Sensata Technologies Holding plc (NYSE:ST) Short Interest Update

Sensata Technologies Holding plc (NYSE:ST) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 3,760,000 shares, a decline of 16.3% from the June 30th total of 4,490,000 shares. Currently, 2.5% of the company’s shares are sold short. Based on an average daily volume of 2,220,000 shares, the short-interest ratio is currently 1.7 days.

Insider Transactions at Sensata Technologies

In other news, Director Ali John Mirshekari purchased 73,137 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were purchased at an average price of $39.17 per share, for a total transaction of $2,864,776.29. Following the transaction, the director now owns 73,137 shares of the company’s stock, valued at $2,864,776.29. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Sensata Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Liontrust Investment Partners LLP purchased a new position in shares of Sensata Technologies in the 2nd quarter worth about $16,242,000. Bank of New York Mellon Corp boosted its holdings in shares of Sensata Technologies by 9.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,406,451 shares of the scientific and technical instruments company’s stock worth $52,587,000 after buying an additional 122,795 shares during the last quarter. Easterly Investment Partners LLC boosted its holdings in shares of Sensata Technologies by 3.7% in the 2nd quarter. Easterly Investment Partners LLC now owns 228,440 shares of the scientific and technical instruments company’s stock worth $8,541,000 after buying an additional 8,088 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Sensata Technologies by 0.9% in the 2nd quarter. Fifth Third Bancorp now owns 29,509 shares of the scientific and technical instruments company’s stock worth $1,103,000 after buying an additional 275 shares during the last quarter. Finally, Carnegie Investment Counsel purchased a new stake in Sensata Technologies during the second quarter valued at about $382,000. 99.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Robert W. Baird boosted their target price on shares of Sensata Technologies from $37.00 to $47.00 and gave the company a “neutral” rating in a research report on Tuesday, April 30th. Evercore ISI upgraded shares of Sensata Technologies from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $44.00 to $60.00 in a research note on Monday, May 6th. Stifel Nicolaus boosted their price target on shares of Sensata Technologies from $36.00 to $43.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Jefferies Financial Group assumed coverage on shares of Sensata Technologies in a research note on Tuesday, April 9th. They set a “hold” rating and a $40.00 price target for the company. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $36.00 price target (down previously from $44.00) on shares of Sensata Technologies in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $44.90.

Sensata Technologies Trading Up 2.6 %

NYSE ST opened at $38.23 on Monday. Sensata Technologies has a 1 year low of $30.56 and a 1 year high of $43.14. The company has a current ratio of 2.64, a quick ratio of 1.74 and a debt-to-equity ratio of 1.14. The company has a fifty day moving average price of $39.49 and a 200-day moving average price of $37.17.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Monday, April 29th. The scientific and technical instruments company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.03. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $986.51 million. Sensata Technologies had a negative net margin of 0.35% and a positive return on equity of 17.58%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 EPS. As a group, sell-side analysts anticipate that Sensata Technologies will post 3.75 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Wednesday, August 14th. Sensata Technologies’s dividend payout ratio (DPR) is currently -436.32%.

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.