Sensata Technologies Holding plc (NYSE:ST) Shares Sold by First Republic Investment Management Inc.

Posted by on Oct 23rd, 2023

First Republic Investment Management Inc. reduced its position in Sensata Technologies Holding plc (NYSE:ST – Free Report) by 42.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,500 shares of the scientific and technical instruments company’s stock after selling 12,946 shares during the period. First Republic Investment Management Inc.’s holdings in Sensata Technologies were worth $787,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ST. International Assets Investment Management LLC acquired a new stake in shares of Sensata Technologies during the first quarter worth $42,000. Achmea Investment Management B.V. acquired a new position in Sensata Technologies during the second quarter valued at $44,000. Bessemer Group Inc. acquired a new position in Sensata Technologies during the first quarter valued at $56,000. Compass Wealth Management LLC acquired a new position in Sensata Technologies in the 4th quarter worth about $61,000. Finally, Meeder Asset Management Inc. increased its position in Sensata Technologies by 51.8% in the 4th quarter. Meeder Asset Management Inc. now owns 1,561 shares of the scientific and technical instruments company’s stock worth $63,000 after purchasing an additional 533 shares during the last quarter. 96.46% of the stock is owned by institutional investors and hedge funds.

Sensata Technologies Trading Down 0.5 %

Sensata Technologies stock opened at $35.56 on Monday. The business has a 50 day moving average price of $37.48 and a two-hundred day moving average price of $41.48. The company has a quick ratio of 2.06, a current ratio of 2.81 and a debt-to-equity ratio of 1.18. The stock has a market cap of $5.42 billion, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 0.86 and a beta of 1.28. Sensata Technologies Holding plc has a 12 month low of $35.40 and a 12 month high of $54.34.

Sensata Technologies (NYSE:ST – Get Free Report) last issued its earnings results on Tuesday, July 25th. The scientific and technical instruments company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.02. Sensata Technologies had a return on equity of 18.03% and a net margin of 9.50%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the firm posted $0.83 EPS. Sensata Technologies’s quarterly revenue was up 4.1% compared to the same quarter last year. As a group, equities analysts forecast that Sensata Technologies Holding plc will post 3.73 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ST shares. Robert W. Baird dropped their target price on Sensata Technologies from $49.00 to $44.00 in a research report on Thursday, September 28th. Stifel Nicolaus decreased their price target on Sensata Technologies from $48.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, September 28th. Truist Financial decreased their target price on Sensata Technologies from $48.00 to $43.00 and set a “hold” rating for the company in a research note on Thursday, October 5th. TheStreet downgraded Sensata Technologies from a “b-” rating to a “c+” rating in a research note on Thursday, August 17th. Finally, StockNews.com began coverage on Sensata Technologies in a research note on Thursday, October 5th. They set a “hold” rating for the company. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $50.29.

Check Out Our Latest Analysis on Sensata Technologies

Sensata Technologies Company 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.

Read More

Want to see what other hedge funds are holding ST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sensata Technologies Holding plc (NYSE:ST – Free Report).

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

Receive News & Ratings for Sensata Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sensata Technologies and related companies with MarketBeat.com's FREE daily email newsletter.