Sensata Technologies Holding plc (NYSE:ST) Sees Significant Decrease in Short Interest

Sensata Technologies Holding plc (NYSE:ST) was the recipient of a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 3,470,000 shares, a decrease of 13.5% from the January 31st total of 4,010,000 shares. Based on an average daily trading volume, of 1,720,000 shares, the days-to-cover ratio is presently 2.0 days. Currently, 2.4% of the company’s shares are short sold.

Institutional Investors Weigh In On Sensata Technologies

A number of hedge funds have recently bought and sold shares of ST. Wealth Enhancement Advisory Services LLC grew its stake in Sensata Technologies by 20.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,172 shares of the scientific and technical instruments company’s stock valued at $544,000 after purchasing an additional 2,621 shares in the last quarter. State of Alaska Department of Revenue grew its stake in Sensata Technologies by 7.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 17,535 shares of the scientific and technical instruments company’s stock valued at $628,000 after purchasing an additional 1,190 shares in the last quarter. US Bancorp DE grew its stake in Sensata Technologies by 14.2% during the 3rd quarter. US Bancorp DE now owns 76,110 shares of the scientific and technical instruments company’s stock valued at $2,729,000 after purchasing an additional 9,474 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in Sensata Technologies by 1.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 46,114 shares of the scientific and technical instruments company’s stock valued at $1,654,000 after purchasing an additional 602 shares in the last quarter. Finally, Poplar Forest Capital LLC grew its stake in Sensata Technologies by 4.7% during the 3rd quarter. Poplar Forest Capital LLC now owns 575,771 shares of the scientific and technical instruments company’s stock valued at $20,647,000 after purchasing an additional 25,889 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

Sensata Technologies Stock Performance

Shares of NYSE:ST opened at $28.70 on Friday. The company has a market cap of $4.29 billion, a P/E ratio of 34.17, a PEG ratio of 1.25 and a beta of 1.20. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.99 and a current ratio of 2.85. Sensata Technologies has a one year low of $24.91 and a one year high of $43.14. The business’s 50-day simple moving average is $27.95 and its 200 day simple moving average is $31.75.

Sensata Technologies (NYSE:ST) last announced its earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 EPS for the quarter, meeting the consensus estimate of $0.76. Sensata Technologies had a return on equity of 17.54% and a net margin of 3.27%. On average, sell-side analysts forecast that Sensata Technologies will post 3.21 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.12 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.48 dividend on an annualized basis and a yield of 1.67%. Sensata Technologies’s dividend payout ratio (DPR) is presently 57.14%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. The Goldman Sachs Group reduced their target price on Sensata Technologies from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Oppenheimer cut their price objective on Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. UBS Group cut their price objective on Sensata Technologies from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Finally, Evercore ISI cut their price objective on Sensata Technologies from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $39.08.

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.