Sensata Technologies (ST) Cut to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Sensata Technologies (NYSE:ST) from a buy rating to a hold rating in a research report released on Friday, January 5th. They currently have $58.00 target price on the scientific and technical instruments company’s stock.

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. “

ST has been the subject of several other research reports. Citigroup boosted their price objective on Sensata Technologies from $49.00 to $55.00 and gave the company a neutral rating in a research report on Wednesday, October 25th. Barclays boosted their price objective on Sensata Technologies from $52.00 to $53.00 and gave the company an overweight rating in a research report on Friday, October 20th. SunTrust Banks reiterated a buy rating and issued a $53.00 price objective on shares of Sensata Technologies in a research report on Thursday, October 12th. JPMorgan Chase & Co. set a $60.00 target price on Sensata Technologies and gave the company a buy rating in a research note on Wednesday, December 13th. Finally, Stifel Nicolaus boosted their target price on Sensata Technologies from $55.00 to $60.00 and gave the company a buy rating in a research note on Wednesday, December 13th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $55.00.

Shares of Sensata Technologies (NYSE:ST) traded up $0.81 during mid-day trading on Friday, reaching $54.16. The company’s stock had a trading volume of 1,033,172 shares, compared to its average volume of 999,080. 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 has a 12-month low of $38.71 and a 12-month high of $54.21. The company has a market capitalization of $9,138.66, a P/E ratio of 30.43, a P/E/G ratio of 1.50 and a beta of 1.47.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings data on Tuesday, October 24th. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.01. Sensata Technologies had a return on equity of 25.75% and a net margin of 9.39%. The firm had revenue of $819.10 million during the quarter, compared to the consensus estimate of $803.14 million. During the same quarter in the previous year, the company posted $0.74 earnings per share. The business’s revenue was up 3.7% on a year-over-year basis. equities analysts forecast that Sensata Technologies will post 3.17 EPS for the current year.

In other news, EVP Steven Beringhause sold 7,588 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $51.18, for a total transaction of $388,353.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Jeffrey J. Cote sold 13,311 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $49.03, for a total value of $652,638.33. The disclosure for this sale can be found here. Insiders have sold 87,588 shares of company stock worth $4,258,599 over the last three months. Insiders own 1.00% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Appleton Partners Inc. MA purchased a new stake in Sensata Technologies in the fourth quarter worth $2,387,000. American National Bank grew its stake in Sensata Technologies by 6.4% in the fourth quarter. American National Bank now owns 77,989 shares of the scientific and technical instruments company’s stock worth $3,986,000 after purchasing an additional 4,667 shares during the period. New England Research & Management Inc. purchased a new stake in Sensata Technologies in the fourth quarter worth $491,000. AXA grew its stake in Sensata Technologies by 26.0% in the third quarter. AXA now owns 867,598 shares of the scientific and technical instruments company’s stock worth $41,706,000 after purchasing an additional 179,265 shares during the period. Finally, Crestwood Advisors Group LLC grew its stake in Sensata Technologies by 1.0% in the third quarter. Crestwood Advisors Group LLC now owns 261,101 shares of the scientific and technical instruments company’s stock worth $12,551,000 after purchasing an additional 2,541 shares during the period.

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About Sensata Technologies

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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