Sensata Technologies Holding N.V. (ST) Upgraded to Strong-Buy at BidaskClub

Sensata Technologies Holding N.V. (NYSE:ST) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Wednesday, July 12th.

Several other research firms also recently issued reports on ST. Barclays PLC restated an “overweight” rating and set a $52.00 price objective on shares of Sensata Technologies Holding N.V. in a report on Friday, July 7th. Zacks Investment Research upgraded Sensata Technologies Holding N.V. from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Tuesday, April 25th. Cowen and Company assumed coverage on Sensata Technologies Holding N.V. in a report on Tuesday, March 21st. They set a “market perform” rating and a $45.00 price objective on the stock. Finally, Stifel Nicolaus restated a “buy” rating and set a $48.00 price objective on shares of Sensata Technologies Holding N.V. in a report on Wednesday, April 26th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $49.25.

Shares of Sensata Technologies Holding N.V. (NYSE:ST) traded up 0.23% during trading on Wednesday, reaching $44.03. The company had a trading volume of 948,132 shares. Sensata Technologies Holding N.V. has a 52-week low of $35.10 and a 52-week high of $47.24. The company has a market capitalization of $7.54 billion, a P/E ratio of 26.37 and a beta of 1.45. The firm has a 50-day moving average price of $44.26 and a 200-day moving average price of $42.22.

Sensata Technologies Holding N.V. (NYSE:ST) last posted its quarterly earnings data on Tuesday, July 25th. The scientific and technical instruments company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.03. Sensata Technologies Holding N.V. had a return on equity of 26.18% and a net margin of 8.91%. The company had revenue of $839.90 million for the quarter, compared to the consensus estimate of $835.09 million. During the same period in the previous year, the business earned $0.73 EPS. Sensata Technologies Holding N.V.’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, analysts predict that Sensata Technologies Holding N.V. will post $3.17 EPS for the current fiscal year.

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In other news, Director Thomas Wroe, Jr. sold 3,685 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $40.68, for a total value of $149,905.80. Following the completion of the sale, the director now directly owns 12,620 shares in the company, valued at approximately $513,381.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 137,790 shares of company stock valued at $6,197,882 over the last quarter. Company insiders own 1.00% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Huntington National Bank raised its position in Sensata Technologies Holding N.V. by 37.2% in the first quarter. Huntington National Bank now owns 2,721 shares of the scientific and technical instruments company’s stock worth $119,000 after buying an additional 738 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its position in Sensata Technologies Holding N.V. by 4.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,557 shares of the scientific and technical instruments company’s stock worth $186,000 after buying an additional 185 shares in the last quarter. Ledyard National Bank raised its position in Sensata Technologies Holding N.V. by 21.1% in the first quarter. Ledyard National Bank now owns 4,300 shares of the scientific and technical instruments company’s stock worth $188,000 after buying an additional 750 shares in the last quarter. Everett Harris & Co. CA bought a new position in Sensata Technologies Holding N.V. during the first quarter worth about $201,000. Finally, Janney Montgomery Scott LLC bought a new position in Sensata Technologies Holding N.V. during the first quarter worth about $204,000.

About Sensata Technologies Holding N.V.

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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