Alaska Permanent Fund Corp Invests $449,000 in Sensata Technologies Holding plc (NYSE:ST)

Alaska Permanent Fund Corp purchased a new stake in shares of Sensata Technologies Holding plc (NYSE:ST) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 11,940 shares of the scientific and technical instruments company’s stock, valued at approximately $449,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Sensata Technologies in the 3rd quarter valued at approximately $1,294,000. Olstein Capital Management L.P. grew its holdings in Sensata Technologies by 11.4% during the 4th quarter. Olstein Capital Management L.P. now owns 341,000 shares of the scientific and technical instruments company’s stock worth $12,811,000 after acquiring an additional 35,000 shares in the last quarter. Schroder Investment Management Group increased its position in shares of Sensata Technologies by 6.0% in the 3rd quarter. Schroder Investment Management Group now owns 2,952,062 shares of the scientific and technical instruments company’s stock worth $111,647,000 after purchasing an additional 166,584 shares during the last quarter. Kempner Capital Management Inc. raised its stake in shares of Sensata Technologies by 99.8% in the 4th quarter. Kempner Capital Management Inc. now owns 85,823 shares of the scientific and technical instruments company’s stock valued at $3,224,000 after purchasing an additional 42,867 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Sensata Technologies by 71.1% during the third quarter. Invesco Ltd. now owns 303,865 shares of the scientific and technical instruments company’s stock worth $11,492,000 after purchasing an additional 126,295 shares during the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ST shares. Stifel Nicolaus lowered their price objective on Sensata Technologies from $40.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, February 7th. Oppenheimer raised 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. Truist Financial decreased their price objective on shares of Sensata Technologies from $39.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, February 7th. Jefferies Financial Group assumed coverage on shares of Sensata Technologies in a report on Tuesday, April 9th. They set a “hold” rating and a $40.00 target price on the stock. Finally, Bank of America downgraded shares of Sensata Technologies from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $46.00 to $38.00 in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $39.25.

Sensata Technologies Trading Up 1.7 %

Sensata Technologies stock opened at $34.96 on Friday. The company has a 50-day simple moving average of $35.06 and a 200-day simple moving average of $34.71. Sensata Technologies Holding plc has a one year low of $30.56 and a one year high of $47.41. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.69 and a current ratio of 2.55.

Sensata Technologies (NYSE:ST) last posted its earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.05). The firm had revenue of $992.50 million during the quarter, compared to the consensus estimate of $978.05 million. Sensata Technologies had a positive return on equity of 17.47% and a negative net margin of 0.10%. Sensata Technologies’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter last year, the company posted $0.96 EPS. On average, sell-side analysts forecast that Sensata Technologies Holding plc will post 3.72 EPS for the current year.

Sensata Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.37%. The ex-dividend date is Tuesday, May 7th. Sensata Technologies’s payout ratio is currently -959.81%.

Sensata Technologies Company 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.