Sensata Technologies Holding plc (NYSE:ST) Sees Large Decline in Short Interest

Sensata Technologies Holding plc (NYSE:STGet Rating) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 7,170,000 shares, a decline of 21.6% from the March 15th total of 9,140,000 shares. Currently, 4.6% of the shares of the company are sold short. Based on an average daily volume of 1,590,000 shares, the short-interest ratio is currently 4.5 days.

ST stock opened at $47.39 on Monday. The company has a quick ratio of 2.98, a current ratio of 3.68 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $7.47 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 1.09 and a beta of 1.32. Sensata Technologies has a 12 month low of $47.18 and a 12 month high of $65.58. The firm has a 50 day moving average of $53.51 and a two-hundred day moving average of $56.95.

Sensata Technologies (NYSE:STGet Rating) last posted its quarterly earnings data on Tuesday, February 1st. The scientific and technical instruments company reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.06. The business had revenue of $934.60 million during the quarter, compared to the consensus estimate of $918.68 million. Sensata Technologies had a net margin of 9.52% and a return on equity of 19.20%. Sensata Technologies’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 EPS. On average, research analysts expect that Sensata Technologies will post 3.94 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. Frontier Capital Management Co. LLC acquired a new stake in shares of Sensata Technologies during the 4th quarter worth about $32,281,000. Balyasny Asset Management LLC grew its holdings in Sensata Technologies by 304.0% during the 3rd quarter. Balyasny Asset Management LLC now owns 492,852 shares of the scientific and technical instruments company’s stock worth $26,969,000 after acquiring an additional 370,869 shares during the last quarter. Boston Trust Walden Corp bought a new position in shares of Sensata Technologies in the 4th quarter valued at about $724,000. Daiwa Securities Group Inc. boosted its stake in shares of Sensata Technologies by 1.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 42,195 shares of the scientific and technical instruments company’s stock valued at $2,309,000 after purchasing an additional 658 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in Sensata Technologies during the 4th quarter worth approximately $100,615,000. Hedge funds and other institutional investors own 97.98% of the company’s stock.

A number of brokerages have recently weighed in on ST. UBS Group raised shares of Sensata Technologies from a “neutral” rating to a “buy” rating and upped their price target for the stock from $62.00 to $68.00 in a research note on Monday, February 14th. Robert W. Baird downgraded shares of Sensata Technologies from an “outperform” rating to a “neutral” rating and set a $67.00 target price on the stock. in a report on Friday, January 14th. JPMorgan Chase & Co. boosted their target price on shares of Sensata Technologies from $64.00 to $67.00 in a report on Thursday, January 20th. StockNews.com began coverage on shares of Sensata Technologies in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Morgan Stanley dropped their target price on shares of Sensata Technologies from $75.00 to $71.00 and set an “overweight” rating on the stock in a report on Wednesday, February 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Sensata Technologies has an average rating of “Hold” and an average target price of $65.10.

About Sensata Technologies (Get Rating)

Sensata Technologies Holding plc develops, manufactures, and sells sensors, sensor-based solutions, controls, and other products in the Americas, Europe, Asia, and internationally. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment develops and manufactures sensors, high-voltage contactors, and other solutions used in mission-critical systems and applications, such as tire pressure monitoring, thermal management, electrical protection, regenerative braking, powertrain (engine/transmission), and exhaust management.

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