Sensata Technologies (NYSE:ST) Shares Gap Up to $40.07

Sensata Technologies Holding plc (NYSE:ST - Get Free Report) gapped up before the market opened on Monday . 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.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ST shares. JPMorgan Chase & Co. lowered Sensata Technologies from a "neutral" rating to an "underweight" rating and cut their target price for the company from $37.00 to $34.00 in a report on Monday, January 8th. 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 research report on Tuesday, April 9th. Evercore ISI raised Sensata Technologies from an "in-line" rating to an "outperform" rating and raised their price target for the company from $44.00 to $60.00 in a research report on Monday. Stifel Nicolaus raised their price target on Sensata Technologies from $36.00 to $43.00 and gave the company a "hold" rating in a research report on Tuesday, April 30th. Finally, Jefferies Financial Group assumed coverage on Sensata Technologies in a research report on Tuesday, April 9th. They issued a "hold" rating and a $40.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $43.78.

Sensata Technologies Stock Up 2.6 %

The company has a quick ratio of 1.74, a current ratio of 2.64 and a debt-to-equity ratio of 1.14. The business has a fifty day simple moving average of $35.62 and a two-hundred day simple moving average of $34.75. The company has a market capitalization of $6.19 billion, a price-to-earnings ratio of -373.60, a P/E/G ratio of 0.97 and a beta of 1.32.

Sensata Technologies (NYSE:ST - Get Free Report) last posted its earnings results on Monday, April 29th. The scientific and technical instruments company reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.03. Sensata Technologies had a negative net margin of 0.35% and a positive return on equity of 17.58%. The company had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $986.51 million. During the same quarter in the previous year, the company posted $0.92 earnings per share. Sensata Technologies's quarterly revenue was up .9% compared to the same quarter last year. Equities analysts expect that Sensata Technologies Holding plc will post 3.75 EPS for the current year.

Sensata Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Tuesday, May 7th. Sensata Technologies's dividend payout ratio (DPR) is presently -436.32%.

Insider Buying and Selling

In other Sensata Technologies news, Director Ali John Mirshekari bought 73,137 shares of the stock in a transaction on Thursday, May 2nd. The stock was purchased at an average price of $39.17 per share, with a total value of $2,864,776.29. Following the acquisition, the director now owns 73,137 shares of the company's stock, valued at $2,864,776.29. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sensata Technologies

Several institutional investors and hedge funds have recently made changes to their positions in ST. Kodai Capital Management LP acquired a new position in Sensata Technologies in the 4th quarter worth $133,156,000. Eminence Capital LP acquired a new position in Sensata Technologies in the 4th quarter worth $46,794,000. AQR Capital Management LLC boosted its stake in Sensata Technologies by 172.5% in the 3rd quarter. AQR Capital Management LLC now owns 1,928,193 shares of the scientific and technical instruments company's stock worth $72,924,000 after purchasing an additional 1,220,599 shares during the period. Bank of New York Mellon Corp lifted its position in Sensata Technologies by 94.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,438,760 shares of the scientific and technical instruments company's stock worth $54,414,000 after buying an additional 700,717 shares in the last quarter. Finally, Westfield Capital Management Co. LP lifted its position in Sensata Technologies by 67.6% during the 4th quarter. Westfield Capital Management Co. LP now owns 1,489,729 shares of the scientific and technical instruments company's stock worth $55,969,000 after buying an additional 600,875 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company's stock.

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.