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

Sensata Technologies Holding plc (NYSE:ST - Get Free Report) saw a large decrease in short interest in the month of 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 shares of the company are sold short.

Institutional Investors Weigh In On Sensata Technologies

A number of hedge funds have recently made changes to their positions in ST. CWM LLC grew its position in Sensata Technologies by 253.8% during the 3rd quarter. CWM LLC now owns 3,014 shares of the scientific and technical instruments company's stock worth $114,000 after acquiring an additional 2,162 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Sensata Technologies by 153.8% in the third quarter. SG Americas Securities LLC now owns 13,102 shares of the scientific and technical instruments company's stock valued at $496,000 after buying an additional 7,940 shares during the period. State of Alaska Department of Revenue acquired a new stake in Sensata Technologies during the 3rd quarter worth approximately $685,000. Asset Management One Co. Ltd. grew its holdings in Sensata Technologies by 1.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 64,151 shares of the scientific and technical instruments company's stock worth $2,426,000 after acquiring an additional 1,052 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Sensata Technologies by 9.5% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 57,386 shares of the scientific and technical instruments company's stock valued at $2,170,000 after acquiring an additional 5,000 shares during the period. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ST has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered Sensata Technologies from a "neutral" rating to an "underweight" rating and decreased their target price for the stock from $37.00 to $34.00 in a report on Monday, January 8th. Oppenheimer upgraded shares of Sensata Technologies from a "market perform" rating to an "outperform" rating and set a $50.00 price target on the stock in a research note on Tuesday, January 30th. Stifel Nicolaus cut their price objective on shares of Sensata Technologies from $40.00 to $36.00 and set a "hold" rating for the company in a research report on Wednesday, February 7th. Truist Financial decreased their target price on Sensata Technologies from $39.00 to $36.00 and set a "hold" rating on the stock in a research report on Wednesday, February 7th. Finally, Bank of America downgraded Sensata Technologies from a "buy" rating to a "neutral" rating and reduced their price target for the company from $46.00 to $38.00 in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $39.25.

Sensata Technologies Price Performance

Sensata Technologies stock traded up $0.70 during trading hours on Monday, reaching $35.68. 1,862,382 shares of the stock were exchanged, compared to its average volume of 1,985,621. The stock has a 50 day moving average of $35.06 and a two-hundred day moving average of $34.67. The company has a market cap of $5.37 billion, a P/E ratio of -708.26, a price-to-earnings-growth ratio of 0.85 and a beta of 1.37. The company has a current ratio of 2.55, a quick ratio of 1.69 and a debt-to-equity ratio of 1.13. Sensata Technologies has a twelve month low of $30.56 and a twelve month high of $47.41.

Sensata Technologies (NYSE:ST - Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The scientific and technical instruments company reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.86 by ($0.05). The firm had revenue of $992.50 million during 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%. The business's revenue was down 2.2% compared to the same quarter last year. During the same period last year, the business earned $0.96 earnings per share. Equities analysts expect that Sensata Technologies will post 3.72 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Tuesday, May 7th. Sensata Technologies's dividend payout ratio is presently -959.81%.

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.