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

Sensata Technologies Holding plc (NYSE:ST) was the target of some unusual options trading activity on Thursday. Investors purchased 7,422 call options on the company. This is an increase of 639% compared to the average volume of 1,005 call options.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group decreased their price target on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 1st. Bank of America dropped their target price on shares of Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. Vertical Research initiated coverage on shares of Sensata Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $55.00 price target on the stock. Evercore ISI dropped their price objective on shares of Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, JPMorgan Chase & Co. decreased their target price on shares of Sensata Technologies from $35.00 to $34.00 and set an “underweight” rating on the stock in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $43.40.

Sensata Technologies Stock Down 0.4 %

Shares of ST opened at $35.98 on Friday. The stock’s 50-day moving average price is $36.13 and its two-hundred day moving average price is $37.68. Sensata Technologies has a 12 month low of $30.56 and a 12 month high of $43.14. The company has a market capitalization of $5.43 billion, a PE ratio of 899.72, a PEG ratio of 1.44 and a beta of 1.25. The company has a current ratio of 1.77, a quick ratio of 1.31 and a debt-to-equity ratio of 1.06.

Sensata Technologies (NYSE:ST) last announced its earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.93 EPS 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 business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the business posted $0.97 earnings per share. The firm’s revenue was down 2.5% on a year-over-year basis. On average, analysts anticipate that Sensata Technologies will post 3.55 EPS for the current year.

Hedge Funds Weigh In On Sensata Technologies

A number of hedge funds have recently bought and sold shares of the company. Raymond James & Associates increased its holdings in Sensata Technologies by 148.4% in the third quarter. Raymond James & Associates now owns 194,149 shares of the scientific and technical instruments company’s stock worth $6,962,000 after purchasing an additional 115,986 shares in the last quarter. Sound Income Strategies LLC increased its stake in shares of Sensata Technologies by 9.0% in the 3rd quarter. Sound Income Strategies LLC now owns 72,467 shares of the scientific and technical instruments company’s stock valued at $2,599,000 after acquiring an additional 6,008 shares in the last quarter. CWM LLC lifted its position in shares of Sensata Technologies by 15.2% during the 3rd quarter. CWM LLC now owns 10,194 shares of the scientific and technical instruments company’s stock valued at $366,000 after acquiring an additional 1,347 shares during the period. Sanctuary Advisors LLC bought a new position in Sensata Technologies during the second quarter worth $957,000. Finally, Coronation Fund Managers Ltd. grew its holdings in Sensata Technologies by 4.6% in the second quarter. Coronation Fund Managers Ltd. now owns 180,008 shares of the scientific and technical instruments company’s stock worth $6,730,000 after purchasing an additional 7,915 shares during the period. Institutional investors own 99.42% of the company’s stock.

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.