Short Interest in Sensata Technologies Holding plc (NYSE:ST) Declines By 20.1%

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

Analyst Ratings Changes

A number of research analysts have issued reports on ST shares. Robert W. Baird reduced their target price on shares of Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. TD Cowen decreased their target price on shares of 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 cut their price target on Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. Evercore ISI decreased their price objective on Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating on the stock in a report on Tuesday, October 15th. Finally, Vertical Research began coverage on Sensata Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $55.00 target price for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $41.00.

Sensata Technologies Stock Performance

Sensata Technologies stock opened at $32.62 on Friday. The company has a market cap of $4.88 billion, a price-to-earnings ratio of -61.28, a price-to-earnings-growth ratio of 0.96 and a beta of 1.25. Sensata Technologies has a 12 month low of $31.18 and a 12 month high of $43.14. 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 stock’s 50-day moving average is $34.97 and its 200-day moving average is $37.60.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 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 firm had revenue of $982.80 million for the quarter, compared to analyst estimates of $983.93 million. During the same quarter last year, the firm posted $0.91 earnings per share. Sensata Technologies’s revenue for the quarter was down 1.8% compared to the same quarter last year. Equities analysts anticipate that Sensata Technologies will post 3.43 earnings per share for the current year.

Sensata Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.48 dividend on an annualized basis and a yield of 1.47%. Sensata Technologies’s dividend payout ratio (DPR) is -88.89%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ST. 272 Capital LP acquired a new stake in Sensata Technologies in the third quarter valued at approximately $292,000. Verition Fund Management LLC lifted its position in shares of Sensata Technologies by 226.8% during the third quarter. Verition Fund Management LLC now owns 124,857 shares of the scientific and technical instruments company’s stock worth $4,477,000 after purchasing an additional 86,656 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of Sensata Technologies by 21.5% in the third quarter. Captrust Financial Advisors now owns 7,146 shares of the scientific and technical instruments company’s stock valued at $256,000 after purchasing an additional 1,264 shares during the period. Capstone Investment Advisors LLC acquired a new stake in Sensata Technologies during the 3rd quarter valued at $237,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Sensata Technologies by 0.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 385,305 shares of the scientific and technical instruments company’s stock worth $13,817,000 after buying an additional 2,471 shares during the period. 99.42% of the stock is owned by hedge funds and other institutional investors.

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.