Harbor Capital Advisors Inc. Sells 78,197 Shares of Sensata Technologies Holding plc (NYSE:ST)

Harbor Capital Advisors Inc. cut its position in shares of Sensata Technologies Holding plc (NYSE:ST) by 17.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 378,758 shares of the scientific and technical instruments company’s stock after selling 78,197 shares during the period. Harbor Capital Advisors Inc. owned about 0.25% of Sensata Technologies worth $10,378,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in ST. Quarry LP raised its position in shares of Sensata Technologies by 227.1% in the 2nd 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 position 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 buying an additional 416 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Sensata Technologies in the 2nd quarter valued at about $142,000. Capstone Investment Advisors LLC purchased a new position in shares of Sensata Technologies in the 3rd quarter worth approximately $237,000. Finally, Captrust Financial Advisors raised its stake in shares of Sensata Technologies by 21.5% during the 3rd quarter. Captrust Financial Advisors now owns 7,146 shares of the scientific and technical instruments company’s stock worth $256,000 after acquiring an additional 1,264 shares in the last quarter. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on ST. Robert W. Baird cut their price target on shares of Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Stifel Nicolaus decreased their price target on Sensata Technologies from $43.00 to $38.00 and set a “hold” rating for the company in a research note on Tuesday, November 5th. Oppenheimer dropped their price target on Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Evercore ISI decreased their price objective on shares of Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating for the company in a research report on Tuesday, October 15th. Finally, TD Cowen cut their price target on shares of Sensata Technologies from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $41.00.

Sensata Technologies Stock Performance

Shares of ST stock traded down $0.62 on Friday, hitting $27.11. The company had a trading volume of 366,841 shares, compared to its average volume of 1,090,796. Sensata Technologies Holding plc has a twelve month low of $26.65 and a twelve 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 firm has a market cap of $4.05 billion, a P/E ratio of -50.20, a price-to-earnings-growth ratio of 0.89 and a beta of 1.24. The company has a 50-day moving average price of $30.41 and a 200-day moving average price of $34.57.

Sensata Technologies (NYSE:ST) last released its quarterly earnings data on Monday, November 4th. The scientific and technical instruments company reported $0.86 EPS for the quarter, hitting the consensus estimate of $0.86. The business had revenue of $982.80 million for the quarter, compared to analyst estimates of $983.93 million. Sensata Technologies had a positive return on equity of 17.68% and a negative net margin of 1.98%. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.91 EPS. As a group, equities research analysts predict that Sensata Technologies Holding plc will post 3.43 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend was Wednesday, November 13th. Sensata Technologies’s dividend payout ratio (DPR) is presently -88.89%.

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.