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. The firm currently has $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. “
Several other research analysts have also recently issued reports on the company. Morgan Stanley increased their price target on Sensata Technologies from $48.00 to $50.00 and gave the stock an equal weight rating in a research note on Wednesday, December 13th. BMO Capital Markets increased their price target on Sensata Technologies from $45.00 to $47.00 and gave the stock a market perform rating in a research note on Wednesday, December 13th. Citigroup raised their target price on Sensata Technologies from $49.00 to $55.00 and gave the company a neutral rating in a research note on Wednesday, October 25th. SunTrust Banks reaffirmed a hold rating and set a $54.00 target price on shares of Sensata Technologies in a research note on Friday, December 15th. Finally, Barclays raised their target price on Sensata Technologies from $52.00 to $53.00 and gave the company an overweight rating in a research note on Friday, October 20th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Sensata Technologies presently has a consensus rating of Buy and an average target price of $55.33.
Shares of Sensata Technologies (NYSE ST) traded up $1.38 on Friday, reaching $57.01. The company had a trading volume of 1,089,610 shares, compared to its average volume of 1,091,749. The company has a market cap of $9,535.63, a P/E ratio of 32.03, a P/E/G ratio of 1.56 and a beta of 1.47. The company has a debt-to-equity ratio of 1.49, a quick ratio of 2.04 and a current ratio of 2.76. Sensata Technologies has a 52-week low of $38.71 and a 52-week high of $57.22.
In other Sensata Technologies news, EVP Steven Beringhause sold 3,720 shares of the company’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $54.85, for a total value of $204,042.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Jeffrey J. Cote sold 13,311 shares of the company’s stock in a transaction dated 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. Over the last three months, insiders sold 91,308 shares of company stock valued at $4,462,641. Company insiders own 1.00% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Skba Capital Management LLC acquired a new position in shares of Sensata Technologies during the 3rd quarter valued at about $201,000. Tredje AP fonden increased its holdings in shares of Sensata Technologies by 174.7% during the 2nd quarter. Tredje AP fonden now owns 4,780 shares of the scientific and technical instruments company’s stock valued at $204,000 after acquiring an additional 3,040 shares during the last quarter. Aberdeen Asset Management PLC UK acquired a new position in shares of Sensata Technologies during the 2nd quarter valued at about $206,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Sensata Technologies during the 2nd quarter valued at about $216,000. Finally, QCM Cayman Ltd. grew its holdings in Sensata Technologies by 1.4% in the 2nd quarter. QCM Cayman Ltd. now owns 5,210 shares of the scientific and technical instruments company’s stock valued at $223,000 after buying an additional 74 shares during the last quarter.
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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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