Sensata Technologies (NYSE:ST) Shares Gap Up After Insider Buying Activity

Sensata Technologies Holding plc (NYSE:ST) gapped up before the market opened on Monday following insider buying activity. The stock had previously closed at $40.07, but opened at $41.90. Sensata Technologies shares last traded at $41.19, with a volume of 562,093 shares trading hands.

Specifically, Director Ali John Mirshekari bought 73,137 shares of the business’s stock in a transaction on Thursday, May 2nd. The stock was acquired at an average price of $39.17 per share, with a total value of $2,864,776.29. Following the transaction, the director now owns 73,137 shares in the company, valued at approximately $2,864,776.29. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on ST shares. Oppenheimer upgraded shares of Sensata Technologies from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a research report on Tuesday, January 30th. Bank of America downgraded Sensata Technologies from a “buy” rating to a “neutral” rating and lowered their target price for the company from $46.00 to $38.00 in a research report on Wednesday, February 7th. Robert W. Baird upped their price target on Sensata Technologies from $37.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 30th. Truist Financial lifted their price objective on Sensata Technologies from $36.00 to $46.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Finally, Stifel Nicolaus boosted their price objective on Sensata Technologies from $36.00 to $43.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $43.78.

Sensata Technologies Stock Performance

The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.74 and a current ratio of 2.64. The firm has a market capitalization of $6.32 billion, a PE ratio of -381.73, a price-to-earnings-growth ratio of 0.97 and a beta of 1.32. The business’s fifty day simple moving average is $35.78 and its 200-day simple moving average is $34.80.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings data on Monday, April 29th. The scientific and technical instruments company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.03. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $986.51 million. Sensata Technologies had a positive return on equity of 17.58% and a negative net margin of 0.35%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 earnings per share. As a group, equities research analysts expect that Sensata Technologies Holding plc will post 3.75 EPS for the current year.

Sensata Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be issued a dividend of $0.12 per share. The ex-dividend date is Tuesday, May 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.14%. Sensata Technologies’s dividend payout ratio (DPR) is -436.36%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Sensata Technologies by 1,389.8% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 730 shares of the scientific and technical instruments company’s stock worth $28,000 after purchasing an additional 681 shares during the period. Principal Securities Inc. purchased a new position in Sensata Technologies during the fourth quarter worth $29,000. Parkside Financial Bank & Trust raised its stake in shares of Sensata Technologies by 761.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 887 shares of the scientific and technical instruments company’s stock valued at $33,000 after acquiring an additional 784 shares during the period. Covestor Ltd raised its stake in shares of Sensata Technologies by 71.6% in the third quarter. Covestor Ltd now owns 1,249 shares of the scientific and technical instruments company’s stock valued at $47,000 after acquiring an additional 521 shares during the period. Finally, TFO Wealth Partners LLC boosted its stake in shares of Sensata Technologies by 17,818.8% during the 4th quarter. TFO Wealth Partners LLC now owns 2,867 shares of the scientific and technical instruments company’s stock worth $108,000 after purchasing an additional 2,851 shares during the period. 99.42% of the stock is owned by hedge funds and other institutional investors.

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.