Sensata Technologies Holding plc (NYSE:ST) Director Ali John Mirshekari Purchases 73,137 Shares

Sensata Technologies Holding plc (NYSE:ST) Director Ali John Mirshekari bought 73,137 shares of the stock in a transaction on Thursday, May 2nd. The shares were acquired at an average cost of $39.17 per share, with a total value of $2,864,776.29. Following the acquisition, the director now directly owns 73,137 shares in the company, valued at approximately $2,864,776.29. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Sensata Technologies Trading Up 2.6 %

ST stock traded up $1.03 during midday trading on Monday, hitting $41.10. The stock had a trading volume of 3,924,531 shares, compared to its average volume of 2,218,468. The firm has a market cap of $6.19 billion, a P/E ratio of -364.24, a price-to-earnings-growth ratio of 0.97 and a beta of 1.32. The company has a current ratio of 2.64, a quick ratio of 1.74 and a debt-to-equity ratio of 1.14. Sensata Technologies Holding plc has a 1-year low of $30.56 and a 1-year high of $47.41. The business has a fifty day moving average price of $35.49 and a two-hundred day moving average price of $34.71.

Sensata Technologies (NYSE:ST) last released its earnings results 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. Sensata Technologies had a negative net margin of 0.35% and a positive return on equity of 17.58%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $986.51 million. During the same quarter in the previous year, the business earned $0.92 earnings per share. Sensata Technologies’s revenue for the quarter was up .9% on a year-over-year basis. On average, sell-side analysts predict that Sensata Technologies Holding plc will post 3.75 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Tuesday, May 7th. Sensata Technologies’s dividend payout ratio (DPR) is currently -436.32%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ST. JPMorgan Chase & Co. lowered shares of Sensata Technologies from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $37.00 to $34.00 in a report on Monday, January 8th. Jefferies Financial Group assumed coverage on shares of Sensata Technologies in a report on Tuesday, April 9th. They issued a “hold” rating and a $40.00 price target for the company. Evercore ISI raised shares of Sensata Technologies from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $44.00 to $60.00 in a research note on Monday. Oppenheimer raised shares of Sensata Technologies from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a research report on Tuesday, January 30th. Finally, Bank of America cut shares of Sensata Technologies from a “buy” rating to a “neutral” rating and dropped their target price for the company from $46.00 to $38.00 in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $43.78.

Institutional Investors Weigh In On Sensata Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Amalgamated Bank increased its stake in Sensata Technologies by 0.3% in the first quarter. Amalgamated Bank now owns 94,351 shares of the scientific and technical instruments company’s stock valued at $3,466,000 after purchasing an additional 310 shares in the last quarter. Fulton Bank N.A. increased its position in shares of Sensata Technologies by 1.2% during the first quarter. Fulton Bank N.A. now owns 25,912 shares of the scientific and technical instruments company’s stock worth $952,000 after acquiring an additional 317 shares in the last quarter. Northwest Investment Counselors LLC increased its position in shares of Sensata Technologies by 1.1% during the first quarter. Northwest Investment Counselors LLC now owns 28,174 shares of the scientific and technical instruments company’s stock worth $1,035,000 after acquiring an additional 320 shares in the last quarter. Treasurer of the State of North Carolina increased its position in shares of Sensata Technologies by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 66,248 shares of the scientific and technical instruments company’s stock worth $2,505,000 after acquiring an additional 340 shares in the last quarter. Finally, M&T Bank Corp increased its position in shares of Sensata Technologies by 7.1% during the third quarter. M&T Bank Corp now owns 6,312 shares of the scientific and technical instruments company’s stock worth $239,000 after acquiring an additional 421 shares in the last quarter. 99.42% of the stock is owned by institutional investors.

About Sensata Technologies

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.