Truist Financial Corp Sells 48,098 Shares of Sensata Technologies Holding plc (NYSE:ST)

Truist Financial Corp trimmed its holdings in Sensata Technologies Holding plc (NYSE:ST) by 11.5% in the 4th quarter, Holdings Channel reports. The fund owned 369,258 shares of the scientific and technical instruments company’s stock after selling 48,098 shares during the quarter. Truist Financial Corp’s holdings in Sensata Technologies were worth $13,873,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in Sensata Technologies by 1.8% during the third quarter. Vanguard Group Inc. now owns 14,840,668 shares of the scientific and technical instruments company’s stock valued at $561,274,000 after acquiring an additional 265,583 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Sensata Technologies by 1.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,084,921 shares of the scientific and technical instruments company’s stock valued at $192,312,000 after purchasing an additional 62,468 shares during the period. Shapiro Capital Management LLC raised its stake in shares of Sensata Technologies by 4.5% in the third quarter. Shapiro Capital Management LLC now owns 4,358,416 shares of the scientific and technical instruments company’s stock valued at $164,835,000 after purchasing an additional 186,627 shares in the last quarter. Schroder Investment Management Group lifted its position in Sensata Technologies by 6.0% in the third quarter. Schroder Investment Management Group now owns 2,952,062 shares of the scientific and technical instruments company’s stock worth $111,647,000 after purchasing an additional 166,584 shares during the period. Finally, AQR Capital Management LLC boosted its stake in Sensata Technologies by 172.5% during the third quarter. AQR Capital Management LLC now owns 1,928,193 shares of the scientific and technical instruments company’s stock worth $72,924,000 after buying an additional 1,220,599 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Truist Financial increased their price objective on shares of Sensata Technologies from $36.00 to $46.00 and gave the company a “hold” rating in a research note on Tuesday. Bank of America lowered 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 report on Wednesday, February 7th. Jefferies Financial Group started coverage on Sensata Technologies in a research note on Tuesday, April 9th. They issued a “hold” rating and a $40.00 price objective on the stock. The Goldman Sachs Group reissued a “neutral” rating and issued a $36.00 target price (down from $44.00) on shares of Sensata Technologies in a report on Tuesday, April 9th. Finally, Robert W. Baird upped their price target on Sensata Technologies from $37.00 to $47.00 and gave the company a “neutral” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $42.00.

Sensata Technologies Trading Up 1.8 %

Shares of ST stock opened at $38.99 on Thursday. Sensata Technologies Holding plc has a 52 week low of $30.56 and a 52 week high of $47.41. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.69 and a current ratio of 2.64. The stock’s fifty day moving average is $35.28 and its 200-day moving average is $34.69.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings data on Monday, April 29th. The scientific and technical instruments company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.03. Sensata Technologies had a negative net margin of 0.35% and a positive return on equity of 17.58%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $986.51 million. During the same quarter last year, the company posted $0.92 EPS. The company’s quarterly revenue was up .9% compared to the same quarter last year. As a group, sell-side analysts forecast that Sensata Technologies Holding plc will post 3.72 EPS for the current year.

Sensata Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.23%. The ex-dividend date is Tuesday, May 7th. Sensata Technologies’s dividend 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.