Occudo Quantitative Strategies LP Makes New $368,000 Investment in Sensata Technologies Holding plc (NYSE:ST)

Occudo Quantitative Strategies LP acquired a new position in Sensata Technologies Holding plc (NYSE:ST) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 13,448 shares of the scientific and technical instruments company’s stock, valued at approximately $368,000.

A number of other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Sensata Technologies by 9.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 428,966 shares of the scientific and technical instruments company’s stock worth $11,675,000 after purchasing an additional 37,591 shares in the last quarter. Invenomic Capital Management LP grew its stake in shares of Sensata Technologies by 21.7% in the fourth quarter. Invenomic Capital Management LP now owns 1,044,180 shares of the scientific and technical instruments company’s stock worth $28,611,000 after acquiring an additional 186,511 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Sensata Technologies by 0.5% in the fourth quarter. Janus Henderson Group PLC now owns 9,767,232 shares of the scientific and technical instruments company’s stock worth $267,621,000 after acquiring an additional 44,233 shares during the last quarter. Kettle Hill Capital Management LLC purchased a new stake in shares of Sensata Technologies in the fourth quarter worth $2,534,000. Finally, Gotham Asset Management LLC grew its stake in shares of Sensata Technologies by 283.9% in the fourth quarter. Gotham Asset Management LLC now owns 31,445 shares of the scientific and technical instruments company’s stock worth $862,000 after acquiring an additional 23,254 shares during the last quarter. Institutional investors own 99.42% of the company’s stock.

Sensata Technologies Stock Down 1.6%

NYSE ST opened at $27.35 on Friday. The stock’s 50-day moving average price is $23.17 and its 200-day moving average price is $27.31. The company has a quick ratio of 1.99, a current ratio of 2.85 and a debt-to-equity ratio of 1.11. Sensata Technologies Holding plc has a 52 week low of $17.32 and a 52 week high of $43.12. The company has a market capitalization of $4.00 billion, a P/E ratio of 32.56, a price-to-earnings-growth ratio of 1.25 and a beta of 1.02.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings data on Thursday, May 8th. The scientific and technical instruments company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.72 by $0.06. The firm had revenue of $911.26 million for the quarter, compared to the consensus estimate of $878.39 million. Sensata Technologies had a return on equity of 17.54% and a net margin of 3.27%. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 earnings per share. On average, equities research analysts predict that Sensata Technologies Holding plc will post 3.21 earnings per share for the current year.

Sensata Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.48 dividend on an annualized basis and a yield of 1.76%. Sensata Technologies’s dividend payout ratio is presently 59.26%.

Analysts Set New Price Targets

A number of research firms have recently commented on ST. Evercore ISI cut Sensata Technologies from an “outperform” rating to an “inline” rating and cut their target price for the stock from $40.00 to $27.00 in a research note on Thursday, April 3rd. Oppenheimer cut their target price on Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Robert W. Baird dropped their price objective on Sensata Technologies from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 15th. UBS Group dropped their price objective on Sensata Technologies from $37.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Finally, The Goldman Sachs Group increased their price objective on Sensata Technologies from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $33.58.

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.