Sensata Technologies Holding N.V. (NYSE:ST) Short Interest Update

Key Points

• Short interest jumped 12.8% in April to 7,313,264 shares (about 5.1% of the float), leaving a days-to-cover ratio of roughly 5.0 days.
• An insider reduction: EVP Lynne J. Caljouw sold 2,913 shares (about $101k) on April 7, and insiders have sold 7,889 shares in the last 90 days while owning just 0.89% of the company.
• Analysts hold a consensus rating of "Hold" with a $43.10 price target; the company posted $0.86 EPS on $934.8M revenue last quarter and declared a $0.12 quarterly dividend (1.2% yield) with a 154.84% payout ratio.

Sensata Technologies Holding N.V. (NYSE:ST - Get Free Report) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 7,313,264 shares, a growth of 12.8% from the March 31st total of 6,484,576 shares. Approximately 5.1% of the shares of the company are short sold. Based on an average daily trading volume, of 1,470,770 shares, the days-to-cover ratio is presently 5.0 days.

Insiders Place Their Bets

In related news, EVP Lynne J. Caljouw sold 2,913 shares of Sensata Technologies stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $34.71, for a total value of $101,110.23. Following the sale, the executive vice president directly owned 72,842 shares in the company, valued at $2,528,345.82. This trade represents a 3.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 7,889 shares of company stock valued at $280,345. Company insiders own 0.89% of the company's stock.

Institutional Investors Weigh In On Sensata Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. CIBC Private Wealth Group LLC raised its position in Sensata Technologies by 700.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 832 shares of the scientific and technical instruments company's stock worth $28,000 after acquiring an additional 728 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Sensata Technologies by 659.7% in the third quarter. Smartleaf Asset Management LLC now owns 904 shares of the scientific and technical instruments company's stock valued at $27,000 after buying an additional 785 shares in the last quarter. Root Financial Partners LLC increased its holdings in shares of Sensata Technologies by 62.5% in the first quarter. Root Financial Partners LLC now owns 913 shares of the scientific and technical instruments company's stock valued at $32,000 after buying an additional 351 shares in the last quarter. First Horizon Corp bought a new position in shares of Sensata Technologies in the third quarter valued at $29,000. Finally, EFG International AG bought a new position in shares of Sensata Technologies in the fourth quarter valued at $33,000. 99.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Weiss Ratings raised Sensata Technologies from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, March 2nd. Truist Financial lifted their price target on Sensata Technologies from $38.00 to $43.00 and gave the company a "hold" rating in a report on Wednesday. Bank of America lifted their price target on Sensata Technologies from $37.00 to $40.00 and gave the company a "neutral" rating in a report on Friday, February 20th. JPMorgan Chase & Co. lifted their price objective on shares of Sensata Technologies from $32.00 to $34.00 and gave the company an "underweight" rating in a research note on Monday, February 23rd. Finally, Wells Fargo & Company lifted their price objective on shares of Sensata Technologies from $37.00 to $42.00 and gave the company an "equal weight" rating in a research note on Wednesday. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $43.10.

Sensata Technologies Price Performance

Shares of NYSE:ST opened at $41.72 on Friday. Sensata Technologies has a 12 month low of $21.29 and a 12 month high of $42.55. The stock has a market cap of $6.08 billion, a price-to-earnings ratio of 134.59, a PEG ratio of 1.15 and a beta of 1.14. The stock's 50 day moving average price is $36.89 and its 200 day moving average price is $34.63. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.75 and a quick ratio of 1.78.

Sensata Technologies (NYSE:ST - Get Free Report) last announced its earnings results on Tuesday, March 31st. The scientific and technical instruments company reported $0.86 EPS for the quarter. Sensata Technologies had a return on equity of 18.23% and a net margin of 1.28%.The firm had revenue of $934.80 million for the quarter. Equities research analysts anticipate that Sensata Technologies will post 3.68 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th will be given a $0.12 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $0.48 annualized dividend and a yield of 1.2%. Sensata Technologies's payout ratio is 154.84%.

Sensata Technologies Company Profile

Sensata Technologies Holdings N.V. is a global industrial technology company specializing in the design, development and manufacture of sensors and electrical protection solutions. The company's product portfolio includes pressure, temperature, position, speed, current and magnetic sensors, as well as circuit breakers and other protection devices. Sensata's offerings serve a wide array of end markets, with a particularly strong presence in automotive original equipment manufacturers (OEMs), industrial automation, heating, ventilation and air conditioning (HVAC), commercial aerospace and renewable energy sectors.

Headquartered in Attleboro, Massachusetts, Sensata operates a network of manufacturing and engineering facilities across North America, Europe, Asia Pacific and Latin America.

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