Prospector Partners LLC Grows Stock Holdings in Sensata Technologies Holding plc (NYSE:ST)

Prospector Partners LLC increased its stake in Sensata Technologies Holding plc (NYSE:ST) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 328,815 shares of the scientific and technical instruments company’s stock after purchasing an additional 5,700 shares during the quarter. Sensata Technologies accounts for 1.5% of Prospector Partners LLC’s portfolio, making the stock its 27th largest position. Prospector Partners LLC owned about 0.22% of Sensata Technologies worth $12,354,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC raised its holdings in Sensata Technologies by 1,389.8% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 730 shares of the scientific and technical instruments company’s stock worth $28,000 after purchasing an additional 681 shares during the period. Principal Securities Inc. bought a new position in shares of Sensata Technologies in the fourth quarter worth about $29,000. Parkside Financial Bank & Trust lifted its position in shares of Sensata Technologies by 761.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 887 shares of the scientific and technical instruments company’s stock valued at $33,000 after buying an additional 784 shares in the last quarter. Covestor Ltd grew its stake in shares of Sensata Technologies by 71.6% during the 3rd quarter. Covestor Ltd now owns 1,249 shares of the scientific and technical instruments company’s stock valued at $47,000 after acquiring an additional 521 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in Sensata Technologies in the 4th quarter worth approximately $155,000. Institutional investors own 99.42% of the company’s stock.

Sensata Technologies Price Performance

Shares of Sensata Technologies stock traded down $0.15 during trading hours on Thursday, reaching $41.85. The company’s stock had a trading volume of 426,034 shares, compared to its average volume of 2,198,278. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.64 and a quick ratio of 1.74. Sensata Technologies Holding plc has a one year low of $30.56 and a one year high of $47.41. The firm has a 50 day moving average price of $37.47 and a 200-day moving average price of $35.48. The stock has a market cap of $6.30 billion, a P/E ratio of -381.78, a P/E/G ratio of 1.24 and a beta of 1.32.

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 (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.03. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $986.51 million. Sensata Technologies had a positive return on equity of 17.58% and a negative net margin of 0.35%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the company earned $0.92 EPS. On average, analysts predict that Sensata Technologies Holding plc will post 3.75 EPS for the current year.

Sensata Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.48 annualized dividend and a yield of 1.15%. Sensata Technologies’s payout ratio is -436.32%.

Analyst Ratings Changes

ST has been the subject of a number of recent analyst reports. Robert W. Baird upped their price target on shares of Sensata Technologies from $37.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 30th. Truist Financial boosted their price objective on Sensata Technologies from $36.00 to $46.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Jefferies Financial Group started coverage on Sensata Technologies in a research report on Tuesday, April 9th. They set a “hold” rating and a $40.00 target price for the company. Bank of America cut Sensata Technologies from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $46.00 to $38.00 in a report on Wednesday, February 7th. Finally, The Goldman Sachs Group reaffirmed 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Sensata Technologies presently has an average rating of “Hold” and a consensus price target of $43.78.

Insiders Place Their Bets

In other Sensata Technologies news, Director Ali John Mirshekari acquired 73,137 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was bought at an average price of $39.17 per share, for a total transaction of $2,864,776.29. Following the acquisition, the director now directly owns 73,137 shares in the company, valued at $2,864,776.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by insiders.

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.