Sensata Technologies Holding plc (NYSE:ST) Short Interest Update

Sensata Technologies Holding plc (NYSE:ST) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totalling 3,760,000 shares, a drop of 16.3% from the June 30th total of 4,490,000 shares. Approximately 2.5% of the shares of the company are short sold. Based on an average daily volume of 2,220,000 shares, the short-interest ratio is currently 1.7 days.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ST. Stifel Nicolaus lifted their target price on shares of Sensata Technologies from $36.00 to $43.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. The Goldman Sachs Group reiterated a “neutral” rating and set a $36.00 target price (down from $44.00) on shares of Sensata Technologies in a research report on Tuesday, April 9th. Jefferies Financial Group began coverage on shares of Sensata Technologies in a research report on Tuesday, April 9th. They set a “hold” rating and a $40.00 target price on the stock. Truist Financial lifted their target price on shares of Sensata Technologies from $36.00 to $46.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Finally, Vertical Research initiated coverage on shares of Sensata Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $55.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $44.90.

Sensata Technologies Price Performance

Shares of ST stock opened at $38.23 on Monday. Sensata Technologies has a 1 year low of $30.56 and a 1 year high of $43.14. The firm’s 50 day moving average is $39.49 and its 200-day moving average is $37.17. The company has a current ratio of 2.64, a quick ratio of 1.74 and a debt-to-equity ratio of 1.14.

Sensata Technologies (NYSE:ST) last announced its earnings results on Monday, April 29th. The scientific and technical instruments company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.03. Sensata Technologies had a negative net margin of 0.35% and a positive return on equity of 17.58%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $986.51 million. During the same period in the prior year, the business earned $0.92 earnings per share. Sensata Technologies’s quarterly revenue was up .9% on a year-over-year basis. As a group, research analysts expect that Sensata Technologies will post 3.75 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $0.48 annualized dividend and a yield of 1.26%. Sensata Technologies’s dividend payout ratio is currently -436.32%.

Insiders Place Their Bets

In related news, Director Ali John Mirshekari purchased 73,137 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were bought at an average cost of $39.17 per share, for a total transaction of $2,864,776.29. Following the transaction, the director now directly owns 73,137 shares of the company’s stock, valued at approximately $2,864,776.29. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Sensata Technologies

Large investors have recently bought and sold shares of the business. Principal Securities Inc. acquired a new position in Sensata Technologies in the fourth quarter valued at approximately $29,000. Parkside Financial Bank & Trust lifted its holdings in Sensata Technologies by 761.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 887 shares of the scientific and technical instruments company’s stock valued at $33,000 after buying an additional 784 shares during the period. GAMMA Investing LLC lifted its holdings 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 during the period. Versant Capital Management Inc acquired a new position in Sensata Technologies in the second quarter valued at approximately $37,000. Finally, SageView Advisory Group LLC acquired a new position in Sensata Technologies in the first quarter valued at approximately $85,000. 99.42% of the stock is currently owned by institutional investors and hedge funds.

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.