Investors Buy Large Volume of Sensata Technologies Call Options (NYSE:ST)

Sensata Technologies Holding plc (NYSE:ST) was the target of some unusual options trading activity on Tuesday. Investors purchased 8,630 call options on the stock. This represents an increase of approximately 539% compared to the average volume of 1,351 call options.

Institutional Trading of Sensata Technologies

Institutional investors have recently modified their holdings of the stock. Quarry LP lifted its holdings in shares of Sensata Technologies by 227.1% in the 2nd quarter. Quarry LP now owns 1,063 shares of the scientific and technical instruments company’s stock valued at $40,000 after purchasing an additional 738 shares during the last quarter. Assetmark Inc. lifted its stake in Sensata Technologies by 19.0% in the third quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company’s stock valued at $93,000 after buying an additional 416 shares during the last quarter. nVerses Capital LLC purchased a new position in shares of Sensata Technologies during the second quarter worth approximately $131,000. Canada Pension Plan Investment Board acquired a new position in shares of Sensata Technologies in the 2nd quarter valued at $142,000. Finally, Capstone Investment Advisors LLC purchased a new stake in Sensata Technologies in the 3rd quarter valued at $237,000. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Sensata Technologies Trading Up 1.0 %

Shares of NYSE:ST opened at $27.40 on Thursday. Sensata Technologies has a 52 week low of $26.65 and a 52 week high of $43.14. The company’s 50 day moving average is $31.27 and its two-hundred day moving average is $34.99. The company has a market cap of $4.10 billion, a PE ratio of -50.74, a P/E/G ratio of 0.89 and a beta of 1.22. The company has a current ratio of 2.60, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.86. The company had revenue of $982.80 million for the quarter, compared to analysts’ expectations of $983.93 million. Sensata Technologies had a positive return on equity of 17.68% and a negative net margin of 1.98%. Sensata Technologies’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period last year, the firm earned $0.91 earnings per share. Equities analysts predict that Sensata Technologies will post 3.43 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.48 annualized dividend and a yield of 1.75%. Sensata Technologies’s dividend payout ratio is currently -88.89%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ST shares. Wolfe Research initiated coverage on Sensata Technologies in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Evercore ISI decreased their price objective on Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating on the stock in a report on Tuesday, October 15th. JPMorgan Chase & Co. dropped their price objective on Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating for the company in a research note on Tuesday, November 5th. Truist Financial cut their price target on shares of Sensata Technologies from $38.00 to $33.00 and set a “hold” rating on the stock in a research note on Tuesday, November 5th. Finally, UBS Group lowered their price objective on shares of Sensata Technologies from $44.00 to $39.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $41.00.

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.