Zacks Investment Research Downgrades Sensata Technologies (NYSE:ST) to Hold

Zacks Investment Research downgraded shares of Sensata Technologies (NYSE:ST) from a buy rating to a hold rating in a report issued on Tuesday, January 30th.

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 analysts also recently issued reports on the stock. Oppenheimer reaffirmed a buy rating on shares of Sensata Technologies in a report on Tuesday, October 24th. SunTrust Banks downgraded shares of Sensata Technologies from a buy rating to a hold rating in a report on Friday, December 1st. Cowen reissued a hold rating on shares of Sensata Technologies in a research report on Thursday, December 14th. Stifel Nicolaus reissued a buy rating and issued a $55.00 price objective on shares of Sensata Technologies in a research report on Thursday, October 26th. Finally, Royal Bank of Canada reissued a buy rating and issued a $55.00 price objective on shares of Sensata Technologies in a research report on Wednesday, December 13th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $57.00.

Shares of Sensata Technologies (NYSE ST) opened at $51.96 on Tuesday. The company has a market cap of $8,911.69, a PE ratio of 21.92, a P/E/G ratio of 1.42 and a beta of 1.52. Sensata Technologies has a fifty-two week low of $38.71 and a fifty-two week high of $57.40. The company has a current ratio of 2.94, a quick ratio of 2.23 and a debt-to-equity ratio of 1.39.

Sensata Technologies (NYSE:ST) last released its quarterly earnings data on Thursday, February 1st. The scientific and technical instruments company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. Sensata Technologies had a net margin of 12.35% and a return on equity of 25.40%. The firm had revenue of $840.53 million for the quarter, compared to the consensus estimate of $822.31 million. During the same quarter in the previous year, the firm earned $0.76 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. analysts forecast that Sensata Technologies will post 3.65 EPS for the current year.

In other news, EVP Steven Beringhause sold 7,588 shares of the stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $51.18, for a total value of $388,353.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul B. Edgerley acquired 200,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was acquired at an average cost of $47.47 per share, with a total value of $9,494,000.00. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Taylor Cottrill Erickson & Associates Inc. boosted its stake in shares of Sensata Technologies by 25.8% in the third quarter. Taylor Cottrill Erickson & Associates Inc. now owns 24,275 shares of the scientific and technical instruments company’s stock valued at $1,167,000 after purchasing an additional 4,975 shares during the period. Swiss National Bank boosted its stake in Sensata Technologies by 1.2% during the 3rd quarter. Swiss National Bank now owns 630,250 shares of the scientific and technical instruments company’s stock valued at $30,296,000 after acquiring an additional 7,700 shares during the last quarter. Schroder Investment Management Group boosted its stake in Sensata Technologies by 22.2% during the 3rd quarter. Schroder Investment Management Group now owns 631,867 shares of the scientific and technical instruments company’s stock valued at $29,989,000 after acquiring an additional 114,867 shares during the last quarter. British Airways Pensions Investment Management Ltd bought a new position in Sensata Technologies during the 3rd quarter valued at $15,458,000. Finally, Russell Investments Group Ltd. boosted its stake in Sensata Technologies by 13.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 984,131 shares of the scientific and technical instruments company’s stock valued at $47,305,000 after acquiring an additional 119,913 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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