Crossmark Global Holdings Inc. Increases Stake in Sensata Technologies

Crossmark Global Holdings Inc. has significantly increased its stake in Sensata Technologies Holding plc (NYSE:ST - Free Report) by 107.0% during the fourth quarter of the year, based on the latest report submitted to the SEC. After acquiring an additional 8,974 shares, the institutional investor now owns a total of 17,363 shares of the company, which specializes in scientific and technical instruments. At the end of the recent quarter, the value of Crossmark's holdings in Sensata Technologies was approximately $476,000.

Investment Insights on Sensata Technologies:

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Several other hedge funds have also adjusted their positions in Sensata Technologies. For instance, Janus Henderson Group PLC raised its holdings by 0.5% in the third quarter, bringing their total to 9,722,999 shares, now valued at $348,666,000 after an increase of 45,513 shares. State Street Corp also increased its stake by 0.4%, owning 5,470,903 shares valued at $196,187,000 following a purchase of 23,946 shares. Similarly, FMR LLC boosted its holdings by 18.9%, now owning 3,895,776 shares worth $139,703,000 after acquiring 618,202 shares.

Moreover, Massachusetts Financial Services Co. MA elevated its stake by 0.4%, with a total of 2,721,353 shares valued at $97,588,000 after purchasing 11,798 shares in the last quarter. Geode Capital Management LLC increased its position by 1.0%, resulting in ownership of 2,520,062 shares worth $90,393,000 after buying 24,707 additional shares. It is noteworthy that institutional investors and hedge funds collectively own 99.42% of Sensata Technologies' stock.

Stock Performance Overview

On Monday, Sensata Technologies' stock (ST) opened at $28.65. The company has a market capitalization of $4.29 billion and a price-to-earnings ratio of -53.06. Its PEG ratio stands at 0.87, with a beta of 1.24. The fifty-day simple moving average of the stock is $29.39, while the two-hundred-day moving average is $33.82. Over the past year, the stock has fluctuated between a low of $26.65 and a high of $43.14. Sensata has a debt-to-equity ratio of 1.08, a current ratio of 2.60, and a quick ratio of 1.76.

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Sensata Technologies last reported its quarterly earnings on November 4th. For this quarter, the company achieved $0.86 earnings per share (EPS), aligning with analysts' expectations. The company reported a positive return on equity of 17.68% but had a negative net margin of 1.98%. Its revenue stood at $982.80 million for the quarter, slightly below analysts' forecasts of $983.93 million. Compared to the same quarter of the previous year, revenue decreased by 1.8%. Analysts project that Sensata Technologies Holding plc will report an EPS of 3.44 for the current year.

Dividend Announcement

Additionally, Sensata Technologies recently announced a quarterly dividend, which is scheduled for payment on Wednesday, February 26th. Shareholders who are on record as of Wednesday, February 12th, will receive a dividend of $0.12. The ex-dividend date is also set for February 12th. This dividend translates to an annualized rate of $0.48, providing a yield of 1.68%. Currently, the company's dividend payout ratio (DPR) is -88.89%.

Analysts Adjust Price Targets

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Recent comments from analysts regarding Sensata Technologies have led to modifications in price targets. TD Cowen has reduced their price target from $50.00 to $45.00, maintaining a "buy" rating. Evercore ISI has adjusted its target from $43.00 to $40.00, assigning an "outperform" rating. Stifel Nicolaus has also cut its price target from $43.00 to $38.00 and positioned the stock as a "hold" in a recent report. Similarly, Truist Financial lowered its price objective from $38.00 to $33.00, categorizing the stock as a "hold." Lastly, The Goldman Sachs Group adjusted its target from $36.00 to $32.00 with a neutral rating. Presently, one analyst has issued a sell rating, seven have given holds, and five have issued buy ratings, resulting in an average rating of "Hold" with a consensus price target of $39.58.

Company Overview

Sensata Technologies Company Profile

Sensata Technologies Holding plc is engaged in the development, manufacturing, and sale of sensors and sensor-rich solutions, as well as electrical protection components and systems utilized in various critical applications both domestically and internationally. The company operates through two main segments: Performance Sensing and Sensing Solutions.

Additional Information

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For those interested in tracking hedge fund activity, a comprehensive overview of insider trades and 13F filings for Sensata Technologies Holding plc can provide valuable insights.

This article was generated using narrative science technology to deliver timely and precise reporting. It has been reviewed by editorial staff to ensure accuracy before publication. Questions and feedback can be directed to the editorial team.

Investment Consideration

Before deciding to invest in Sensata Technologies, it may be beneficial to research current market sentiments and positions. While the company currently maintains a "Hold" rating among analysts, there are other investment opportunities that top analysts believe have more potential.

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