Short Interest in Sensata Technologies Holding plc (NYSE:ST) Decreases By 24.3%

Sensata Technologies Holding plc (NYSE:STGet Free Report) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 5,220,000 shares, a drop of 24.3% from the February 29th total of 6,900,000 shares. Based on an average trading volume of 2,250,000 shares, the short-interest ratio is currently 2.3 days. Approximately 3.5% of the company’s stock are sold short.

Institutional Investors Weigh In On Sensata Technologies

A number of institutional investors have recently modified their holdings of ST. Select Equity Group L.P. grew its stake in shares of Sensata Technologies by 88.2% in the fourth quarter. Select Equity Group L.P. now owns 9,852,952 shares of the scientific and technical instruments company’s stock worth $397,862,000 after acquiring an additional 4,616,942 shares during the last quarter. Kodai Capital Management LP bought a new position in shares of Sensata Technologies during the fourth quarter valued at $133,156,000. Shapiro Capital Management LLC lifted its holdings in shares of Sensata Technologies by 319.7% during the fourth quarter. Shapiro Capital Management LLC now owns 4,132,092 shares of the scientific and technical instruments company’s stock valued at $166,854,000 after purchasing an additional 3,147,593 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Sensata Technologies by 105.3% during the fourth quarter. Millennium Management LLC now owns 2,677,663 shares of the scientific and technical instruments company’s stock valued at $108,124,000 after purchasing an additional 1,373,199 shares in the last quarter. Finally, Eminence Capital LP bought a new position in shares of Sensata Technologies during the fourth quarter valued at $46,794,000. 99.42% of the stock is owned by hedge funds and other institutional investors.

Sensata Technologies Trading Up 0.9 %

NYSE:ST opened at $36.74 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.69 and a current ratio of 2.55. Sensata Technologies has a 1-year low of $30.56 and a 1-year high of $50.11. The business has a 50 day moving average of $34.91 and a 200 day moving average of $35.05.

Sensata Technologies (NYSE:STGet Free Report) last announced its earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.05). The business had revenue of $992.50 million for the quarter, compared to the consensus estimate of $978.05 million. Sensata Technologies had a negative net margin of 0.10% and a positive return on equity of 17.47%. Sensata Technologies’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.96 EPS. As a group, research analysts anticipate that Sensata Technologies will post 3.74 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were paid a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.48 annualized dividend and a yield of 1.31%. Sensata Technologies’s payout ratio is -959.81%.

Wall Street Analysts Forecast Growth

ST has been the subject of several recent research reports. Oppenheimer raised Sensata Technologies from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a report on Tuesday, January 30th. Truist Financial reduced their target price on Sensata Technologies from $39.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, February 7th. Stifel Nicolaus cut their price objective on Sensata Technologies from $40.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, February 7th. JPMorgan Chase & Co. lowered Sensata Technologies from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $37.00 to $34.00 in a report on Monday, January 8th. Finally, Bank of America lowered Sensata Technologies from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $46.00 to $38.00 in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $39.67.

Read Our Latest Stock Analysis on Sensata Technologies

About Sensata Technologies

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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.

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