Sensata Technologies Holding plc (NYSE:ST) Short Interest Down 20.1% in October

Sensata Technologies Holding plc (NYSE:ST) was the recipient of a significant drop in short interest in October. As of October 31st, there was short interest totalling 2,740,000 shares, a drop of 20.1% from the October 15th total of 3,430,000 shares. Approximately 1.9% of the company’s stock are short sold. Based on an average trading volume of 1,180,000 shares, the days-to-cover ratio is currently 2.3 days.

Institutional Trading of Sensata Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC grew its stake in Sensata Technologies by 399.0% during the 2nd quarter. GAMMA Investing LLC now owns 968 shares of the scientific and technical instruments company’s stock worth $36,000 after buying an additional 774 shares during the last quarter. Versant Capital Management Inc acquired a new stake in shares of Sensata Technologies during the 2nd quarter valued at approximately $37,000. Quarry LP boosted its stake in shares of Sensata Technologies by 227.1% during the 2nd quarter. Quarry LP now owns 1,063 shares of the scientific and technical instruments company’s stock worth $40,000 after acquiring an additional 738 shares in the last quarter. SageView Advisory Group LLC purchased a new stake in shares of Sensata Technologies during the 1st quarter worth approximately $85,000. Finally, Assetmark Inc. increased its stake in Sensata Technologies by 19.0% in the 3rd quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company’s stock valued at $93,000 after purchasing an additional 416 shares in the last quarter. 99.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ST has been the subject of a number of research reports. UBS Group reduced their target price on shares of Sensata Technologies from $44.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. TD Cowen lowered their price objective on Sensata Technologies from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Bank of America reduced their target price on shares of Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. Oppenheimer lowered their price target on shares of Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Finally, Wolfe Research started coverage on shares of Sensata Technologies in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $41.00.

Sensata Technologies Stock Performance

NYSE:ST traded down $0.79 during trading hours on Friday, hitting $31.83. 1,797,214 shares of the company were exchanged, compared to its average volume of 1,850,914. The stock has a market capitalization of $4.76 billion, a price-to-earnings ratio of -58.94, a PEG ratio of 0.95 and a beta of 1.25. 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 company’s 50 day moving average price is $34.82 and its 200-day moving average price is $37.54. Sensata Technologies has a 52-week low of $31.18 and a 52-week high of $43.14.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings data on Monday, November 4th. The scientific and technical instruments company reported $0.86 EPS for the quarter, hitting analysts’ consensus estimates of $0.86. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. The business had revenue of $982.80 million for the quarter, compared to analysts’ expectations of $983.93 million. During the same quarter last year, the company earned $0.91 EPS. The business’s revenue was down 1.8% on a year-over-year basis. As a group, research analysts forecast that Sensata Technologies will post 3.43 earnings per share for the current year.

Sensata Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is 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.