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

Shellback Capital LP bought a new position in shares of Sensata Technologies Holding plc (NYSE:ST) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 104,647 shares of the scientific and technical instruments company’s stock, valued at approximately $2,867,000. Shellback Capital LP owned approximately 0.07% of Sensata Technologies at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ST. Janus Henderson Group PLC lifted its holdings in shares of Sensata Technologies by 0.5% in the fourth quarter. Janus Henderson Group PLC now owns 9,767,232 shares of the scientific and technical instruments company’s stock valued at $267,621,000 after buying an additional 44,233 shares during the period. Price T Rowe Associates Inc. MD raised its position in Sensata Technologies by 36.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,821,428 shares of the scientific and technical instruments company’s stock worth $214,308,000 after acquiring an additional 2,088,161 shares in the last quarter. Boston Partners lifted its holdings in Sensata Technologies by 11.6% in the 4th quarter. Boston Partners now owns 6,526,941 shares of the scientific and technical instruments company’s stock valued at $179,087,000 after acquiring an additional 677,316 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Sensata Technologies by 12.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,808,186 shares of the scientific and technical instruments company’s stock valued at $159,143,000 after acquiring an additional 648,028 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its position in shares of Sensata Technologies by 96.8% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 5,260,870 shares of the scientific and technical instruments company’s stock valued at $144,148,000 after purchasing an additional 2,587,183 shares in the last quarter. Institutional investors own 99.42% of the company’s stock.

Sensata Technologies Stock Down 1.6%

NYSE:ST opened at $27.35 on Friday. The business’s fifty day moving average price is $23.17 and its 200 day moving average price is $27.31. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 32.56, a PEG ratio of 1.25 and a beta of 1.02. 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 1-year low of $17.32 and a 1-year high of $43.12.

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

Sensata Technologies Announces Dividend

The business 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 dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Wednesday, May 14th. Sensata Technologies’s dividend payout ratio (DPR) is currently 59.26%.

Analyst Upgrades and Downgrades

ST has been the topic of a number of research reports. UBS Group dropped their target price on shares of Sensata Technologies from $37.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Oppenheimer decreased their price target on shares of Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. The Goldman Sachs Group raised their price objective on Sensata Technologies from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. Robert W. Baird decreased their target price on Sensata Technologies from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. reduced their target price on Sensata Technologies from $27.00 to $21.00 and set an “underweight” rating for the company in a report on Thursday, April 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $33.58.

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.