Sensata Technologies (NYSE:ST) Trading 9.1% Higher – Here’s What Happened

Sensata Technologies Holding plc (NYSE:ST)’s stock price shot up 9.1% during trading on Wednesday . The company traded as high as $28.12 and last traded at $28.02. 762,066 shares were traded during mid-day 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

A number of brokerages recently commented on ST. Stifel Nicolaus reduced their price objective on shares of Sensata Technologies from $43.00 to $38.00 and set a “hold” rating for the company in a research note on Tuesday, November 5th. Truist Financial reduced their price objective on shares of Sensata Technologies from $38.00 to $33.00 and set a “hold” rating for the company in a research note on Tuesday, November 5th. JPMorgan Chase & Co. reduced their price objective on shares of Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating for the company in a research note on Tuesday, November 5th. TD Cowen decreased their price target on shares of Sensata Technologies from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group decreased their price target on shares of Sensata Technologies from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Sensata Technologies presently has a consensus rating of “Hold” and a consensus target price of $39.08.

Sensata Technologies Stock Up 2.9 %

The company has a debt-to-equity ratio of 1.08, a current ratio of 2.60 and a quick ratio of 1.76. The business’s 50 day moving average is $28.03 and its 200 day moving average is $32.63.

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, meeting 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 forecast that Sensata Technologies Holding plc will post 3.44 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Wednesday, February 12th. Sensata Technologies’s payout ratio is -88.89%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC raised its stake in shares of Sensata Technologies by 0.5% in the third quarter. Janus Henderson Group PLC now owns 9,722,999 shares of the scientific and technical instruments company’s stock worth $348,666,000 after purchasing an additional 45,513 shares during the last quarter. Boston Partners lifted its position in Sensata Technologies by 11.6% during the fourth quarter. Boston Partners now owns 6,526,941 shares of the scientific and technical instruments company’s stock valued at $179,087,000 after purchasing an additional 677,316 shares during the period. Dimensional Fund Advisors LP lifted its position in Sensata Technologies by 12.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,808,186 shares of the scientific and technical instruments company’s stock valued at $159,143,000 after purchasing an additional 648,028 shares during the period. State Street Corp lifted its position in Sensata Technologies by 0.4% during the third quarter. State Street Corp now owns 5,470,903 shares of the scientific and technical instruments company’s stock valued at $196,187,000 after purchasing an additional 23,946 shares during the period. Finally, FMR LLC lifted its position in Sensata Technologies by 18.9% during the third quarter. FMR LLC now owns 3,895,776 shares of the scientific and technical instruments company’s stock valued at $139,703,000 after purchasing an additional 618,202 shares during the period. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

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.