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

Sensata Technologies Holding plc (NYSE:ST) saw a significant increase in short interest in 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 trading volume of 1,250,000 shares, the short-interest ratio is presently 2.7 days. Currently, 2.3% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ST. Oppenheimer lowered their target price on shares of Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. The Goldman Sachs Group lowered their target price on shares of Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating for the company in a research note on Tuesday, October 1st. Wolfe Research began coverage on shares of Sensata Technologies in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. JPMorgan Chase & Co. lowered their price objective on shares of Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating for the company in a research note on Tuesday, November 5th. Finally, Truist Financial lowered 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 note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $41.00.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC increased 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 in the last quarter. Versant Capital Management Inc purchased a new position in Sensata Technologies in the second quarter valued at $37,000. Quarry LP increased its holdings in Sensata Technologies by 227.1% in the second quarter. Quarry LP now owns 1,063 shares of the scientific and technical instruments company’s stock valued at $40,000 after buying an additional 738 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in Sensata Technologies by 57.9% in the second quarter. First Horizon Advisors Inc. now owns 2,529 shares of the scientific and technical instruments company’s stock valued at $95,000 after buying an additional 927 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in Sensata Technologies by 19.0% in the third quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company’s stock valued at $93,000 after buying an additional 416 shares in the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Sensata Technologies Stock Performance

Shares of Sensata Technologies stock traded up $0.19 during trading on Monday, hitting $32.33. 3,941,506 shares of the company’s stock were exchanged, compared to its average volume of 1,839,423. 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 has a 50-day simple moving average of $34.11 and a 200-day simple moving average of $36.75. Sensata Technologies has a 52-week low of $30.43 and a 52-week high of $43.14. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of -59.87, a PEG ratio of 0.94 and a beta of 1.25.

Sensata Technologies (NYSE:ST) last issued its 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. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. The firm had revenue of $982.80 million during the quarter, compared to analysts’ expectations of $983.93 million. During the same quarter last year, the company posted $0.91 earnings per share. The firm’s revenue was down 1.8% compared to the same quarter last year. On average, research analysts forecast that Sensata Technologies will post 3.43 EPS for the current year.

Sensata Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.48 annualized dividend and a dividend yield of 1.48%. Sensata Technologies’s dividend payout ratio (DPR) is presently -88.89%.

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.