Moors & Cabot Inc. Purchases 4,500 Shares of Sensata Technologies Holding plc (NYSE:ST)

Moors & Cabot Inc. increased its position in Sensata Technologies Holding plc (NYSE:ST) by 30.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,479 shares of the scientific and technical instruments company’s stock after purchasing an additional 4,500 shares during the quarter. Moors & Cabot Inc.’s holdings in Sensata Technologies were worth $699,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ST. GAMMA Investing LLC grew its stake in shares of Sensata Technologies by 399.0% in the 2nd quarter. GAMMA Investing LLC now owns 968 shares of the scientific and technical instruments company’s stock valued at $36,000 after purchasing an additional 774 shares during the period. Versant Capital Management Inc bought a new stake in Sensata Technologies in the second quarter valued at $37,000. Quarry LP raised its stake in Sensata Technologies by 227.1% during the second quarter. Quarry LP now owns 1,063 shares of the scientific and technical instruments company’s stock worth $40,000 after acquiring an additional 738 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Sensata Technologies by 19.0% during the third quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company’s stock valued at $93,000 after acquiring an additional 416 shares during the period. Finally, First Horizon Advisors Inc. boosted its stake in shares of Sensata Technologies by 57.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,529 shares of the scientific and technical instruments company’s stock valued at $95,000 after purchasing an additional 927 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ST shares. Wolfe Research began coverage on shares of Sensata Technologies in a report on Thursday, September 5th. They set a “peer perform” rating for the company. TD Cowen cut their target price on shares of Sensata Technologies from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Stifel Nicolaus decreased their price target on Sensata Technologies from $43.00 to $38.00 and set a “hold” rating on the stock in a research report on Tuesday, November 5th. Oppenheimer dropped their price target on Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Finally, Robert W. Baird reduced their price objective on Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. One investment 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 data from MarketBeat.com, Sensata Technologies has an average rating of “Hold” and an average target price of $41.00.

Sensata Technologies Price Performance

Shares of ST stock opened at $31.89 on Friday. The firm has a market cap of $4.77 billion, a price-to-earnings ratio of -59.05, a PEG ratio of 0.90 and a beta of 1.25. Sensata Technologies Holding plc has a 12 month low of $30.43 and a 12 month high of $43.14. 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 stock has a 50-day moving average price of $34.54 and a 200 day moving average price of $37.32.

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

Sensata Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.51%. Sensata Technologies’s dividend payout ratio (DPR) is presently -88.89%.

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.