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

Sensata Technologies Holding plc (NYSE:ST) 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 traded.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Sensata Technologies in a research note on Tuesday, April 9th. They issued a “hold” rating and a $40.00 price objective for the company. Bank of America lowered Sensata Technologies from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $46.00 to $38.00 in a research note on Wednesday, February 7th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $36.00 price objective (down previously from $44.00) on shares of Sensata Technologies in a research note on Tuesday, April 9th. Oppenheimer upgraded Sensata Technologies from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research note on Tuesday, January 30th. Finally, Truist Financial lifted their price target on shares of Sensata Technologies from $36.00 to $46.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $43.78.

Sensata Technologies Price Performance

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

Sensata Technologies (NYSE:ST) last announced its 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 business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $986.51 million. During the same quarter in the previous year, the firm posted $0.92 EPS. Sensata Technologies’s revenue was up .9% compared to the same quarter last year. As a group, equities analysts anticipate that Sensata Technologies Holding plc will post 3.75 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

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

Hedge Funds Weigh In On Sensata Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Cary Street Partners Investment Advisory LLC raised its position in shares of Sensata Technologies by 1,389.8% in 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 buying an additional 681 shares in the last quarter. Principal Securities Inc. bought a new position in shares of Sensata Technologies in the 4th quarter worth $29,000. Parkside Financial Bank & Trust lifted its holdings in shares of 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 acquiring an additional 784 shares during the last quarter. Covestor Ltd grew its position 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 worth $47,000 after acquiring an additional 521 shares in the last quarter. Finally, TFO Wealth Partners LLC boosted its holdings in shares of Sensata Technologies by 17,818.8% in the 4th quarter. TFO Wealth Partners LLC now owns 2,867 shares of the scientific and technical instruments company’s stock worth $108,000 after purchasing an additional 2,851 shares in the last quarter. 99.42% of the stock is currently owned by 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.