Olstein Capital Management L.P. Has $13.30 Million Holdings in Sensata Technologies Holding plc (NYSE:ST)

Olstein Capital Management L.P. boosted its position in shares of Sensata Technologies Holding plc (NYSE:ST) by 8.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 371,000 shares of the scientific and technical instruments company’s stock after buying an additional 29,000 shares during the quarter. Sensata Technologies accounts for approximately 2.3% of Olstein Capital Management L.P.’s investment portfolio, making the stock its 2nd largest position. Olstein Capital Management L.P.’s holdings in Sensata Technologies were worth $13,304,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Fifth Third Bancorp boosted its stake in Sensata Technologies by 0.9% during the second quarter. Fifth Third Bancorp now owns 29,509 shares of the scientific and technical instruments company’s stock valued at $1,103,000 after buying an additional 275 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Sensata Technologies by 1.3% in the 2nd quarter. Arizona State Retirement System now owns 42,125 shares of the scientific and technical instruments company’s stock valued at $1,575,000 after purchasing an additional 529 shares during the period. Ariel Investments LLC boosted its position in shares of Sensata Technologies by 7.0% in the 1st quarter. Ariel Investments LLC now owns 8,268 shares of the scientific and technical instruments company’s stock valued at $304,000 after purchasing an additional 539 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of Sensata Technologies by 1.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 46,114 shares of the scientific and technical instruments company’s stock valued at $1,654,000 after purchasing an additional 602 shares during the period. Finally, NorthCrest Asset Manangement LLC boosted its position in shares of Sensata Technologies by 5.9% in the 2nd quarter. NorthCrest Asset Manangement LLC now owns 12,966 shares of the scientific and technical instruments company’s stock valued at $485,000 after purchasing an additional 720 shares during the period. Institutional investors own 99.42% of the company’s stock.

Sensata Technologies Stock Up 2.3 %

Shares of ST traded up $0.77 during midday trading on Thursday, reaching $34.23. 54,288 shares of the stock were exchanged, compared to its average volume of 1,857,870. Sensata Technologies Holding plc has a 12-month low of $30.56 and a 12-month high of $43.14. The firm has a 50 day simple moving average of $35.44 and a 200-day simple moving average of $37.65. The company has a quick ratio of 1.31, a current ratio of 1.77 and a debt-to-equity ratio of 1.06. The company has a market cap of $5.17 billion, a price-to-earnings ratio of -61.96, a P/E/G ratio of 1.33 and a beta of 1.25.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings data on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.86. Sensata Technologies had a positive return on equity of 17.63% and a negative net margin of 1.98%. The business had revenue of $982.80 million for the quarter, compared to the consensus estimate of $983.93 million. During the same period last year, the business earned $0.91 EPS. The firm’s revenue was down 1.8% compared to the same quarter last year. Research analysts forecast that Sensata Technologies Holding plc will post 3.55 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 $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Wednesday, November 13th. Sensata Technologies’s payout ratio is -88.89%.

Wall Street Analysts Forecast Growth

ST has been the subject of a number of recent analyst reports. 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 report on Tuesday. Oppenheimer reduced their price objective on Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday. Robert W. Baird reduced their price objective on Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday. The Goldman Sachs Group reduced their price objective on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating for the company in a research note on Tuesday, October 1st. Finally, Vertical Research began coverage on Sensata Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $55.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $41.00.

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.