Short Interest in Sensata Technologies Holding N.V. (NYSE:ST) Grows By 28.3%

Sensata Technologies Holding N.V. (NYSE:ST) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 6,864,907 shares, a growth of 28.3% from the February 26th total of 5,349,820 shares. Currently, 4.8% of the company’s stock are short sold. Based on an average daily volume of 2,045,506 shares, the days-to-cover ratio is currently 3.4 days.

Sensata Technologies Stock Performance

ST stock traded up $1.82 during midday trading on Tuesday, reaching $35.21. 1,311,221 shares of the company were exchanged, compared to its average volume of 1,921,764. Sensata Technologies has a one year low of $17.32 and a one year high of $39.09. The firm has a market capitalization of $5.13 billion, a price-to-earnings ratio of 185.33, a price-to-earnings-growth ratio of 1.02 and a beta of 1.14. The business has a 50-day moving average price of $35.47 and a two-hundred day moving average price of $33.40. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.57 and a quick ratio of 1.78.

Sensata Technologies (NYSE:ST) last posted its earnings results on Saturday, February 14th. The scientific and technical instruments company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.02. The company had revenue of $917.88 million during the quarter, compared to analysts’ expectations of $911.03 million. Sensata Technologies had a net margin of 0.83% and a return on equity of 17.92%. Sensata Technologies’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.76 EPS. Equities research analysts forecast that Sensata Technologies will post 3.21 EPS for the current year.

Sensata Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, February 11th. This represents a $0.48 annualized dividend and a yield of 1.4%. Sensata Technologies’s dividend payout ratio (DPR) is 252.63%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ST shares. Barclays upped their price target on shares of Sensata Technologies from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. Truist Financial boosted their price objective on shares of Sensata Technologies from $35.00 to $38.00 and gave the stock a “hold” rating in a research note on Friday, February 20th. JPMorgan Chase & Co. upped their target price on shares of Sensata Technologies from $32.00 to $34.00 and gave the company an “underweight” rating in a report on Monday, February 23rd. Wells Fargo & Company raised their target price on shares of Sensata Technologies from $34.00 to $37.00 and gave the company an “equal weight” rating in a research note on Monday, January 12th. Finally, Bank of America lifted their price target on Sensata Technologies from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $40.20.

Insider Buying and Selling at Sensata Technologies

In other news, EVP Lynne J. Caljouw sold 2,496 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $37.53, for a total transaction of $93,674.88. Following the sale, the executive vice president owned 64,040 shares in the company, valued at $2,403,421.20. This represents a 3.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.89% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sensata Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. Rockefeller Capital Management L.P. boosted its stake in Sensata Technologies by 124.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,518 shares of the scientific and technical instruments company’s stock valued at $150,000 after purchasing an additional 2,504 shares during the period. Corient Private Wealth LLC lifted its holdings in shares of Sensata Technologies by 157.4% during the fourth quarter. Corient Private Wealth LLC now owns 41,202 shares of the scientific and technical instruments company’s stock worth $1,371,000 after buying an additional 25,193 shares in the last quarter. Rehmann Capital Advisory Group boosted its position in shares of Sensata Technologies by 21.7% in the fourth quarter. Rehmann Capital Advisory Group now owns 8,228 shares of the scientific and technical instruments company’s stock valued at $275,000 after acquiring an additional 1,469 shares during the period. Kera Capital Partners Inc. boosted its position in shares of Sensata Technologies by 59.0% in the fourth quarter. Kera Capital Partners Inc. now owns 17,057 shares of the scientific and technical instruments company’s stock valued at $590,000 after acquiring an additional 6,332 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Sensata Technologies by 16.5% in the fourth quarter. Invesco Ltd. now owns 349,544 shares of the scientific and technical instruments company’s stock valued at $11,636,000 after acquiring an additional 49,498 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

About Sensata Technologies

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.