Investors Buy High Volume of Call Options on Sensata Technologies (NYSE:ST)

Sensata Technologies Holding plc (NYSE:ST - Get Free Report) saw unusually large options trading activity on Thursday. Stock traders bought 7,422 call options on the company. This is an increase of 639% compared to the average daily volume of 1,005 call options.

Institutional Investors Weigh In On Sensata Technologies

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC grew its position in shares of Sensata Technologies by 399.0% during the 2nd quarter. GAMMA Investing LLC now owns 968 shares of the scientific and technical instruments company's stock worth $36,000 after buying an additional 774 shares during the period. Versant Capital Management Inc acquired a new stake in shares of Sensata Technologies during the 2nd quarter worth approximately $37,000. Quarry LP grew its holdings in Sensata Technologies by 227.1% during the second quarter. Quarry LP now owns 1,063 shares of the scientific and technical instruments company's stock valued at $40,000 after purchasing an additional 738 shares during the period. SageView Advisory Group LLC bought a new stake in Sensata Technologies in the first quarter valued at approximately $85,000. Finally, First Horizon Advisors Inc. raised its holdings in Sensata Technologies by 57.9% in the second quarter. First Horizon Advisors Inc. now owns 2,529 shares of the scientific and technical instruments company's stock worth $95,000 after purchasing an additional 927 shares during the period. Institutional investors and hedge funds own 99.42% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ST shares. Wolfe Research started coverage on shares of Sensata Technologies in a report on Thursday, September 5th. They set a "peer perform" rating for the company. Truist Financial cut their price target on shares of Sensata Technologies from $46.00 to $38.00 and set a "hold" rating for the company in a report on Tuesday, July 30th. The Goldman Sachs Group cut their price target on shares of Sensata Technologies from $41.00 to $39.00 and set a "neutral" rating for the company in a report on Tuesday, October 1st. Evercore ISI cut their price target on shares of Sensata Technologies from $60.00 to $50.00 and set an "outperform" rating for the company in a report on Tuesday. Finally, Oppenheimer cut their price target on shares of Sensata Technologies from $50.00 to $47.00 and set an "outperform" rating for the company in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Sensata Technologies presently has an average rating of "Hold" and an average price target of $43.40.

Sensata Technologies Price Performance

ST traded up $0.22 during midday trading on Thursday, hitting $36.13. The company had a trading volume of 841,234 shares, compared to its average volume of 1,895,422. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.31 and a current ratio of 1.77. The company has a market capitalization of $5.45 billion, a PE ratio of 896.97, a P/E/G ratio of 1.44 and a beta of 1.25. Sensata Technologies has a twelve month low of $30.56 and a twelve month high of $43.14. The firm's 50-day simple moving average is $36.13 and its 200-day simple moving average is $37.69.

Sensata Technologies (NYSE:ST - Get Free Report) last issued its quarterly earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.93 EPS for the quarter, hitting the consensus estimate of $0.93. Sensata Technologies had a net margin of 0.21% and a return on equity of 17.57%. The company had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.04 billion. During the same quarter in the previous year, the company earned $0.97 EPS. Sensata Technologies's revenue was down 2.5% on a year-over-year basis. Equities research analysts predict that Sensata Technologies will post 3.55 EPS for the current fiscal year.

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.