Sensata Technologies Holding PLC (NYSE:ST) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 3,940,000 shares, a decrease of 21.7% from the September 30th total of 5,030,000 shares. Approximately 2.5% of the company’s shares are sold short. Based on an average daily trading volume, of 693,300 shares, the short-interest ratio is currently 5.7 days.

Shares of NYSE ST traded up $0.17 during mid-day trading on Thursday, hitting $52.25. The company had a trading volume of 324,289 shares, compared to its average volume of 808,460. The company has a market capitalization of $8.40 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 1.27 and a beta of 1.39. The firm has a 50-day simple moving average of $50.39 and a two-hundred day simple moving average of $47.88. The company has a current ratio of 3.14, a quick ratio of 2.33 and a debt-to-equity ratio of 1.25. Sensata Technologies has a one year low of $40.78 and a one year high of $54.72.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings data on Wednesday, October 30th. The scientific and technical instruments company reported $0.90 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.90. The company had revenue of $849.72 million during the quarter, compared to analysts’ expectations of $858.24 million. Sensata Technologies had a return on equity of 22.78% and a net margin of 14.00%. Sensata Technologies’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 EPS. Sell-side analysts expect that Sensata Technologies will post 3.54 earnings per share for the current fiscal year.

In other Sensata Technologies news, EVP Steven Beringhause sold 68,645 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $53.56, for a total transaction of $3,676,626.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Allisha Elliott sold 23,039 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $53.37, for a total value of $1,229,591.43. The disclosure for this sale can be found here. In the last 90 days, insiders sold 144,639 shares of company stock valued at $7,593,087. 2.00% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Nuveen Asset Management LLC acquired a new stake in Sensata Technologies in the 2nd quarter valued at about $27,302,000. AQR Capital Management LLC acquired a new stake in Sensata Technologies in the 2nd quarter valued at about $13,875,000. Impax Asset Management Group plc lifted its position in Sensata Technologies by 18.0% during the second quarter. Impax Asset Management Group plc now owns 1,424,936 shares of the scientific and technical instruments company’s stock worth $69,822,000 after acquiring an additional 217,835 shares during the last quarter. Schroder Investment Management Group lifted its position in Sensata Technologies by 23.2% during the second quarter. Schroder Investment Management Group now owns 993,341 shares of the scientific and technical instruments company’s stock worth $48,674,000 after acquiring an additional 186,944 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Sensata Technologies during the second quarter worth approximately $7,291,000. Institutional investors own 92.35% of the company’s stock.

ST has been the subject of a number of research reports. ValuEngine upgraded Sensata Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Compass Point cut Sensata Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Zacks Investment Research reiterated a “sell” rating on shares of Sensata Technologies in a report on Saturday, November 2nd. Morgan Stanley lowered their target price on Sensata Technologies from $45.00 to $44.00 and set an “underweight” rating for the company in a report on Wednesday, July 31st. Finally, SunTrust Banks set a $53.00 price objective on Sensata Technologies and gave the company a “hold” rating in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $52.48.

About Sensata Technologies

Sensata Technologies Holding plc, through its subsidiary, Sensata Technologies Holding N.V., develops, manufactures, and sells a range of sensors and controls in the Americas, Asia, Europe, and internationally. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment develops and manufactures pressure sensors, speed and position sensors, and temperature sensors.

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