Shellback Capital LP Invests $2.87 Million in Sensata Technologies Holding plc (NYSE:ST)

Shellback Capital LP purchased a new stake in Sensata Technologies Holding plc (NYSE:ST) in the 4th quarter, HoldingsChannel reports. The firm purchased 104,647 shares of the scientific and technical instruments company’s stock, valued at approximately $2,867,000.

Other large investors have also made changes to their positions in the company. Norges Bank bought a new position in Sensata Technologies during the fourth quarter valued at approximately $48,580,000. Invesco Ltd. increased its stake in shares of Sensata Technologies by 19.4% during the 4th quarter. Invesco Ltd. now owns 326,180 shares of the scientific and technical instruments company’s stock worth $8,937,000 after purchasing an additional 53,034 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of Sensata Technologies by 94.7% during the 4th quarter. Prudential Financial Inc. now owns 213,624 shares of the scientific and technical instruments company’s stock valued at $5,853,000 after purchasing an additional 103,897 shares in the last quarter. Kempner Capital Management Inc. lifted its stake in shares of Sensata Technologies by 233.9% in the 4th quarter. Kempner Capital Management Inc. now owns 209,064 shares of the scientific and technical instruments company’s stock valued at $5,728,000 after purchasing an additional 146,449 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Sensata Technologies by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,060,537 shares of the scientific and technical instruments company’s stock valued at $29,059,000 after purchasing an additional 19,233 shares during the last quarter. Institutional investors own 99.42% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of Sensata Technologies from $27.00 to $21.00 and set an “underweight” rating on the stock in a research report on Thursday, April 17th. Evercore ISI downgraded Sensata Technologies from an “outperform” rating to an “inline” rating and decreased their price target for the stock from $40.00 to $27.00 in a research note on Thursday, April 3rd. The Goldman Sachs Group raised their price objective on Sensata Technologies from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, May 9th. UBS Group reduced their target price on Sensata Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Finally, Robert W. Baird decreased their target price 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Sensata Technologies has an average rating of “Hold” and a consensus target price of $33.58.

Sensata Technologies Stock Down 1.6%

Shares of ST stock opened at $27.35 on Friday. Sensata Technologies Holding plc has a one year low of $17.32 and a one year high of $43.12. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.85 and a quick ratio of 1.99. The stock has a fifty day moving average price of $23.17 and a 200 day moving average price of $27.31. The stock has a market cap of $4.00 billion, a P/E ratio of 32.56, a price-to-earnings-growth ratio of 1.25 and a beta of 1.02.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings results on Thursday, May 8th. The scientific and technical instruments company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.06. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. The firm had revenue of $911.26 million during the quarter, compared to analyst estimates of $878.39 million. During the same quarter in the prior year, the business posted $0.89 earnings per share. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. Analysts predict that Sensata Technologies Holding plc will post 3.21 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $0.48 annualized dividend and a dividend yield of 1.76%. Sensata Technologies’s dividend payout ratio is presently 59.26%.

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.