Traders Buy Large Volume of Sensata Technologies Call Options (NYSE:ST)

Sensata Technologies Holding plc (NYSE:ST) was the recipient of some unusual options trading on Tuesday. Investors purchased 8,630 call options on the company. This is an increase of 539% compared to the typical daily volume of 1,351 call options.

Sensata Technologies Price Performance

NYSE ST opened at $27.40 on Wednesday. The company has a current ratio of 2.60, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. Sensata Technologies has a 12 month low of $26.65 and a 12 month high of $43.14. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of -50.74, a PEG ratio of 0.89 and a beta of 1.22. The company’s 50 day moving average is $31.42 and its two-hundred day moving average is $35.04.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings data on Monday, November 4th. The scientific and technical instruments company reported $0.86 EPS for the quarter, meeting the consensus estimate of $0.86. The firm had revenue of $982.80 million for the quarter, compared to the consensus estimate of $983.93 million. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. The company’s revenue was down 1.8% on a year-over-year basis. During the same period last year, the firm earned $0.91 EPS. As a group, research analysts anticipate that Sensata Technologies will post 3.43 earnings per share for the current year.

Sensata Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend was Wednesday, November 13th. Sensata Technologies’s dividend payout ratio (DPR) is -88.89%.

Institutional Trading of Sensata Technologies

Several institutional investors have recently made changes to their positions in ST. JPMorgan Chase & Co. grew its stake in Sensata Technologies by 66.7% during the third quarter. JPMorgan Chase & Co. now owns 660,568 shares of the scientific and technical instruments company’s stock valued at $23,688,000 after acquiring an additional 264,334 shares in the last quarter. 272 Capital LP bought a new position in shares of Sensata Technologies during the 3rd quarter valued at about $292,000. Franklin Resources Inc. grew its position in shares of Sensata Technologies by 3.7% during the third quarter. Franklin Resources Inc. now owns 11,442 shares of the scientific and technical instruments company’s stock valued at $418,000 after purchasing an additional 403 shares in the last quarter. Tidal Investments LLC increased its stake in Sensata Technologies by 1.1% in the 3rd quarter. Tidal Investments LLC now owns 29,346 shares of the scientific and technical instruments company’s stock worth $1,052,000 after acquiring an additional 314 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Sensata Technologies by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,520,062 shares of the scientific and technical instruments company’s stock worth $90,393,000 after acquiring an additional 24,707 shares in the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wolfe Research initiated coverage on shares of Sensata Technologies in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. Truist Financial dropped their price target on Sensata Technologies from $38.00 to $33.00 and set a “hold” rating on the stock in a research note on Tuesday, November 5th. Oppenheimer reduced their price objective on Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Stifel Nicolaus cut their price target on Sensata Technologies from $43.00 to $38.00 and set a “hold” rating for the company in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 5th. One investment 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 MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $41.00.

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.