Sensata Technologies Holding plc (NYSE:ST) Shares Bought by Citigroup Inc.

Posted by Defense World Staff on Sep 5th, 2023

Citigroup Inc. boosted its position in shares of Sensata Technologies Holding plc (NYSE:ST – Free Report) by 3.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,083 shares of the scientific and technical instruments company’s stock after buying an additional 1,881 shares during the period. Citigroup Inc.’s holdings in Sensata Technologies were worth $3,255,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. abrdn plc increased its position in Sensata Technologies by 6.8% during the fourth quarter. abrdn plc now owns 14,775 shares of the scientific and technical instruments company’s stock worth $597,000 after buying an additional 939 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Sensata Technologies in the first quarter valued at approximately $584,000. Thrivent Financial for Lutherans increased its holdings in shares of Sensata Technologies by 28.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 44,387 shares of the scientific and technical instruments company’s stock valued at $1,792,000 after purchasing an additional 9,820 shares during the period. Arizona State Retirement System increased its holdings in shares of Sensata Technologies by 1.2% in the first quarter. Arizona State Retirement System now owns 44,470 shares of the scientific and technical instruments company’s stock valued at $2,224,000 after purchasing an additional 525 shares during the period. Finally, AGF Management Ltd. acquired a new position in shares of Sensata Technologies in the first quarter valued at approximately $452,000. Institutional investors and hedge funds own 96.46% of the company’s stock.

Sensata Technologies Stock Up 1.0 %

Sensata Technologies stock opened at $38.00 on Tuesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.81 and a quick ratio of 2.06. Sensata Technologies Holding plc has a 1-year low of $36.64 and a 1-year high of $54.34. The company has a market cap of $5.79 billion, a PE ratio of 15.02, a price-to-earnings-growth ratio of 0.91 and a beta of 1.31. The stock’s 50 day moving average price is $41.82 and its 200 day moving average price is $44.29.

Sensata Technologies (NYSE:ST – Get Free Report) last posted its earnings results on Tuesday, July 25th. The scientific and technical instruments company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.02. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. Sensata Technologies had a return on equity of 18.03% and a net margin of 9.50%. Sensata Technologies’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.83 earnings per share. On average, sell-side analysts predict that Sensata Technologies Holding plc will post 3.76 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, August 8th. This represents a $0.48 dividend on an annualized basis and a yield of 1.26%. Sensata Technologies’s payout ratio is 18.97%.

Analyst Upgrades and Downgrades

ST has been the topic of a number of recent research reports. Truist Financial dropped their target price on Sensata Technologies from $52.00 to $48.00 and set a “hold” rating on the stock in a report on Wednesday, July 26th. StockNews.com initiated coverage on Sensata Technologies in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Finally, TheStreet lowered Sensata Technologies from a “b-” rating to a “c+” rating in a report on Thursday, August 17th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $53.13.

Read Our Latest Stock Report on ST

Sensata Technologies Profile

(Free Report)

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. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment develops and manufactures sensors, high-voltage solutions, and other solutions used in mission-critical systems and applications, such as tire pressure monitoring, thermal management, electrical protection, regenerative braking, powertrain (engine/transmission), exhaust management, and operator controls for automobiles, on-road trucks, and off-road equipment customers.

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Institutional Ownership by Quarter for Sensata Technologies (NYSE:ST)

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