of “Hold” and a consensus target price of $43.78.

Sensata Technologies Stock Down 0.8 %

ST stock traded down $0.32 during trading on Tuesday, reaching $39.22. 1,574,778 shares of the stock were exchanged, compared to its average volume of 2,159,796. The company has a current ratio of 2.64, a quick ratio of 1.74 and a debt-to-equity ratio of 1.14. Sensata Technologies Holding plc has a twelve month low of $30.56 and a twelve month high of $47.41. The firm’s 50 day moving average is $38.76 and its 200 day moving average is $36.36. The firm has a market cap of $5.90 billion, a P/E ratio of -356.51, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30.

Sensata Technologies (NYSE:ST) last posted its earnings results on Monday, April 29th. The scientific and technical instruments company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.86 by $0.03. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $986.51 million. Sensata Technologies had a negative net margin of 0.35% and a positive return on equity of 17.58%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.92 earnings per share. As a group, research analysts forecast that Sensata Technologies Holding plc will post 3.75 EPS for the current year.

Sensata Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Tuesday, May 7th. Sensata Technologies’s payout ratio is -436.32%.

Sensata Technologies Company 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.