Sensata Technologies Holding plc (NYSE: ST) stock fell -1.87% on Friday to $39.88 against a previous-day closing price of $40.64. With 1.35 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.28 million shares. During the session, the Scientific & Technical Instruments company that operates in wider Technology sector, reached to the highest price of $41.40 whereas the lowest price it dropped to was $39.87. The 52-week range on ST shows that it touched its highest point at $65.58 and its lowest point at $38.31 during that stretch. It currently has a 1-year price target of $51.29. With its current market cap of 6.26 billion, ST has annualized dividend of $0.44 while the current yield stands at 1.10%. Beta for the stock currently stands at 1.30.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ST was down-trending over the past week, with a drop of -2.92%, but this was down by -5.97% over a month. Three-month performance dropped to -5.90% while six-month performance fell -24.33%. The stock lost -27.16% in the past year, while it has lost -35.35% so far this year. A look at the trailing 12-month EPS for ST yields 1.60 with Next year EPS estimates of 3.96. For the next quarter, that number is 0.85. This implies an EPS growth rate of 130.10% for this year and 18.18% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 8.30%.
Float and Shares Shorts:
At present, 156.48 million ST shares are outstanding with a float of 154.35 million shares on hand for trading. On Jul 14, 2022, short shares totaled 3.34 million, which was 2.13% higher than short shares on Jun 14, 2022. In addition to Mr. Jeffrey J. Cote CPA as the firm’s Pres, CEO & Director, Mr. Paul S. Vasington serves as its Exec. VP & CFO.
Through their ownership of 108.48% of ST’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 64.06% of ST, in contrast to 37.57% held by mutual funds. Shares owned by individuals account for 1.34%. As the largest shareholder in ST with 10.98% of the stake, Artisan Partners LP holds 17,039,254 shares worth 17,039,254. A second-largest stockholder of ST, The Vanguard Group, Inc., holds 13,931,694 shares, controlling over 8.97% of the firm’s shares. Select Equity Group LP is the third largest shareholder in ST, holding 9,902,793 shares or 6.38% stake. With a 5.72% stake in ST, the Artisan International Value Fund is the largest stakeholder. A total of 8,886,635 shares are owned by the mutual fund manager. The Janus Henderson Enterprise Fund, which owns about 4.53% of ST stock, is the second-largest Mutual Fund holder. It holds 7,037,320 shares valued at 283.46 million. Vanguard Total Stock Market Index holds 2.99% of the stake in ST, owning 4,641,750 shares worth 186.97 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ST since 18 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 8 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ST analysts setting a high price target of $71.00 and a low target of $42.00, the average target price over the next 12 months is $51.75. Based on these targets, ST could surge 78.03% to reach the target high and rise by 5.32% to reach the target low. Reaching the average price target will result in a growth of 29.76% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. ST will report FY 2022 earnings on 01/31/2023. Analysts have provided yearly estimates in a range of $3.40 being high and $3.20 being low. For ST, this leads to a yearly average estimate of $3.35. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Sensata Technologies Holding plc surprised analysts by -$0.00 when it reported $0.83 EPS against a consensus estimate of $0.83. The surprise factor in the prior quarter was $0.02. Based on analyst estimates, the high estimate for the next quarter is $0.87 and the low estimate is $0.80. The average estimate for the next quarter is thus $0.85.
Summary of Insider Activity:
Insiders traded ST stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 28 while that of sell transactions has risen to 20 over the past year. The total number of shares bought during that period was 426,820 while 341,681 shares were sold.