Zacks Investment Research downgraded shares of Sensata Technologies (NYSE:ST) from a buy rating to a hold rating in a research report released on Saturday, January 20th.
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 research reports about the company. Cowen restated a hold rating on shares of Sensata Technologies in a research note on Thursday, December 14th. Morgan Stanley upped 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 objective on Sensata Technologies from $45.00 to $47.00 and gave the stock a market perform rating in a research report on Wednesday, December 13th. Oppenheimer reiterated a buy rating on shares of Sensata Technologies in a research report on Tuesday, October 24th. Finally, SunTrust Banks reiterated a hold rating and issued a $54.00 price objective on shares of Sensata Technologies in a research report on Friday, December 15th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $57.00.
Sensata Technologies (NYSE ST) opened at $51.99 on Friday. Sensata Technologies has a 52-week low of $38.71 and a 52-week high of $57.40. The company has a market capitalization of $8,940.00, a PE ratio of 21.94, a PEG ratio of 1.40 and a beta of 1.52. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.23 and a current ratio of 2.94.
Sensata Technologies (NYSE:ST) last issued its quarterly earnings data on Thursday, February 1st. The scientific and technical instruments company reported $0.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.02. Sensata Technologies had a return on equity of 25.40% and a net margin of 12.35%. The company had revenue of $840.53 million during the quarter, compared to analysts’ expectations of $822.31 million. During the same quarter in the previous year, the business earned $0.76 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. research analysts predict that Sensata Technologies will post 3.65 EPS for the current year.
In other news, EVP Steven Beringhause sold 3,720 shares of the firm’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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul B. Edgerley acquired 200,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was purchased at an average price of $47.47 per share, for a total transaction of $9,494,000.00. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC raised its holdings in shares of Sensata Technologies by 58,991.8% during the 2nd quarter. Janus Henderson Group PLC now owns 15,101,502 shares of the scientific and technical instruments company’s stock valued at $645,136,000 after buying an additional 15,075,946 shares during the period. BlackRock Inc. raised its holdings in shares of Sensata Technologies by 68.4% during the 2nd quarter. BlackRock Inc. now owns 8,293,010 shares of the scientific and technical instruments company’s stock valued at $354,278,000 after buying an additional 3,369,088 shares during the period. State Street Corp raised its holdings in shares of Sensata Technologies by 106.4% during the 2nd quarter. State Street Corp now owns 3,204,903 shares of the scientific and technical instruments company’s stock valued at $136,915,000 after buying an additional 1,652,112 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Sensata Technologies by 18.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 4,720,010 shares of the scientific and technical instruments company’s stock valued at $201,639,000 after buying an additional 725,786 shares during the period. Finally, New York State Common Retirement Fund raised its holdings in shares of Sensata Technologies by 117.2% during the 2nd quarter. New York State Common Retirement Fund now owns 1,022,990 shares of the scientific and technical instruments company’s stock valued at $43,702,000 after buying an additional 551,919 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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