Sensata Technologies Holding plc (NYSE:ST) Short Interest Down 14.0% in April

Sensata Technologies Holding plc (NYSE:ST) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 3,810,000 shares, a decrease of 14.0% from the March 31st total of 4,430,000 shares. Based on an average daily trading volume, of 1,940,000 shares, the short-interest ratio is currently 2.0 days. Currently, 2.6% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ST. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $36.00 target price (down from $44.00) on shares of Sensata Technologies in a report on Tuesday, April 9th. Jefferies Financial Group began coverage on shares of Sensata Technologies in a research report on Tuesday, April 9th. They issued a “hold” rating and a $40.00 price target for the company. Truist Financial dropped their price target on shares of Sensata Technologies from $39.00 to $36.00 and set a “hold” rating for the company in a research report on Wednesday, February 7th. Oppenheimer upgraded shares of Sensata Technologies from a “market perform” rating to an “outperform” rating and set a $50.00 price target for the company in a research report on Tuesday, January 30th. Finally, JPMorgan Chase & Co. lowered shares of Sensata Technologies from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $37.00 to $34.00 in a research report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $39.25.

Sensata Technologies Price Performance

Shares of NYSE:ST opened at $34.98 on Monday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.69 and a current ratio of 2.55. The firm has a fifty day moving average price of $35.06 and a 200 day moving average price of $34.67. Sensata Technologies has a fifty-two week low of $30.56 and a fifty-two week high of $47.41. The firm has a market cap of $5.26 billion, a price-to-earnings ratio of -699.60, a P/E/G ratio of 0.85 and a beta of 1.37.

Sensata Technologies (NYSE:ST) last issued its earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.05). Sensata Technologies had a positive return on equity of 17.47% and a negative net margin of 0.10%. The company had revenue of $992.50 million for the quarter, compared to the consensus estimate of $978.05 million. During the same quarter in the prior year, the company posted $0.96 EPS. Sensata Technologies’s revenue was down 2.2% compared to the same quarter last year. As a group, sell-side analysts expect that Sensata Technologies will post 3.72 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, May 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.37%. Sensata Technologies’s dividend payout ratio is -960.00%.

Hedge Funds Weigh In On Sensata Technologies

Several institutional investors have recently bought and sold shares of the business. New York State Teachers Retirement System lifted its position in Sensata Technologies by 16.2% during the first quarter. New York State Teachers Retirement System now owns 26,839 shares of the scientific and technical instruments company’s stock valued at $986,000 after purchasing an additional 3,739 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in Sensata Technologies by 2.6% during the first quarter. Louisiana State Employees Retirement System now owns 43,600 shares of the scientific and technical instruments company’s stock valued at $1,602,000 after purchasing an additional 1,100 shares during the last quarter. Amalgamated Bank lifted its position in Sensata Technologies by 0.3% during the first quarter. Amalgamated Bank now owns 94,351 shares of the scientific and technical instruments company’s stock valued at $3,466,000 after purchasing an additional 310 shares during the last quarter. Wesbanco Bank Inc. bought a new position in Sensata Technologies during the first quarter valued at $285,000. Finally, Hanson & Doremus Investment Management lifted its position in Sensata Technologies by 13.7% during the first quarter. Hanson & Doremus Investment Management now owns 12,733 shares of the scientific and technical instruments company’s stock valued at $468,000 after purchasing an additional 1,536 shares during the last quarter. Institutional investors own 99.42% of the company’s stock.

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.