Zacks Investment Research cut shares of Sensata Technologies (NYSE:ST) from a buy rating to a hold rating in a research note published on Saturday morning.
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 reports. Citigroup lifted their target price 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 lifted their target price 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 reaffirmed a buy rating and issued a $53.00 target price 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 report on Wednesday, December 13th. Finally, Stifel Nicolaus lifted their target price on Sensata Technologies from $55.00 to $60.00 and gave the company a buy rating in a research report on Wednesday, December 13th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $55.00.
Shares of Sensata Technologies (NYSE:ST) traded up $0.14 during trading hours on Friday, hitting $54.88. The company had a trading volume of 629,913 shares, compared to its average volume of 973,442. The company has a quick ratio of 2.04, a current ratio of 2.76 and a debt-to-equity ratio of 1.49. The firm has a market cap of $9,400.72, a P/E ratio of 17.76, a price-to-earnings-growth ratio of 1.54 and a beta of 1.47. Sensata Technologies has a 1 year low of $38.71 and a 1 year high of $55.90.
Sensata Technologies (NYSE:ST) last issued its quarterly earnings data on Tuesday, October 24th. The scientific and technical instruments company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.01. The firm had revenue of $819.10 million during the quarter, compared to the consensus estimate of $803.14 million. Sensata Technologies had a return on equity of 25.75% and a net margin of 9.39%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the company earned $0.74 EPS. sell-side analysts expect that Sensata Technologies will post 3.17 EPS for the current year.
In related news, Director Paul B. Edgerley acquired 200,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was acquired at an average price of $47.47 per share, for a total transaction of $9,494,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Jeffrey J. Cote sold 13,311 shares of Sensata Technologies stock in a transaction dated Tuesday, October 31st. The shares were 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 sold a total of 91,308 shares of company stock valued at $4,462,641 in the last quarter. Company insiders own 1.00% of the company’s stock.
A number of hedge funds have recently bought and sold shares of ST. Skba Capital Management LLC purchased a new stake in Sensata Technologies during the third quarter worth approximately $201,000. QCM Cayman Ltd. lifted its stake in Sensata Technologies by 1.4% during the second quarter. QCM Cayman Ltd. now owns 5,210 shares of the scientific and technical instruments company’s stock worth $223,000 after purchasing an additional 74 shares during the last quarter. Saturna Capital CORP purchased a new stake in Sensata Technologies during the third quarter worth approximately $249,000. BT Investment Management Ltd purchased a new stake in Sensata Technologies during the third quarter worth approximately $264,000. Finally, AHL Partners LLP purchased a new stake in Sensata Technologies during the second quarter worth approximately $298,000.
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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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