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

Sensata Technologies Holding plc (NYSE:ST) was the recipient of a significant decrease in short interest in 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 volume of 1,940,000 shares, the days-to-cover ratio is presently 2.0 days. Approximately 2.6% of the company’s stock are sold short.

Institutional Investors Weigh In On Sensata Technologies

Hedge funds have recently modified their holdings of the stock. Cary Street Partners Investment Advisory LLC raised its position in Sensata Technologies by 1,389.8% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 730 shares of the scientific and technical instruments company’s stock worth $28,000 after acquiring an additional 681 shares in the last quarter. Principal Securities Inc. purchased a new position in Sensata Technologies in the fourth quarter worth $29,000. Parkside Financial Bank & Trust raised its position in 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 worth $33,000 after acquiring an additional 784 shares in the last quarter. Covestor Ltd raised its position in 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 worth $47,000 after acquiring an additional 521 shares in the last quarter. Finally, TFO Wealth Partners LLC raised its position in Sensata Technologies by 17,818.8% in the fourth quarter. TFO Wealth Partners LLC now owns 2,867 shares of the scientific and technical instruments company’s stock worth $108,000 after acquiring an additional 2,851 shares in the last quarter. 99.42% of the stock is owned by institutional investors and hedge funds.

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 current ratio of 2.55 and a quick ratio of 1.69. The stock has a fifty day moving average price of $35.06 and a 200 day moving average price of $34.67. Sensata Technologies has a 1-year low of $30.56 and a 1-year high of $47.41. The company has a market cap of $5.26 billion, a PE 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 quarterly earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $978.05 million. During the same period in the prior year, the business earned $0.96 earnings per share. Sensata Technologies’s revenue for the quarter was down 2.2% compared to the same quarter last year. Sell-side analysts forecast that Sensata Technologies will post 3.72 EPS for the current year.

Sensata Technologies Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $36.00 price target (down from $44.00) on shares of Sensata Technologies in a report on Tuesday, April 9th. Bank of America downgraded Sensata Technologies from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $46.00 to $38.00 in a report on Wednesday, February 7th. 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. JPMorgan Chase & Co. downgraded Sensata Technologies from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $37.00 to $34.00 in a report on Monday, January 8th. Finally, Jefferies Financial Group assumed coverage on Sensata Technologies in a report on Tuesday, April 9th. They issued a “hold” rating and a $40.00 price objective for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $39.25.

About Sensata Technologies

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.