Sensata Technologies Sees Unusually High Options Volume (NYSE:ST)

Sensata Technologies Holding plc (NYSE:ST - Get Free Report) was the target of some unusual options trading activity on Tuesday. Investors bought 8,630 call options on the company. This represents an increase of approximately 539% compared to the typical volume of 1,351 call options.

Sensata Technologies Stock Performance

Shares of Sensata Technologies stock traded up $0.28 on Tuesday, reaching $27.40. 873,026 shares of the company traded hands, compared to its average volume of 1,843,311. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.60 and a quick ratio of 1.76. The firm has a market capitalization of $4.10 billion, a PE ratio of -50.74, a PEG ratio of 0.89 and a beta of 1.22. The company has a 50 day moving average of $31.42 and a 200 day moving average of $35.04. Sensata Technologies has a 52 week low of $26.65 and a 52 week high of $43.14.

Sensata Technologies (NYSE:ST - Get Free Report) 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 the consensus estimate of $0.86. The business had revenue of $982.80 million during 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%. Sensata Technologies's revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.91 earnings per share. Equities analysts forecast that Sensata Technologies will post 3.43 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Wednesday, November 13th. Sensata Technologies's dividend payout ratio is currently -88.89%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ST shares. TD Cowen dropped their price target on shares of Sensata Technologies from $50.00 to $45.00 and set a "buy" rating on the stock in a research report on Wednesday, November 6th. Robert W. Baird dropped their target price on Sensata Technologies from $40.00 to $36.00 and set a "neutral" rating on the stock in a report on Tuesday, November 5th. JPMorgan Chase & Co. decreased their price target on Sensata Technologies from $34.00 to $32.00 and set an "underweight" rating for the company in a report on Tuesday, November 5th. Truist Financial dropped their price objective 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, Oppenheimer reduced their target price on shares of Sensata Technologies from $47.00 to $44.00 and set an "outperform" rating for the company in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $41.00.

Hedge Funds Weigh In On Sensata Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC boosted its holdings in shares of Sensata Technologies by 84.8% in the second quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company's stock worth $189,158,000 after acquiring an additional 2,321,782 shares during the period. Eminence Capital LP lifted its holdings in Sensata Technologies by 31.8% during the 2nd quarter. Eminence Capital LP now owns 3,423,317 shares of the scientific and technical instruments company's stock worth $127,998,000 after purchasing an additional 826,353 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Sensata Technologies by 64.5% in the 2nd quarter. Victory Capital Management Inc. now owns 1,854,773 shares of the scientific and technical instruments company's stock worth $69,350,000 after purchasing an additional 727,521 shares during the period. Merewether Investment Management LP bought a new stake in shares of Sensata Technologies during the third quarter valued at about $25,446,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Sensata Technologies by 16.5% in 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 buying an additional 658,728 shares in the last quarter. 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.