Sensata Technologies Holding plc (NYSE:ST - Get Free Report) was the target of a large decline in short interest in October. As of October 31st, there was short interest totalling 2,740,000 shares, a decline 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 presently 2.3 days. Approximately 1.9% of the shares of the stock are sold short.
Sensata Technologies Price Performance
Shares of ST stock traded down $0.79 on Friday, reaching $31.83. 1,797,213 shares of the company were exchanged, compared to its average volume of 1,850,914. The company has a market cap of $4.76 billion, a price-to-earnings ratio of -59.18, a P/E/G ratio of 0.95 and a beta of 1.25. Sensata Technologies has a 1 year low of $31.18 and a 1 year high of $43.14. The business has a 50-day moving average price of $34.89 and a 200 day moving average price of $37.57. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.60.
Sensata Technologies (NYSE:ST - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The scientific and technical instruments company reported $0.86 EPS for the quarter, meeting the consensus estimate of $0.86. Sensata Technologies had a positive return on equity of 17.68% and a negative net margin of 1.98%. The firm had revenue of $982.80 million during the quarter, compared to the consensus estimate of $983.93 million. During the same period in the prior year, the company earned $0.91 EPS. The firm's revenue was down 1.8% compared to the same quarter last year. Equities research analysts forecast that Sensata Technologies will post 3.43 earnings per share for the current fiscal year.
Sensata Technologies Dividend Announcement
The firm also recently disclosed 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 of this dividend is Wednesday, November 13th. This represents a $0.48 dividend on an annualized basis and a yield of 1.51%. Sensata Technologies's payout ratio is -88.89%.
Institutional Investors Weigh In On Sensata Technologies
Several hedge funds and other institutional investors have recently made changes to their positions in ST. GAMMA Investing LLC raised its stake in Sensata Technologies by 399.0% in the second quarter. GAMMA Investing LLC now owns 968 shares of the scientific and technical instruments company's stock valued at $36,000 after buying an additional 774 shares in the last quarter. Versant Capital Management Inc acquired a new stake in Sensata Technologies in the 2nd quarter valued at about $37,000. Quarry LP raised its position 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 worth $40,000 after acquiring an additional 738 shares during the last quarter. SageView Advisory Group LLC acquired a new stake in shares of Sensata Technologies in the first quarter valued at approximately $85,000. Finally, Assetmark Inc. raised its position in shares of Sensata Technologies by 19.0% during the 3rd quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company's stock worth $93,000 after purchasing an additional 416 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on ST shares. Bank of America decreased their price objective on Sensata Technologies from $44.00 to $41.00 and set a "neutral" rating on the stock in a report on Tuesday, July 30th. JPMorgan Chase & Co. lowered their price objective on shares of Sensata Technologies from $34.00 to $32.00 and set an "underweight" rating for the company in a research report on Tuesday, November 5th. Stifel Nicolaus reduced their price objective on shares of Sensata Technologies from $43.00 to $38.00 and set a "hold" rating on the stock in a research report on Tuesday, November 5th. Truist Financial cut their target price on Sensata Technologies from $38.00 to $33.00 and set a "hold" rating on the stock in a research note on Tuesday, November 5th. Finally, Vertical Research initiated coverage on Sensata Technologies in a research report on Tuesday, July 23rd. They issued a "buy" rating and a $55.00 price objective on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $41.00.
Read Our Latest Report on ST
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 in the United States and internationally. It operates in two segments, Performance Sensing and Sensing Solutions.
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