Daiwa Securities Group Inc. Sells 10,313 Shares of Sensata Technologies Holding plc (NYSE:ST)

Daiwa Securities Group Inc. trimmed its position in shares of Sensata Technologies Holding plc (NYSE:ST) by 31.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,670 shares of the scientific and technical instruments company’s stock after selling 10,313 shares during the period. Daiwa Securities Group Inc.’s holdings in Sensata Technologies were worth $852,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Mackenzie Financial Corp raised its position in shares of Sensata Technologies by 21.8% during the 4th quarter. Mackenzie Financial Corp now owns 1,478,641 shares of the scientific and technical instruments company’s stock valued at $55,553,000 after purchasing an additional 265,064 shares during the period. Cornercap Investment Counsel Inc. raised its position in shares of Sensata Technologies by 17.0% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 28,231 shares of the scientific and technical instruments company’s stock valued at $1,061,000 after purchasing an additional 4,094 shares during the period. Louisiana State Employees Retirement System bought a new stake in shares of Sensata Technologies during the 4th quarter valued at $1,597,000. International Assets Investment Management LLC bought a new stake in shares of Sensata Technologies during the 4th quarter valued at $1,310,000. Finally, Olstein Capital Management L.P. raised its position 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 valued at $12,811,000 after purchasing an additional 35,000 shares during the period. 99.42% of the stock is currently owned by institutional investors.

Sensata Technologies Price Performance

Shares of NYSE:ST opened at $34.42 on Thursday. Sensata Technologies Holding plc has a 52 week low of $30.56 and a 52 week high of $47.41. The firm has a fifty day simple moving average of $35.02 and a two-hundred day simple moving average of $34.73. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.55 and a quick ratio of 1.69.

Sensata Technologies (NYSE:ST) last released its quarterly earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.05). Sensata Technologies had a positive return on equity of 17.47% and a negative net margin of 0.10%. The firm had revenue of $992.50 million for the quarter, compared to analysts’ expectations of $978.05 million. During the same period in the prior year, the firm posted $0.96 earnings per share. Sensata Technologies’s revenue for the quarter was down 2.2% on a year-over-year basis. As a group, sell-side analysts predict that Sensata Technologies Holding plc will post 3.72 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Sensata Technologies from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $37.00 to $34.00 in a report on Monday, January 8th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $36.00 price target (down from $44.00) on shares of Sensata Technologies in a report on Tuesday, April 9th. Oppenheimer upgraded shares of Sensata Technologies from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a report on Tuesday, January 30th. Truist Financial reduced their price target on shares of Sensata Technologies from $39.00 to $36.00 and set a “hold” rating on the stock in a report on Wednesday, February 7th. Finally, Stifel Nicolaus reduced their price target on shares of Sensata Technologies from $40.00 to $36.00 and set a “hold” rating on the stock in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $39.25.

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.