Sensata Technologies Holding plc (NYSE:ST) Director Acquires $2,864,776.29 in Stock

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

Sensata Technologies Stock Performance

NYSE:ST opened at $42.54 on Thursday. The company has a market cap of $6.40 billion, a price-to-earnings ratio of -386.73, a PEG ratio of 0.97 and a beta of 1.32. Sensata Technologies Holding plc has a 1 year low of $30.56 and a 1 year high of $47.41. The stock’s 50 day simple moving average is $35.95 and its two-hundred day simple moving average is $34.85. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.64 and a quick ratio of 1.74.

Sensata Technologies (NYSE:ST) last released its quarterly earnings results on Monday, April 29th. The scientific and technical instruments company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $986.51 million. During the same quarter in the prior year, the firm earned $0.92 earnings per share. Sensata Technologies’s revenue was up .9% on a year-over-year basis. As a group, equities analysts anticipate that Sensata Technologies Holding plc will post 3.75 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Tuesday, May 7th. This represents a $0.48 annualized dividend and a yield of 1.13%. Sensata Technologies’s payout ratio is currently -436.36%.

Wall Street Analysts Forecast Growth

ST has been the topic of a number of analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $36.00 price objective (down from $44.00) on shares of Sensata Technologies in a research report on Tuesday, April 9th. Evercore ISI upgraded shares of Sensata Technologies from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $44.00 to $60.00 in a research report on Monday. Oppenheimer raised shares of Sensata Technologies from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a report on Tuesday, January 30th. Robert W. Baird raised their price target on Sensata Technologies from $37.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, April 30th. Finally, Jefferies Financial Group assumed coverage on Sensata Technologies in a research note on Tuesday, April 9th. They issued a “hold” rating and a $40.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $43.78.

Institutional Investors Weigh In On Sensata Technologies

Several institutional investors have recently modified their holdings of the stock. Cary Street Partners Investment Advisory LLC lifted its position in Sensata Technologies by 1,389.8% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 730 shares of the scientific and technical instruments company’s stock worth $28,000 after buying an additional 681 shares during the last quarter. Principal Securities Inc. purchased a new stake in shares of Sensata Technologies in the fourth quarter valued at $29,000. Parkside Financial Bank & Trust lifted its holdings in shares of Sensata Technologies by 761.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 887 shares of the scientific and technical instruments company’s stock worth $33,000 after acquiring an additional 784 shares during the last quarter. Covestor Ltd boosted its stake in shares of Sensata Technologies by 71.6% during the 3rd quarter. Covestor Ltd now owns 1,249 shares of the scientific and technical instruments company’s stock worth $47,000 after purchasing an additional 521 shares during the period. Finally, TFO Wealth Partners LLC grew its holdings in Sensata Technologies by 17,818.8% during the 4th quarter. TFO Wealth Partners LLC now owns 2,867 shares of the scientific and technical instruments company’s stock valued at $108,000 after purchasing an additional 2,851 shares during 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.