Corebridge Financial Inc. Decreases Stock Holdings in Sensata Technologies Holding plc (NYSE:ST)

Corebridge Financial Inc. lessened its stake in Sensata Technologies Holding plc (NYSE:ST) by 5.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 169,238 shares of the scientific and technical instruments company’s stock after selling 9,265 shares during the quarter. Corebridge Financial Inc.’s holdings in Sensata Technologies were worth $4,637,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ST. Merewether Investment Management LP bought a new stake in shares of Sensata Technologies in the 3rd quarter valued at about $25,446,000. Boston Partners boosted its stake in Sensata Technologies by 11.6% in the fourth quarter. Boston Partners now owns 6,526,941 shares of the scientific and technical instruments company’s stock valued at $179,087,000 after acquiring an additional 677,316 shares in the last quarter. FMR LLC boosted its stake in Sensata Technologies by 18.9% in the third quarter. FMR LLC now owns 3,895,776 shares of the scientific and technical instruments company’s stock valued at $139,703,000 after acquiring an additional 618,202 shares in the last quarter. Sei Investments Co. grew its holdings in Sensata Technologies by 54.6% in the fourth quarter. Sei Investments Co. now owns 756,476 shares of the scientific and technical instruments company’s stock worth $20,728,000 after purchasing an additional 267,318 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Sensata Technologies by 66.7% during the third quarter. JPMorgan Chase & Co. now owns 660,568 shares of the scientific and technical instruments company’s stock worth $23,688,000 after purchasing an additional 264,334 shares in the last quarter. 99.42% of the stock is currently owned by institutional investors.

Sensata Technologies Stock Performance

Shares of NYSE ST opened at $24.79 on Monday. The stock has a market cap of $3.71 billion, a price-to-earnings ratio of 29.51, a PEG ratio of 1.25 and a beta of 1.20. Sensata Technologies Holding plc has a 12 month low of $24.42 and a 12 month high of $43.14. The company has a 50 day simple moving average of $27.80 and a two-hundred day simple moving average of $30.65. 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 quarterly earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 EPS for the quarter, meeting the consensus estimate of $0.76. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. As a group, analysts predict that Sensata Technologies Holding plc will post 3.21 earnings per share for the current year.

Sensata Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend was Wednesday, February 12th. Sensata Technologies’s payout ratio is currently 57.14%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. The Goldman Sachs Group lowered their price objective on Sensata Technologies from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Oppenheimer lowered their price target on Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Evercore ISI cut their price objective on shares of Sensata Technologies from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Finally, UBS Group lowered their target price on shares of Sensata Technologies from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $39.08.

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.