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

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

Institutional Investors Weigh In On Sensata Technologies

Several hedge funds have recently modified their holdings of ST. Janus Henderson Group PLC increased its stake in shares of Sensata Technologies by 0.5% during the 3rd quarter. Janus Henderson Group PLC now owns 9,722,999 shares of the scientific and technical instruments company’s stock valued at $348,666,000 after acquiring an additional 45,513 shares during the last quarter. State Street Corp raised its position in Sensata Technologies by 0.4% in the third quarter. State Street Corp now owns 5,470,903 shares of the scientific and technical instruments company’s stock valued at $196,187,000 after purchasing an additional 23,946 shares during the period. Millennium Management LLC lifted its stake in shares of Sensata Technologies by 84.8% during 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 purchasing an additional 2,321,782 shares in the last quarter. Dimensional Fund Advisors LP boosted its position 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 during the period. Finally, FMR LLC grew its stake in shares of Sensata Technologies by 18.9% in the third quarter. FMR LLC now owns 3,895,776 shares of the scientific and technical instruments company’s stock valued at $139,703,000 after buying an additional 618,202 shares in the last quarter. 99.42% of the stock is owned by institutional investors and hedge funds.

Sensata Technologies Price Performance

Shares of ST stock traded up $0.19 during mid-day trading on Monday, reaching $32.33. The stock had a trading volume of 3,941,506 shares, compared to its average volume of 1,839,423. Sensata Technologies has a 12-month low of $30.43 and a 12-month high of $43.14. The company has a current ratio of 2.60, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The business has a 50-day simple moving average of $34.11 and a 200 day simple moving average of $36.75. The company has a market cap of $4.84 billion, a P/E ratio of -59.87, a price-to-earnings-growth ratio of 0.94 and a beta of 1.25.

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, meeting the consensus estimate of $0.86. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. The company had revenue of $982.80 million for the quarter, compared to the consensus estimate of $983.93 million. During the same quarter in the prior year, the firm earned $0.91 earnings per share. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Sensata Technologies will post 3.43 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 1.48%. The ex-dividend date was Wednesday, November 13th. Sensata Technologies’s payout ratio is -88.89%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ST shares. Oppenheimer lowered their target price on Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. JPMorgan Chase & Co. lowered their price objective on shares of Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 5th. Wolfe Research started coverage on shares of Sensata Technologies in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. 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 report on Tuesday, October 15th. Finally, Truist Financial reduced their price objective on shares of Sensata Technologies from $38.00 to $33.00 and set a “hold” rating for the company in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $41.00.

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.