Invenomic Capital Management LP Grows Position in Sensata Technologies Holding plc (NYSE:ST)

Invenomic Capital Management LP increased its position in shares of Sensata Technologies Holding plc (NYSE:ST) by 12.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 857,669 shares of the scientific and technical instruments company’s stock after purchasing an additional 93,254 shares during the period. Sensata Technologies comprises approximately 1.7% of Invenomic Capital Management LP’s holdings, making the stock its 12th largest position. Invenomic Capital Management LP’s holdings in Sensata Technologies were worth $30,756,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Janus Henderson Group PLC increased its stake in shares of Sensata Technologies by 0.5% in the third quarter. Janus Henderson Group PLC now owns 9,722,999 shares of the scientific and technical instruments company’s stock valued at $348,666,000 after purchasing an additional 45,513 shares during the period. Millennium Management LLC boosted its stake in Sensata Technologies by 84.8% in the 2nd quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company’s stock valued at $189,158,000 after buying an additional 2,321,782 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Sensata Technologies by 16.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,643,665 shares of the scientific and technical instruments company’s stock worth $173,627,000 after purchasing an additional 658,728 shares during the last quarter. FMR LLC grew its holdings in shares of Sensata Technologies by 18.9% during the third quarter. FMR LLC now owns 3,895,776 shares of the scientific and technical instruments company’s stock worth $139,703,000 after buying an additional 618,202 shares in the last quarter. Finally, Eminence Capital LP increased its stake in shares of Sensata Technologies by 31.8% during the 2nd quarter. Eminence Capital LP now owns 3,423,317 shares of the scientific and technical instruments company’s stock worth $127,998,000 after purchasing an additional 826,353 shares during the last quarter. 99.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ST. Wolfe Research began coverage on Sensata Technologies in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Evercore ISI dropped their target price on Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating on the stock in a report on Tuesday, October 15th. Oppenheimer reduced their price objective on shares of Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. The Goldman Sachs Group cut their price objective on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 1st. Finally, TD Cowen decreased their price target on shares of Sensata Technologies from $50.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $41.00.

Sensata Technologies Stock Up 0.6 %

ST stock opened at $32.33 on Tuesday. The company has a quick ratio of 1.76, a current ratio of 2.60 and a debt-to-equity ratio of 1.08. The firm’s fifty day simple moving average is $34.11 and its 200-day simple moving average is $36.75. Sensata Technologies Holding plc has a 12 month low of $30.43 and a 12 month high of $43.14.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, meeting the consensus estimate of $0.86. The company had revenue of $982.80 million during the quarter, compared to analysts’ expectations of $983.93 million. Sensata Technologies had a positive return on equity of 17.68% and a negative net margin of 1.98%. Sensata Technologies’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period last year, the business earned $0.91 earnings per share. Equities analysts anticipate that Sensata Technologies Holding plc will post 3.43 EPS for the current year.

Sensata Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a $0.12 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $0.48 annualized dividend and a dividend yield of 1.48%. Sensata Technologies’s dividend payout ratio is presently -88.89%.

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.