Sensata Technologies (NYSE:ST) Shares Gap Up to $40.07

Sensata Technologies Holding plc (NYSE:ST)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $40.07, but opened at $41.90. Sensata Technologies shares last traded at $41.19, with a volume of 562,093 shares.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ST. Truist Financial boosted their price objective on Sensata Technologies from $36.00 to $46.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Evercore ISI raised shares of Sensata Technologies from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $44.00 to $60.00 in a research report on Monday. Bank of America downgraded shares of Sensata Technologies from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $46.00 to $38.00 in a research note on Wednesday, February 7th. The Goldman Sachs Group restated a “neutral” rating and issued a $36.00 price target (down previously from $44.00) on shares of Sensata Technologies in a research report on Tuesday, April 9th. Finally, Stifel Nicolaus lifted their target price on Sensata Technologies from $36.00 to $43.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Sensata Technologies presently has a consensus rating of “Hold” and a consensus target price of $43.78.

Sensata Technologies Price Performance

The stock has a market cap of $6.18 billion, a price-to-earnings ratio of -364.24, a PEG ratio of 0.97 and a beta of 1.32. The company’s 50 day moving average is $35.49 and its 200 day moving average is $34.71. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.64 and a quick ratio of 1.74.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Monday, April 29th. The scientific and technical instruments company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.86 by $0.03. Sensata Technologies had a negative net margin of 0.35% and a positive return on equity of 17.58%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $986.51 million. Sensata Technologies’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.92 earnings per share. Research analysts forecast that Sensata Technologies Holding plc will post 3.75 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.48 annualized dividend and a yield of 1.17%. Sensata Technologies’s dividend payout ratio is currently -436.32%.

Hedge Funds Weigh In On Sensata Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC lifted its stake in Sensata Technologies by 1,389.8% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 730 shares of the scientific and technical instruments company’s stock worth $28,000 after purchasing an additional 681 shares during the last quarter. Principal Securities Inc. acquired a new stake in Sensata Technologies during the fourth quarter worth about $29,000. Parkside Financial Bank & Trust grew its stake in Sensata Technologies by 761.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 887 shares of the scientific and technical instruments company’s stock worth $33,000 after buying an additional 784 shares during the last quarter. Covestor Ltd lifted its stake in Sensata Technologies by 71.6% in the third quarter. Covestor Ltd now owns 1,249 shares of the scientific and technical instruments company’s stock valued at $47,000 after buying an additional 521 shares during the last quarter. Finally, TFO Wealth Partners LLC boosted its holdings in shares of Sensata Technologies by 17,818.8% during the fourth quarter. TFO Wealth Partners LLC now owns 2,867 shares of the scientific and technical instruments company’s stock valued at $108,000 after acquiring an additional 2,851 shares during the period. 99.42% of the stock is owned by hedge funds and other institutional investors.

About Sensata Technologies

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.