Sensata Technologies Holding plc (ST) can make a big difference with a little luck

Sensata Technologies Holding plc (NYSE: ST) stock fell -0.15% on Thursday to $40.58 against a previous-day closing price of $40.64. With 0.58 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.94 million shares. During the session, the Scientific & Technical Instruments company that operates in wider Technology sector, reached to the highest price of $41.14 whereas the lowest price it dropped to was $40.28. The 52-week range on ST shows that it touched its highest point at $54.34 and its lowest point at $36.64 during that stretch. It currently has a 1-year price target of $56.18. With its current market cap of 6.25 billion, ST has annualized dividend of $0.48 while the current yield stands at 1.18%. Beta for the stock currently stands at 1.32.

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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 -2.78%, but this was down by -6.11% over a month. Three-month performance dropped to -18.90% while six-month performance fell -10.00%. The stock lost -10.20% in the past year, while it has gained 0.50% so far this year. A look at the trailing 12-month EPS for ST yields 2.43 with Next year EPS estimates of 4.33. For the next quarter, that number is 0.94. This implies an EPS growth rate of -12.70% for this year and 12.76% 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 0.50%.

Float and Shares Shorts:

At present, 152.52 million ST shares are outstanding with a float of 152.06 million shares on hand for trading. On May 14, 2023, short shares totaled 1.73 million, which was 1.13% higher than short shares on Apr 13, 2023. 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.

Institutional Ownership:

Through their ownership of 100.77% of ST’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 58.93% of ST, in contrast to 40.16% held by mutual funds. Shares owned by individuals account for 1.31%. As the largest shareholder in ST with 10.80% of the stake, Artisan Partners LP holds 16,469,632 shares worth 16,469,632. A second-largest stockholder of ST, The Vanguard Group, Inc., holds 14,263,870 shares, controlling over 9.35% of the firm’s shares. Select Equity Group LP is the third largest shareholder in ST, holding 9,467,745 shares or 6.21% stake. With a 5.69% stake in ST, the Artisan International Value Fund is the largest stakeholder. A total of 8,668,658 shares are owned by the mutual fund manager. The Janus Henderson Enterprise Fund, which owns about 4.62% of ST stock, is the second-largest Mutual Fund holder. It holds 7,037,320 shares valued at 305.77 million. Vanguard Total Stock Market ETF holds 3.11% of the stake in ST, owning 4,743,030 shares worth 206.08 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, ST reported revenue of $1.02B and operating income of $151.84M. The EBITDA in the recently reported quarter was $149.41M and diluted EPS was $0.22.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ST since 0 analysts follow the stock currently. 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 $78.00 and a low target of $50.00, the average target price over the next 12 months is $57.85. Based on these targets, ST could surge 92.21% to reach the target high and rise by 23.21% to reach the target low. Reaching the average price target will result in a growth of 42.56% 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.

Summary of Insider Activity:

Insiders traded ST stock several times over the past three months with 15 Buys and 8 Sells. In these transactions, 233,848 shares were bought while 98,966 shares were sold. The number of buy transactions has increased to 28 while that of sell transactions has risen to 13 over the past year. The total number of shares bought during that period was 548,558 while 379,449 shares were sold.

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