Kettle Hill Capital Management LLC Purchases New Stake in Sensata Technologies Holding plc (NYSE:ST)

Kettle Hill Capital Management LLC acquired a new position in Sensata Technologies Holding plc (NYSE:ST) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 92,500 shares of the scientific and technical instruments company’s stock, valued at approximately $2,534,000. Kettle Hill Capital Management LLC owned approximately 0.06% of Sensata Technologies as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Blue Trust Inc. boosted its stake in shares of Sensata Technologies by 738.7% in the fourth quarter. Blue Trust Inc. now owns 931 shares of the scientific and technical instruments company’s stock valued at $26,000 after purchasing an additional 820 shares during the period. Brown Brothers Harriman & Co. bought a new stake in shares of Sensata Technologies in the 4th quarter worth approximately $27,000. Venturi Wealth Management LLC lifted its holdings in shares of Sensata Technologies by 67.6% in the fourth quarter. Venturi Wealth Management LLC now owns 2,026 shares of the scientific and technical instruments company’s stock valued at $56,000 after buying an additional 817 shares during the period. Parkside Financial Bank & Trust boosted its stake in Sensata Technologies by 48.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,523 shares of the scientific and technical instruments company’s stock valued at $69,000 after buying an additional 820 shares in the last quarter. Finally, Headlands Technologies LLC grew its holdings in Sensata Technologies by 524.8% during the fourth quarter. Headlands Technologies LLC now owns 2,768 shares of the scientific and technical instruments company’s stock worth $76,000 after acquiring an additional 2,325 shares during the period. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ST. Evercore ISI lowered shares of 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, April 3rd. Robert W. Baird cut their price objective on Sensata Technologies from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. JPMorgan Chase & Co. decreased their target price on Sensata Technologies from $27.00 to $21.00 and set an “underweight” rating on the stock in a report on Thursday, April 17th. Wells Fargo & Company started coverage on Sensata Technologies in a report on Friday, April 25th. They set an “equal weight” rating and a $20.00 target price for the company. Finally, The Goldman Sachs Group boosted their price objective on Sensata Technologies from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $33.58.

Sensata Technologies Stock Up 13.8 %

ST stock opened at $25.56 on Friday. The company has a 50 day moving average of $23.19 and a two-hundred day moving average of $27.46. The company has a quick ratio of 1.99, a current ratio of 2.85 and a debt-to-equity ratio of 1.11. Sensata Technologies Holding plc has a 12-month low of $17.32 and a 12-month high of $43.14. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 30.43, a PEG ratio of 1.25 and a beta of 1.02.

Sensata Technologies (NYSE:ST) last released its quarterly earnings data on Thursday, May 8th. The scientific and technical instruments company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. Sensata Technologies had a return on equity of 17.54% and a net margin of 3.27%. The firm had revenue of $911.26 million during the quarter, compared to analysts’ expectations of $878.39 million. During the same quarter last year, the firm earned $0.89 earnings per share. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. On average, equities analysts anticipate that Sensata Technologies Holding plc will post 3.21 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Wednesday, May 14th. Sensata Technologies’s dividend payout ratio (DPR) is presently 57.14%.

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.