Sensata Technologies Holding plc (NYSE:ST) Sees Large Decrease in Short Interest

Sensata Technologies Holding plc (NYSE:ST - Get Free Report) saw a large decrease in short interest in February. As of February 15th, there was short interest totalling 3,470,000 shares, a decrease of 13.5% from the January 31st total of 4,010,000 shares. Based on an average daily trading volume, of 1,720,000 shares, the days-to-cover ratio is presently 2.0 days. Currently, 2.4% of the shares of the company are sold short.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ST. Evercore ISI lowered their target price on shares of Sensata Technologies from $43.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, January 17th. The Goldman Sachs Group decreased their price objective on Sensata Technologies from $36.00 to $32.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Oppenheimer cut their target price on Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Finally, UBS Group decreased their price target on Sensata Technologies from $38.00 to $37.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Sensata Technologies currently has a consensus rating of "Hold" and a consensus target price of $39.08.

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Hedge Funds Weigh In On Sensata Technologies

A number of large investors have recently bought and sold shares of ST. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Sensata Technologies in the fourth quarter worth about $1,075,000. Mackenzie Financial Corp raised its stake in Sensata Technologies by 1.5% in the fourth quarter. Mackenzie Financial Corp now owns 1,217,602 shares of the scientific and technical instruments company's stock worth $33,362,000 after buying an additional 17,575 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Sensata Technologies by 17.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 450,912 shares of the scientific and technical instruments company's stock worth $12,355,000 after buying an additional 65,607 shares during the period. Voloridge Investment Management LLC bought a new stake in Sensata Technologies during the 4th quarter valued at approximately $11,284,000. Finally, Woodline Partners LP grew its holdings in shares of Sensata Technologies by 65.2% during the 4th quarter. Woodline Partners LP now owns 2,277,826 shares of the scientific and technical instruments company's stock worth $62,412,000 after acquiring an additional 898,835 shares during the period. 99.42% of the stock is owned by hedge funds and other institutional investors.

Sensata Technologies Price Performance

ST stock traded down $0.57 during midday trading on Monday, reaching $28.15. The company had a trading volume of 2,535,857 shares, compared to its average volume of 1,663,158. Sensata Technologies has a 1 year low of $24.91 and a 1 year high of $43.14. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.85 and a quick ratio of 1.99. The company has a market capitalization of $4.21 billion, a P/E ratio of 33.52, a P/E/G ratio of 1.25 and a beta of 1.20. The firm has a 50-day moving average price of $27.95 and a 200-day moving average price of $31.67.

Sensata Technologies (NYSE:ST - Get Free Report) last issued its earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.76. Sensata Technologies had a return on equity of 17.54% and a net margin of 3.27%. On average, research analysts anticipate that Sensata Technologies will post 3.21 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.48 annualized dividend and a yield of 1.70%. Sensata Technologies's payout ratio is 57.14%.

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.