Stock Traders Purchase High Volume of Call Options on Sensata Technologies (NYSE:ST)

Sensata Technologies Holding plc (NYSE:ST) was the recipient of some unusual options trading activity on Tuesday. Stock traders purchased 8,630 call options on the stock. This is an increase of approximately 539% compared to the average daily volume of 1,351 call options.

Wall Street Analysts Forecast Growth

ST has been the subject of several analyst reports. The Goldman Sachs Group lowered their target price on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating for the company in a research report on Tuesday, October 1st. Evercore ISI lowered their price objective on Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating for the company in a research report on Tuesday, October 15th. Oppenheimer reduced their target price on Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Wolfe Research began coverage on shares of Sensata Technologies in a report on Thursday, September 5th. They set a “peer perform” rating for the company. Finally, Robert W. Baird reduced their price objective on shares of Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $41.00.

Institutional Investors Weigh In On Sensata Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in ST. JPMorgan Chase & Co. grew its holdings in Sensata Technologies by 66.7% during the third quarter. JPMorgan Chase & Co. now owns 660,568 shares of the scientific and technical instruments company’s stock worth $23,688,000 after buying an additional 264,334 shares in the last quarter. 272 Capital LP purchased a new position in Sensata Technologies during the 3rd quarter worth $292,000. Franklin Resources Inc. grew its stake in shares of Sensata Technologies by 3.7% in the 3rd quarter. Franklin Resources Inc. now owns 11,442 shares of the scientific and technical instruments company’s stock worth $418,000 after acquiring an additional 403 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Sensata Technologies by 1.1% in 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 during the last quarter. Finally, Geode Capital Management LLC lifted its position 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. Institutional investors and hedge funds own 99.42% of the company’s stock.

Sensata Technologies Stock Up 0.2 %

Shares of NYSE ST traded up $0.06 during trading on Tuesday, hitting $27.18. 198,359 shares of the company traded hands, compared to its average volume of 1,840,501. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.60. The business’s fifty day moving average is $31.58 and its 200 day moving average is $35.12. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of -50.33, a P/E/G ratio of 0.89 and a beta of 1.22. Sensata Technologies has a fifty-two week low of $26.65 and a fifty-two week high of $43.14.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.86. The business had revenue of $982.80 million for 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%. The company’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 earnings per share. Equities research analysts predict 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 was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date was Wednesday, November 13th. Sensata Technologies’s dividend payout ratio is currently -88.89%.

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.