Wolfe Research started coverage on shares of Sensata Technologies (NYSE:ST) in a research note released on Tuesday morning, The Fly reports. The firm issued an outperform rating and a $57.00 price objective on the scientific and technical instruments company’s stock.
A number of other equities research analysts also recently commented on ST. Zacks Investment Research upgraded shares of Sensata Technologies from a sell rating to a hold rating in a report on Wednesday, July 31st. Longbow Research downgraded shares of Sensata Technologies from a buy rating to a neutral rating and set a $45.84 price target for the company. in a report on Monday, June 17th. Morgan Stanley lowered their price target on shares of Sensata Technologies from $45.00 to $44.00 and set an underweight rating for the company in a report on Wednesday, July 31st. Finally, SunTrust Banks set a $53.00 price target on shares of Sensata Technologies and gave the stock a hold rating in a report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $52.17.
Shares of NYSE ST opened at $48.51 on Tuesday. The company has a market cap of $7.54 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 1.08 and a beta of 1.41. Sensata Technologies has a 12 month low of $40.78 and a 12 month high of $52.33. The company has a debt-to-equity ratio of 1.24, a current ratio of 3.13 and a quick ratio of 2.35. The company has a 50-day simple moving average of $48.09 and a 200-day simple moving average of $47.39.
Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Tuesday, July 30th. The scientific and technical instruments company reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.01). The firm had revenue of $883.70 million for the quarter, compared to analysts’ expectations of $898.90 million. Sensata Technologies had a return on equity of 23.71% and a net margin of 16.16%. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.93 earnings per share. On average, analysts anticipate that Sensata Technologies will post 3.69 EPS for the current year.
In related news, SVP Paul Chawla sold 9,006 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $52.22, for a total value of $470,293.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steven Beringhause sold 26,483 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $50.64, for a total transaction of $1,341,099.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 64,572 shares of company stock valued at $3,179,321. 2.00% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ST. Nuveen Asset Management LLC purchased a new stake in Sensata Technologies during the second quarter worth approximately $27,302,000. FMR LLC grew its stake in Sensata Technologies by 5.5% during the first quarter. FMR LLC now owns 6,323,952 shares of the scientific and technical instruments company’s stock worth $284,704,000 after buying an additional 331,366 shares during the period. AQR Capital Management LLC purchased a new stake in Sensata Technologies during the second quarter worth approximately $13,875,000. Impax Asset Management Group plc grew its stake in Sensata Technologies by 18.0% during the second quarter. Impax Asset Management Group plc now owns 1,424,936 shares of the scientific and technical instruments company’s stock worth $69,822,000 after buying an additional 217,835 shares during the period. Finally, Schroder Investment Management Group grew its stake in Sensata Technologies by 23.2% during the second quarter. Schroder Investment Management Group now owns 993,341 shares of the scientific and technical instruments company’s stock worth $48,674,000 after buying an additional 186,944 shares during the period. Institutional investors own 91.29% of the company’s stock.
About Sensata Technologies
Sensata Technologies Holding plc, through its subsidiary, Sensata Technologies Holding N.V., develops, manufactures, and sells a range of sensors and controls in the Americas, Asia, Europe, and internationally. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment develops and manufactures pressure sensors, speed and position sensors, and temperature sensors.
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