Sensata Technologies Holding plc (ST): Insights At A Glance

Artisan Partners LP has recently announced that it has increased stake in Sensata Technologies Holding plc (NYSE:ST) by 1.59%. After grabbing 16.73 million shares, the institutional investor is now in possession of 0.26 million shares of the Technology Company. The new investment brought the stake of investor firm to 10.94% having worth around $706.93 million. Moreover, Janus Henderson Investors US LLC increased its share by 85958.0 to have a control over 9.55 million shares. And BlackRock Fund Advisors raised its holdings to 6750.0 shares by acquiring 5.99 million shares or 3.92% of the stake.

Sensata Technologies Holding plc (ST) concluded trading on 09/14/23 at a closing price of $37.35, with 2.48 million shares of worth about $92.68 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -19.52% during that period and on Thursday the price saw a gain of about 0.30%. Currently the company’s common shares owned by public are about 152.70M shares, out of which, 151.34M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 16 analysts are covering the ST stock and their offered price forecasts bring an average price target of $53.08. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $72.00 and could fall to a lowest price of $48.00. The stock’s current price level is 27.28% above of average price target set by the analysts, while a rise to estimated low would result in gain of 22.19% for the stock. However, touching the estimated high of $72.00 would mean a gain of 48.12% for the stock.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 56 times over the past 12 months. They bought 623,462 shares in 32 of the transactions. In 24 selling transactions, insiders dumped 448,653 shares.

Artisan International Value Fund, Janus Henderson Enterprise Fund, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in Sensata Technologies Holding plc Artisan International Value Fund is currently holding 8.93 million shares of worth totaling $377.17 million. The company recently came buying 0.26 million shares which brought its stake up to 5.84% of the company’s outstanding shares. Janus Henderson Enterprise Fund sold 29985.0 shares, after which its hold over company’s outstanding shares shrunk to 4.58%, leaving 7.0 million shares with the mutual fund that have a worth of about $295.78 million. Vanguard Total Stock Market ETF, after selling 4.75 million shares, have now control over 3.10% of the stake in the company. It holds 5063.0 shares of worth $200.53 million.

Sensata Technologies Holding plc (NYSE: ST) started trading at $37.63, above $0.39 from concluding price of the previous day. However, the stock later moved at a day high price of 37.80, or with a gain of 0.30%. Stock saw a price change of 1.38% in past 5 days and over the past one month there was a price change of -5.35%. Year-to-date (YTD), ST shares are showing a performance of -7.50% which decreased to -9.70% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $36.64 but also hit the highest price of $54.34 during that period. The average intraday trading volume for Sensata Technologies Holding plc shares is 1.26 million. The stock is currently trading -0.65% below its 20-day simple moving average (SMA20), while that difference is down -8.82% for SMA50 and it goes to -15.82% lower than SMA200.

Artisan Partners LP acquired 16.73 million shares of Sensata Technologies Holding plc having value of about $706.93 million. Data submitted at the U.S SEC by Artisan Partners LP revealed that the firm now holds 0.26 million shares in the company valued at close to $9805570.2, or have control over 1.59% stake in the company. Sensata Technologies Holding plc (NYSE: ST) currently have 152.70M outstanding shares and institutions hold larger chunk of about 101.38% of that. Holding of mutual funds in the company is about 43.10% while other institutional holders and individual stake holders have control over 56.45% and 1.33% of the stake respectively.

The stock has a current market capitalization of $5.65B and its 3Y-monthly beta is at 1.31. PE ratio of stock for trailing 12 months is 14.77, while it has posted earnings per share of $2.53 in the same period. Its PEG reads 1.48 and has Quick Ratio of 2.10 while making debt-to-equity ratio of 1.18. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ST, volatility over the week remained 1.89% while standing at 1.86% over the month.

Analysts are in expectations that Sensata Technologies Holding plc (ST) stock would likely to be making an EPS of $0.9 in the current quarter, while forecast for next quarter EPS is $0.95 and it is $4.18 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.88 which is $0.93 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.85 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -12.70% while it is estimated to increase by 11.68% in next year. EPS is likely to grow at an annualized rate of 10.00% for next 5-years, compared to annual growth of 0.50% made by the stock over the past 5-years.

Analysts at 16 brokerage firms have issued recommendations for the Sensata Technologies Holding plc (ST)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.50. Out of those 16 Wall Street analysts, 6 recommended a “Buy” rating, while 9 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Stifel on February 15, 2023 offering a Hold rating for the stock and assigned a target price of $55 to it.