Mackenzie Financial Corp Purchases 265,064 Shares of Sensata Technologies Holding plc (NYSE:ST)

Mackenzie Financial Corp increased its stake in shares of Sensata Technologies Holding plc (NYSE:ST) by 21.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,478,641 shares of the scientific and technical instruments company’s stock after purchasing an additional 265,064 shares during the quarter. Mackenzie Financial Corp owned 0.98% of Sensata Technologies worth $55,553,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ST. Cary Street Partners Investment Advisory LLC raised its holdings in Sensata Technologies by 1,389.8% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 730 shares of the scientific and technical instruments company’s stock valued at $28,000 after buying an additional 681 shares during the period. Covestor Ltd grew its position in Sensata Technologies by 71.6% in the 3rd quarter. Covestor Ltd now owns 1,249 shares of the scientific and technical instruments company’s stock valued at $47,000 after acquiring an additional 521 shares during the last quarter. Compass Wealth Management LLC bought a new position in Sensata Technologies in the 4th quarter valued at $61,000. Meeder Asset Management Inc. grew 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 valued at $63,000 after acquiring an additional 533 shares during the last quarter. Finally, SRS Capital Advisors Inc. grew its position in Sensata Technologies by 26.7% in the 2nd quarter. SRS Capital Advisors Inc. now owns 2,232 shares of the scientific and technical instruments company’s stock valued at $100,000 after acquiring an additional 470 shares during the last quarter. Institutional investors own 99.42% of the company’s stock.

Sensata Technologies Stock Down 0.9 %

Shares of ST stock opened at $33.66 on Wednesday. The stock has a 50 day moving average of $34.91 and a 200 day moving average of $34.86. The company has a current ratio of 2.55, a quick ratio of 1.69 and a debt-to-equity ratio of 1.13. Sensata Technologies Holding plc has a twelve month low of $30.56 and a twelve month high of $48.17.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.05). The company had revenue of $992.50 million for the quarter, compared to analysts’ expectations of $978.05 million. Sensata Technologies had a negative net margin of 0.10% and a positive return on equity of 17.47%. The firm’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.96 earnings per share. On average, equities research analysts expect that Sensata Technologies Holding plc will post 3.74 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Tuesday, February 13th. Sensata Technologies’s payout ratio is currently -959.81%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ST. Bank of America downgraded Sensata Technologies from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $46.00 to $38.00 in a research report on Wednesday, February 7th. Oppenheimer raised Sensata Technologies from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a research report on Tuesday, January 30th. Truist Financial dropped their price objective on Sensata Technologies from $39.00 to $36.00 and set a “hold” rating on the stock in a research report on Wednesday, February 7th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $36.00 price objective (down previously from $44.00) on shares of Sensata Technologies in a research report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. downgraded Sensata Technologies from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $37.00 to $34.00 in a research report on Monday, January 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Sensata Technologies currently has a consensus rating of “Hold” and an average target price of $39.25.

About Sensata Technologies

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.