Sensata Technologies (NYSE:ST) Sets New 1-Year Low – Here’s What Happened

Sensata Technologies Holding plc (NYSE:ST)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $17.32 and last traded at $17.99, with a volume of 796014 shares traded. The stock had previously closed at $17.69.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ST shares. Evercore ISI downgraded Sensata Technologies from an “outperform” rating to an “inline” rating and reduced their target price for the company from $40.00 to $27.00 in a report on Thursday, April 3rd. UBS Group reduced their price objective on shares of Sensata Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday. The Goldman Sachs Group upgraded shares of Sensata Technologies from a “neutral” rating to a “buy” rating and cut their price target for the company from $31.00 to $27.00 in a report on Thursday. Finally, Oppenheimer decreased their price objective on shares of Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $36.73.

Sensata Technologies Trading Up 0.4 %

The company has a fifty day moving average price of $26.18 and a 200-day moving average price of $29.59. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 23.25, a price-to-earnings-growth ratio of 1.25 and a beta of 1.12. The company has a current ratio of 2.85, a quick ratio of 1.99 and a debt-to-equity ratio of 1.11.

Sensata Technologies (NYSE:ST) last posted its earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.76. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. On average, equities research analysts predict that Sensata Technologies Holding plc will post 3.21 EPS for the current year.

Sensata Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.12 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.48 annualized dividend and a yield of 2.46%. Sensata Technologies’s dividend payout ratio (DPR) is currently 57.14%.

Institutional Trading of Sensata Technologies

Several large investors have recently made changes to their positions in ST. Reinhart Partners LLC. lifted its holdings in Sensata Technologies by 42.0% in the 1st quarter. Reinhart Partners LLC. now owns 291,015 shares of the scientific and technical instruments company’s stock worth $7,063,000 after purchasing an additional 86,074 shares during the last quarter. Legacy Wealth Asset Management LLC raised its position in shares of Sensata Technologies by 53.7% in the first quarter. Legacy Wealth Asset Management LLC now owns 14,474 shares of the scientific and technical instruments company’s stock valued at $351,000 after purchasing an additional 5,057 shares during the period. Parallel Advisors LLC lifted its stake in shares of Sensata Technologies by 278.8% in the first quarter. Parallel Advisors LLC now owns 1,519 shares of the scientific and technical instruments company’s stock worth $37,000 after buying an additional 1,118 shares during the last quarter. GAMMA Investing LLC grew its stake in Sensata Technologies by 16,354.1% in the 1st quarter. GAMMA Investing LLC now owns 70,917 shares of the scientific and technical instruments company’s stock valued at $1,721,000 after buying an additional 70,486 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings in Sensata Technologies by 2,152.8% in the 1st quarter. Versant Capital Management Inc now owns 15,229 shares of the scientific and technical instruments company’s stock worth $370,000 after acquiring an additional 14,553 shares during the period. Institutional investors own 99.42% of the company’s stock.

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.