Alaska Permanent Fund Corp Takes $449,000 Position in Sensata Technologies Holding plc (NYSE:ST)

Alaska Permanent Fund Corp bought a new stake in Sensata Technologies Holding plc (NYSE:ST) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 11,940 shares of the scientific and technical instruments company’s stock, valued at approximately $449,000.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC lifted its holdings in shares of Sensata Technologies by 253.8% during the 3rd quarter. CWM LLC now owns 3,014 shares of the scientific and technical instruments company’s stock worth $114,000 after acquiring an additional 2,162 shares during the period. SG Americas Securities LLC grew its stake in shares of Sensata Technologies by 153.8% in the 3rd quarter. SG Americas Securities LLC now owns 13,102 shares of the scientific and technical instruments company’s stock valued at $496,000 after purchasing an additional 7,940 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Sensata Technologies in the 3rd quarter worth approximately $685,000. Boston Trust Walden Corp lifted its position in shares of Sensata Technologies by 13.1% during the 3rd quarter. Boston Trust Walden Corp now owns 14,741 shares of the scientific and technical instruments company’s stock worth $558,000 after buying an additional 1,705 shares during the period. Finally, Asset Management One Co. Ltd. boosted its stake in Sensata Technologies by 1.7% in the 3rd quarter. Asset Management One Co. Ltd. now owns 64,151 shares of the scientific and technical instruments company’s stock valued at $2,426,000 after buying an additional 1,052 shares in the last quarter. 99.42% of the stock is owned by institutional investors and hedge funds.

Sensata Technologies Price Performance

Shares of NYSE:ST opened at $34.96 on Friday. 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 Holding plc has a 1-year low of $30.56 and a 1-year high of $47.41. The business has a 50-day moving average price of $35.06 and a two-hundred day moving average price of $34.71.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.81 EPS for the quarter, missing the consensus estimate 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 business had revenue of $992.50 million for the quarter, compared to analyst estimates of $978.05 million. During the same quarter in the prior year, the firm earned $0.96 EPS. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. On average, equities research analysts expect that Sensata Technologies Holding plc will post 3.72 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be paid a dividend of $0.12 per share. The ex-dividend date is Tuesday, May 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.37%. Sensata Technologies’s dividend payout ratio (DPR) is presently -959.81%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ST. The Goldman Sachs Group reissued a “neutral” rating and set a $36.00 price objective (down from $44.00) on shares of Sensata Technologies in a report on Tuesday, April 9th. JPMorgan Chase & Co. downgraded shares of Sensata Technologies from a “neutral” rating to an “underweight” rating and cut their price target for the company from $37.00 to $34.00 in a report on Monday, January 8th. Stifel Nicolaus reduced their target price on Sensata Technologies from $40.00 to $36.00 and set a “hold” rating on the stock in a report on Wednesday, February 7th. Bank of America cut Sensata Technologies from a “buy” rating to a “neutral” rating and dropped their price target for the company from $46.00 to $38.00 in a report on Wednesday, February 7th. Finally, Jefferies Financial Group assumed coverage on Sensata Technologies in a report on Tuesday, April 9th. They set a “hold” rating and a $40.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $39.25.

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.