Amalgamated Bank Sells 3,824 Shares of Sensata Technologies Holding plc (NYSE:ST)

Amalgamated Bank decreased its holdings in shares of Sensata Technologies Holding plc (NYSE:ST) by 3.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 94,041 shares of the scientific and technical instruments company’s stock after selling 3,824 shares during the period. Amalgamated Bank owned approximately 0.06% of Sensata Technologies worth $3,533,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Natixis Advisors L.P. raised its holdings in shares of Sensata Technologies by 39.0% in the 4th quarter. Natixis Advisors L.P. now owns 235,010 shares of the scientific and technical instruments company’s stock worth $8,829,000 after acquiring an additional 65,911 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC raised its stake in shares of Sensata Technologies by 27.0% in the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 8,000 shares of the scientific and technical instruments company’s stock worth $301,000 after purchasing an additional 1,700 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Sensata Technologies by 1.8% in the fourth quarter. Victory Capital Management Inc. now owns 1,109,176 shares of the scientific and technical instruments company’s stock valued at $41,672,000 after purchasing an additional 19,214 shares in the last quarter. Arnhold LLC purchased a new position in shares of Sensata Technologies during the fourth quarter valued at approximately $9,865,000. Finally, Russell Investments Group Ltd. grew its holdings in Sensata Technologies by 13.2% during the fourth quarter. Russell Investments Group Ltd. now owns 76,492 shares of the scientific and technical instruments company’s stock worth $2,874,000 after buying an additional 8,919 shares in the last quarter. 99.42% of the stock is owned by institutional investors.

Sensata Technologies Stock Performance

Shares of ST stock opened at $42.64 on Friday. Sensata Technologies Holding plc has a 12 month low of $30.56 and a 12 month high of $47.41. The stock has a market capitalization of $6.42 billion, a P/E ratio of -387.64, a PEG ratio of 0.97 and a beta of 1.32. The company has a current ratio of 2.64, a quick ratio of 1.74 and a debt-to-equity ratio of 1.14. The firm’s 50 day moving average is $36.12 and its 200 day moving average is $34.90.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings results on Monday, April 29th. The scientific and technical instruments company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.03. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $986.51 million. Sensata Technologies had a positive return on equity of 17.58% and a negative net margin of 0.35%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the company earned $0.92 earnings per share. On average, sell-side analysts anticipate that Sensata Technologies Holding plc will post 3.75 earnings per share for the current year.

Sensata Technologies Dividend Announcement

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 $0.12 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.13%. Sensata Technologies’s dividend payout ratio is currently -436.36%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ST shares. Oppenheimer upgraded Sensata Technologies from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research note on Tuesday, January 30th. Stifel Nicolaus increased their price objective on shares of Sensata Technologies from $36.00 to $43.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Evercore ISI upgraded Sensata Technologies from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $44.00 to $60.00 in a research note on Monday. Robert W. Baird increased their price target on Sensata Technologies from $37.00 to $47.00 and gave the company a “neutral” rating in a research report on Tuesday, April 30th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $36.00 price objective (down previously from $44.00) on shares of Sensata Technologies in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $43.78.

Insider Buying and Selling at Sensata Technologies

In related news, Director Ali John Mirshekari purchased 73,137 shares of the business’s stock in a transaction on Thursday, May 2nd. The stock was acquired at an average price of $39.17 per share, with a total value of $2,864,776.29. Following the purchase, the director now directly owns 73,137 shares in the company, valued at $2,864,776.29. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.

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.