Sensata Technologies Holding plc (NYSE:ST) Sees Significant Drop in Short Interest
Sensata Technologies Holding plc (NYSE:ST – Get Free Report) was the recipient of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 5,420,000 shares, a decline of 17.9% from the October 31st total of 6,600,000 shares. Based on an average daily volume of 2,160,000 shares, the days-to-cover ratio is currently 2.5 days. Currently, 3.6% of the company’s shares are short sold.
Analyst Ratings Changes
A number of equities analysts recently commented on the company. Robert W. Baird decreased their target price on Sensata Technologies from $49.00 to $44.00 in a report on Thursday, September 28th. TheStreet downgraded Sensata Technologies from a “b-” rating to a “c+” rating in a report on Thursday, August 17th. Truist Financial decreased their target price on Sensata Technologies from $43.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday, November 1st. StockNews.com assumed coverage on Sensata Technologies in a report on Thursday, October 5th. They set a “hold” rating for the company. Finally, Stifel Nicolaus decreased their target price on Sensata Technologies from $44.00 to $40.00 and set a “hold” rating for the company in a report on Wednesday, November 1st. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $47.40.
View Our Latest Stock Report on ST
Sensata Technologies Stock Performance
Shares of Sensata Technologies stock traded up $0.67 during trading on Friday, hitting $33.18. 1,684,724 shares of the company’s stock traded hands, compared to its average volume of 2,274,627. Sensata Technologies has a 1 year low of $30.56 and a 1 year high of $54.34. The business has a 50-day simple moving average of $34.38 and a 200-day simple moving average of $39.06. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.86 and a quick ratio of 2.07. The stock has a market capitalization of $5.02 billion, a P/E ratio of 16.34, a PEG ratio of 0.81 and a beta of 1.29.
Sensata Technologies (NYSE:ST – Get Free Report) last issued its earnings results on Tuesday, October 31st. The scientific and technical instruments company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.01. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1 billion. Sensata Technologies had a net margin of 7.64% and a return on equity of 18.04%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the company posted $0.85 earnings per share. As a group, analysts forecast that Sensata Technologies will post 3.65 EPS for the current year.
Sensata Technologies Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.45%. The ex-dividend date was Tuesday, November 7th. Sensata Technologies’s payout ratio is currently 23.65%.
Institutional Investors Weigh In On Sensata Technologies
Several hedge funds and other institutional investors have recently made changes to their positions in ST. Artisan Partners Limited Partnership increased its holdings in Sensata Technologies by 1.6% in the 2nd quarter. Artisan Partners Limited Partnership now owns 16,732,164 shares of the scientific and technical instruments company’s stock worth $752,780,000 after acquiring an additional 262,532 shares in the last quarter. Vanguard Group Inc. increased its holdings in Sensata Technologies by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 14,299,681 shares of the scientific and technical instruments company’s stock worth $533,093,000 after acquiring an additional 56,641 shares in the last quarter. Select Equity Group L.P. increased its holdings in Sensata Technologies by 88.2% in the 4th quarter. Select Equity Group L.P. now owns 9,852,952 shares of the scientific and technical instruments company’s stock worth $397,862,000 after acquiring an additional 4,616,942 shares in the last quarter. BlackRock Inc. increased its holdings in Sensata Technologies by 0.3% in the 2nd quarter. BlackRock Inc. now owns 9,596,735 shares of the scientific and technical instruments company’s stock worth $431,757,000 after acquiring an additional 30,787 shares in the last quarter. Finally, FMR LLC boosted its stake in Sensata Technologies by 13.9% in the 1st quarter. FMR LLC now owns 5,456,954 shares of the scientific and technical instruments company’s stock worth $272,957,000 after purchasing an additional 664,456 shares during the period. Hedge funds and other institutional investors own 96.46% of the company’s stock.
About Sensata Technologies (Get 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.
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