Sensata Technologies Holding plc (NYSE:ST) Short Interest Down 13.5% in February

Sensata Technologies Holding plc (NYSE:ST) was the target of a large drop in short interest in February. As of February 15th, there was short interest totalling 3,470,000 shares, a drop of 13.5% from the January 31st total of 4,010,000 shares. Based on an average daily volume of 1,720,000 shares, the short-interest ratio is currently 2.0 days. Approximately 2.4% of the company’s stock are short sold.

Hedge Funds Weigh In On Sensata Technologies

Several large investors have recently bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Sensata Technologies during the 4th quarter valued at about $1,075,000. Mackenzie Financial Corp increased its stake in Sensata Technologies by 1.5% during the 4th quarter. Mackenzie Financial Corp now owns 1,217,602 shares of the scientific and technical instruments company’s stock valued at $33,362,000 after buying an additional 17,575 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Sensata Technologies by 17.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 450,912 shares of the scientific and technical instruments company’s stock valued at $12,355,000 after buying an additional 65,607 shares during the period. Voloridge Investment Management LLC acquired a new position in Sensata Technologies during the 4th quarter valued at about $11,284,000. Finally, Woodline Partners LP grew its stake in shares of Sensata Technologies by 65.2% in the 4th quarter. Woodline Partners LP now owns 2,277,826 shares of the scientific and technical instruments company’s stock worth $62,412,000 after purchasing an additional 898,835 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

Sensata Technologies Stock Up 2.2 %

ST stock opened at $27.11 on Thursday. The company has a quick ratio of 1.99, a current ratio of 2.85 and a debt-to-equity ratio of 1.11. Sensata Technologies has a fifty-two week low of $24.91 and a fifty-two week high of $43.14. The firm’s 50-day simple moving average is $27.92 and its 200 day simple moving average is $31.83. The stock has a market cap of $4.05 billion, a PE ratio of 32.27, a price-to-earnings-growth ratio of 1.25 and a beta of 1.23.

Sensata Technologies (NYSE:ST) last released its quarterly earnings data on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.76. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. As a group, sell-side analysts predict that Sensata Technologies will post 3.21 EPS for the current year.

Sensata Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.12 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.48 annualized dividend and a yield of 1.77%. Sensata Technologies’s payout ratio is 57.14%.

Analyst Ratings Changes

A number of research firms have commented on ST. Oppenheimer reduced their price objective on shares of Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. The Goldman Sachs Group reduced their price objective on shares of Sensata Technologies from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Evercore ISI reduced their price objective on shares of Sensata Technologies from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. UBS Group reduced their price objective on shares of Sensata Technologies from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Finally, TD Cowen reduced their price objective on shares of Sensata Technologies from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $39.08.

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.