Sensata Technologies Holding PLC (NYSE:ST) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 5,042,700 shares, a decrease of 6.9% from the July 31st total of 5,417,400 shares. Currently, 3.1% of the shares of the stock are short sold. Based on an average daily volume of 762,100 shares, the short-interest ratio is currently 6.6 days.
Shares of ST traded up $1.23 during trading hours on Friday, reaching $52.14. The stock had a trading volume of 1,221,700 shares, compared to its average volume of 837,206. Sensata Technologies has a 12 month low of $40.78 and a 12 month high of $52.83. The stock has a market capitalization of $7.94 billion, a PE ratio of 14.28, a PEG ratio of 1.13 and a beta of 1.42. The company has a debt-to-equity ratio of 1.24, a quick ratio of 2.35 and a current ratio of 3.13. The company’s 50-day moving average is $46.10 and its two-hundred day moving average is $47.29.
Sensata Technologies (NYSE:ST) last posted its quarterly earnings data on Tuesday, July 30th. The scientific and technical instruments company reported $0.93 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.01). The company had revenue of $883.70 million during the quarter, compared to analyst estimates of $898.90 million. Sensata Technologies had a net margin of 16.16% and a return on equity of 23.71%. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.93 earnings per share. Equities analysts anticipate that Sensata Technologies will post 3.69 earnings per share for the current fiscal year.
A number of brokerages have recently commented on ST. SunTrust Banks set a $53.00 price target on Sensata Technologies and gave the company a “hold” rating in a research note on Wednesday, July 31st. Evercore ISI began coverage on Sensata Technologies in a research note on Wednesday, June 5th. They issued an “in-line” rating and a $50.00 price target for the company. Zacks Investment Research upgraded Sensata Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, July 31st. Morgan Stanley dropped their price target on Sensata Technologies from $45.00 to $44.00 and set an “underweight” rating for the company in a research note on Wednesday, July 31st. Finally, Longbow Research cut Sensata Technologies from a “buy” rating to a “neutral” rating and set a $45.84 price target for the company. in a research note on Monday, June 17th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $51.68.
In other Sensata Technologies news, EVP Steven Beringhause sold 26,417 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $47.27, for a total transaction of $1,248,731.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas Wroe, Jr. sold 2,666 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $44.71, for a total value of $119,196.86. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Clearbridge Investments LLC increased its holdings in Sensata Technologies by 1.6% in the first quarter. Clearbridge Investments LLC now owns 1,189,191 shares of the scientific and technical instruments company’s stock valued at $53,537,000 after purchasing an additional 18,389 shares during the period. California Public Employees Retirement System increased its holdings in Sensata Technologies by 13.4% in the first quarter. California Public Employees Retirement System now owns 370,057 shares of the scientific and technical instruments company’s stock valued at $16,660,000 after purchasing an additional 43,687 shares during the period. American National Bank increased its holdings in Sensata Technologies by 1.5% in the second quarter. American National Bank now owns 83,092 shares of the scientific and technical instruments company’s stock valued at $4,072,000 after purchasing an additional 1,246 shares during the period. Trexquant Investment LP acquired a new stake in Sensata Technologies in the first quarter valued at $1,594,000. Finally, Boston Partners increased its holdings in Sensata Technologies by 27.6% in the first quarter. Boston Partners now owns 47,582 shares of the scientific and technical instruments company’s stock valued at $2,142,000 after purchasing an additional 10,289 shares during the period. Institutional investors and hedge funds own 91.43% of the company’s stock.
Sensata Technologies Company Profile
Sensata Technologies Holding plc, through its subsidiary, Sensata Technologies Holding N.V., develops, manufactures, and sells a range of sensors and controls in the Americas, Asia, Europe, and internationally. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment develops and manufactures pressure sensors, speed and position sensors, and temperature sensors.
Recommended Story: Technical Analysis of Stocks and What It Means
Receive News & Ratings for Sensata Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sensata Technologies and related companies with MarketBeat.com's FREE daily email newsletter.