Sensata Technologies Holding plc (NYSE:ST) Short Interest Update

Sensata Technologies Holding plc (NYSE:ST) was the target of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 2,740,000 shares, a decrease of 20.1% from the October 15th total of 3,430,000 shares. Based on an average daily volume of 1,180,000 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.9% of the company’s stock are short sold.

Sensata Technologies Stock Performance

NYSE:ST opened at $32.62 on Friday. The firm has a market cap of $4.88 billion, a price-to-earnings ratio of -61.28, a price-to-earnings-growth ratio of 0.96 and a beta of 1.25. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.60 and a quick ratio of 1.76. Sensata Technologies has a 1-year low of $31.18 and a 1-year high of $43.14. The firm’s fifty day moving average price is $34.97 and its 200 day moving average price is $37.60.

Sensata Technologies (NYSE:ST) last announced 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. The company had revenue of $982.80 million for the quarter, compared to analyst estimates of $983.93 million. Sensata Technologies had a positive return on equity of 17.68% and a negative net margin of 1.98%. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.91 EPS. On average, sell-side analysts expect that Sensata Technologies will post 3.43 EPS for the current year.

Sensata Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $0.48 dividend on an annualized basis and a yield of 1.47%. Sensata Technologies’s dividend payout ratio (DPR) is presently -88.89%.

Analyst Upgrades and Downgrades

ST has been the topic of several recent research reports. Truist Financial cut their price target on Sensata Technologies from $38.00 to $33.00 and set a “hold” rating on the stock in a report on Tuesday, November 5th. Stifel Nicolaus decreased their price target on shares of Sensata Technologies from $43.00 to $38.00 and set a “hold” rating for the company in a research note on Tuesday, November 5th. The Goldman Sachs Group dropped their price objective on shares of Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 1st. TD Cowen decreased their price objective on shares of Sensata Technologies from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Finally, Wolfe Research started coverage on Sensata Technologies in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $41.00.

Institutional Investors Weigh In On Sensata Technologies

Institutional investors have recently modified their holdings of the company. Millennium Management LLC boosted its position in shares of Sensata Technologies by 84.8% in the 2nd quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company’s stock worth $189,158,000 after buying an additional 2,321,782 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Sensata Technologies by 16.5% during the second quarter. Dimensional Fund Advisors LP now owns 4,643,665 shares of the scientific and technical instruments company’s stock worth $173,627,000 after acquiring an additional 658,728 shares during the last quarter. FMR LLC raised its position in Sensata Technologies by 18.9% during the third quarter. FMR LLC now owns 3,895,776 shares of the scientific and technical instruments company’s stock worth $139,703,000 after acquiring an additional 618,202 shares during the last quarter. Eminence Capital LP lifted its holdings in shares of Sensata Technologies by 31.8% in the second quarter. Eminence Capital LP now owns 3,423,317 shares of the scientific and technical instruments company’s stock valued at $127,998,000 after purchasing an additional 826,353 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Sensata Technologies by 0.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,721,353 shares of the scientific and technical instruments company’s stock valued at $97,588,000 after purchasing an additional 11,798 shares during the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

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.