Sensata Technologies Target of Unusually Large Options Trading (NYSE:ST)

Sensata Technologies Holding plc (NYSE:ST) saw some unusual options trading activity on Tuesday. Investors acquired 3,051 call options on the company. This represents an increase of approximately 125% compared to the average volume of 1,358 call options.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ST shares. Vertical Research began coverage on Sensata Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $55.00 target price on the stock. Truist Financial decreased their target price on Sensata Technologies from $46.00 to $38.00 and set a “hold” rating for the company in a report on Tuesday, July 30th. Bank of America cut their price target on shares of Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. Finally, Oppenheimer decreased their price objective on shares of Sensata Technologies from $50.00 to $47.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Sensata Technologies currently has an average rating of “Hold” and an average price target of $44.10.

Sensata Technologies Price Performance

ST opened at $36.52 on Thursday. Sensata Technologies has a twelve month low of $30.56 and a twelve month high of $43.14. The firm has a market cap of $5.51 billion, a price-to-earnings ratio of -331.97, a PEG ratio of 1.38 and a beta of 1.26. The company has a current ratio of 1.77, a quick ratio of 1.31 and a debt-to-equity ratio of 1.06. The company has a fifty day simple moving average of $37.91 and a 200 day simple moving average of $37.64.

Sensata Technologies (NYSE:ST) last announced its earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.93 earnings per share for the quarter, meeting the consensus estimate of $0.93. Sensata Technologies had a return on equity of 17.57% and a net margin of 0.21%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the firm earned $0.97 earnings per share. The company’s revenue was down 2.5% on a year-over-year basis. Equities research analysts expect that Sensata Technologies will post 3.57 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were paid a $0.12 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.31%. Sensata Technologies’s dividend payout ratio (DPR) is presently -436.32%.

Institutional Trading of Sensata Technologies

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Sensata Technologies by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 14,910,505 shares of the scientific and technical instruments company’s stock worth $560,188,000 after buying an additional 69,837 shares during the last quarter. Millennium Management LLC boosted its holdings in Sensata Technologies by 84.8% in the second quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company’s stock worth $189,158,000 after purchasing an additional 2,321,782 shares during the period. Dimensional Fund Advisors LP increased its stake in Sensata Technologies by 16.5% during the second quarter. Dimensional Fund Advisors LP now owns 4,643,665 shares of the scientific and technical instruments company’s stock valued at $173,627,000 after purchasing an additional 658,728 shares during the last quarter. Kodai Capital Management LP acquired a new stake in shares of Sensata Technologies during the fourth quarter worth $133,156,000. Finally, Eminence Capital LP lifted its position in shares of Sensata Technologies by 31.8% in the 2nd quarter. Eminence Capital LP now owns 3,423,317 shares of the scientific and technical instruments company’s stock worth $127,998,000 after buying an additional 826,353 shares during the last quarter. 99.42% of the stock is owned by institutional investors and hedge funds.

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.