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

Sensata Technologies Holding plc (NYSE:ST) was the target of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 3,430,000 shares, a growth of 25.2% from the October 31st total of 2,740,000 shares. Currently, 2.3% of the shares of the company are short sold. Based on an average trading volume of 1,250,000 shares, the days-to-cover ratio is presently 2.7 days.

Sensata Technologies Trading Up 0.6 %

NYSE:ST traded up $0.19 during mid-day trading on Monday, hitting $32.33. 3,941,506 shares of the stock traded hands, compared to its average volume of 1,839,423. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of -59.87, a PEG ratio of 0.94 and a beta of 1.25. Sensata Technologies has a 52 week low of $30.43 and a 52 week high of $43.14. The firm’s 50 day moving average is $34.11 and its two-hundred day moving average is $36.75. The company has a quick ratio of 1.76, a current ratio of 2.60 and a debt-to-equity ratio of 1.08.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 EPS for the quarter, meeting the consensus estimate of $0.86. The company had revenue of $982.80 million for the quarter, compared to the consensus estimate of $983.93 million. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. The firm’s revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.91 EPS. On average, equities research analysts predict that Sensata Technologies will post 3.43 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Wednesday, November 13th. Sensata Technologies’s dividend payout ratio (DPR) is presently -88.89%.

Analyst Ratings Changes

ST has been the topic of several analyst reports. Oppenheimer dropped their price target on shares of Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Stifel Nicolaus lowered their target price on shares of Sensata Technologies from $43.00 to $38.00 and set a “hold” rating on the stock in a research note on Tuesday, November 5th. JPMorgan Chase & Co. lowered their target price on shares of Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 5th. Evercore ISI lowered their target price on shares of Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 15th. Finally, Wolfe Research started coverage on shares of Sensata Technologies in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Sensata Technologies currently has an average rating of “Hold” and an average target price of $41.00.

Hedge Funds Weigh In On Sensata Technologies

A number of institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. boosted its stake in shares of Sensata Technologies by 3.7% during the third quarter. Franklin Resources Inc. now owns 11,442 shares of the scientific and technical instruments company’s stock valued at $418,000 after purchasing an additional 403 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Sensata Technologies by 1.1% during the third quarter. Tidal Investments LLC now owns 29,346 shares of the scientific and technical instruments company’s stock valued at $1,052,000 after purchasing an additional 314 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Sensata Technologies by 1.0% during the third quarter. Geode Capital Management LLC now owns 2,520,062 shares of the scientific and technical instruments company’s stock valued at $90,393,000 after purchasing an additional 24,707 shares in the last quarter. Barclays PLC boosted its stake in shares of Sensata Technologies by 14.9% during the third quarter. Barclays PLC now owns 77,759 shares of the scientific and technical instruments company’s stock valued at $2,788,000 after purchasing an additional 10,107 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Sensata Technologies by 2.6% during the third quarter. Public Employees Retirement System of Ohio now owns 58,479 shares of the scientific and technical instruments company’s stock valued at $2,097,000 after purchasing an additional 1,508 shares in the last quarter. 99.42% of the stock is owned by hedge funds and other institutional investors.

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.