Sensata Technologies Holding N.V. (NYSE:ST) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday, October 24th.
According to Zacks, “Sensata Technologies B.V., through its subsidiaries, is a supplier of sensing, electrical protection, control and power management solutions. The Company produces a range of sensors and controls for mission critical applications, such as thermal circuit breakers in aircraft, pressure sensors in automotive systems, and bimetal current and temperature control devices in electric motors. Sensata’s products include pressure sensors, force sensors, position sensors, motor protectors, and thermal and magnetic-hydraulic circuit breakers and switches. It develops solutions for specific customer requirements or applications across automotive, appliance, aircraft, industrial, military, heavy vehicle, heating, air-conditioning, data, telecommunications, recreational vehicle and marine applications. Sensata Technologies B.V. is based in Almelo, the Netherlands. “
Other equities research analysts have also recently issued reports about the company. BMO Capital Markets set a $42.00 price target on Sensata Technologies Holding N.V. and gave the company a “hold” rating in a report on Wednesday, July 26th. Barclays PLC reaffirmed an “overweight” rating and issued a $52.00 target price on shares of Sensata Technologies Holding N.V. in a research report on Friday, July 7th. SunTrust Banks, Inc. reissued a “buy” rating and set a $53.00 price target on shares of Sensata Technologies Holding N.V. in a research report on Thursday, October 12th. Cowen and Company reissued a “hold” rating and set a $45.00 price target on shares of Sensata Technologies Holding N.V. in a research report on Sunday, September 17th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $50.00 price objective (up previously from $46.00) on shares of Sensata Technologies Holding N.V. in a report on Wednesday, July 26th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $51.00.
Shares of Sensata Technologies Holding N.V. (NYSE ST) opened at $47.89 on Tuesday. The firm has a market capitalization of $8,206.81, a price-to-earnings ratio of 15.51, a PEG ratio of 1.51 and a beta of 1.46. Sensata Technologies Holding N.V. has a twelve month low of $36.32 and a twelve month high of $50.83. The company has a quick ratio of 2.04, a current ratio of 2.76 and a debt-to-equity ratio of 1.49.
Sensata Technologies Holding N.V. (NYSE:ST) last posted its quarterly earnings results on Tuesday, October 24th. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.01. The firm had revenue of $819.10 million for the quarter, compared to analyst estimates of $803.14 million. Sensata Technologies Holding N.V. had a return on equity of 25.75% and a net margin of 9.39%. Sensata Technologies Holding N.V.’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.74 earnings per share. analysts forecast that Sensata Technologies Holding N.V. will post 3.17 EPS for the current year.
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In related news, EVP Jeffrey J. Cote sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $48.38, for a total value of $1,935,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 80,000 shares of company stock valued at $3,870,245. 1.00% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the business. Huntington National Bank increased its position in shares of Sensata Technologies Holding N.V. by 6.0% in the second quarter. Huntington National Bank now owns 2,885 shares of the scientific and technical instruments company’s stock valued at $123,000 after acquiring an additional 164 shares during the period. Skba Capital Management LLC purchased a new position in shares of Sensata Technologies Holding N.V. during the third quarter valued at about $201,000. Tredje AP fonden increased its position in shares of Sensata Technologies Holding N.V. by 174.7% during the second quarter. Tredje AP fonden now owns 4,780 shares of the scientific and technical instruments company’s stock valued at $204,000 after buying an additional 3,040 shares during the period. Aberdeen Asset Management PLC UK purchased a new position in shares of Sensata Technologies Holding N.V. during the second quarter valued at about $206,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in shares of Sensata Technologies Holding N.V. during the second quarter valued at about $216,000.
Sensata Technologies Holding N.V. Company Profile
Sensata Technologies Holding N.V. is an industrial technology company. The Company is engaged in the development, manufacture, and sale of sensors and controls. The Company operates through two segments: Performance Sensing and Sensing Solutions. It produces a range of sensors and controls for applications, such as pressure sensors in automotive systems, thermal circuit breakers in aircraft, and bimetal current and temperature control devices.
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