Sensata Technologies (NYSE:ST) Trading Up 9.1% – What’s Next?

Shares of Sensata Technologies Holding plc (NYSE:ST) shot up 9.1% on Wednesday . The company traded as high as $28.12 and last traded at $28.02. 762,066 shares were traded during trading, a decline of 48% from the average session volume of 1,469,037 shares. The stock had previously closed at $25.68.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ST shares. UBS Group lowered their target price on shares of Sensata Technologies from $38.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday. Robert W. Baird dropped their price objective on Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Evercore ISI reduced their target price on Sensata Technologies from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, January 17th. TD Cowen dropped their price target on Sensata Technologies from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Finally, 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 note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $39.42.

Sensata Technologies Trading Up 9.2 %

The stock has a market capitalization of $4.19 billion, a PE ratio of -51.76, a price-to-earnings-growth ratio of 0.77 and a beta of 1.23. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.60. The business’s 50-day moving average is $28.11 and its two-hundred day moving average is $32.67.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.76. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.68%. As a group, equities research analysts anticipate that Sensata Technologies Holding plc will post 3.44 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.71%. Sensata Technologies’s dividend payout ratio (DPR) is presently -88.89%.

Institutional Investors Weigh In On Sensata Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. grew its holdings in Sensata Technologies by 738.7% in the fourth quarter. Blue Trust Inc. now owns 931 shares of the scientific and technical instruments company’s stock valued at $26,000 after purchasing an additional 820 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Sensata Technologies in the 4th quarter worth about $27,000. Quarry LP grew its stake in Sensata Technologies by 61.2% in the 3rd quarter. Quarry LP now owns 1,714 shares of the scientific and technical instruments company’s stock valued at $61,000 after acquiring an additional 651 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in Sensata Technologies by 67.6% during the 4th quarter. Venturi Wealth Management LLC now owns 2,026 shares of the scientific and technical instruments company’s stock valued at $56,000 after acquiring an additional 817 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its position in Sensata Technologies by 48.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,523 shares of the scientific and technical instruments company’s stock worth $69,000 after acquiring an additional 820 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

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.