Alliancebernstein L.P. Lowers Holdings in Sensata Technologies Holding plc (NYSE:ST)

Alliancebernstein L.P. reduced its stake in Sensata Technologies Holding plc (NYSE:ST) by 6.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,054,740 shares of the scientific and technical instruments company’s stock after selling 68,032 shares during the period. Alliancebernstein L.P.’s holdings in Sensata Technologies were worth $28,900,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ST. Tidal Investments LLC lifted its position in Sensata Technologies by 1.1% in the 3rd quarter. Tidal Investments LLC now owns 29,346 shares of the scientific and technical instruments company’s stock valued at $1,052,000 after acquiring an additional 314 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Sensata Technologies by 3.7% in the third quarter. Franklin Resources Inc. now owns 11,442 shares of the scientific and technical instruments company’s stock worth $418,000 after purchasing an additional 403 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Sensata Technologies by 0.9% during the fourth quarter. Arizona State Retirement System now owns 43,810 shares of the scientific and technical instruments company’s stock valued at $1,200,000 after purchasing an additional 405 shares in the last quarter. Quarry LP boosted its position in shares of Sensata Technologies by 61.2% during the third quarter. Quarry LP now owns 1,714 shares of the scientific and technical instruments company’s stock valued at $61,000 after buying an additional 651 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in Sensata Technologies by 9.4% in the 4th quarter. Jones Financial Companies Lllp now owns 7,751 shares of the scientific and technical instruments company’s stock worth $212,000 after buying an additional 668 shares during the last quarter. 99.42% of the stock is currently owned by institutional investors.

Sensata Technologies Price Performance

NYSE ST opened at $18.68 on Monday. 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 Holding plc has a 12 month low of $17.51 and a 12 month high of $43.14. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 1.25 and a beta of 1.12. The company’s 50 day moving average is $27.16 and its two-hundred day moving average is $30.21.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings data 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, research analysts anticipate that Sensata Technologies Holding plc will post 3.21 earnings per share for the current year.

Sensata Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend was Wednesday, February 12th. Sensata Technologies’s dividend payout ratio (DPR) is 57.14%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ST shares. UBS Group decreased 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. Evercore ISI cut Sensata Technologies from an “outperform” rating to an “inline” rating and reduced their price objective for the company from $40.00 to $27.00 in a research report on Thursday. Oppenheimer dropped their target price on Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group reduced their price target on shares of Sensata Technologies from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Sensata Technologies has a consensus rating of “Hold” and an average price target of $38.00.

Sensata Technologies 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.