Sensata Technologies (NYSE:ST) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday. They currently have a $58.00 price objective on the scientific and technical instruments company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 11.20% from the stock’s current price.
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. “
A number of other research firms have also recently issued reports on ST. JPMorgan Chase & Co. set a $60.00 target price on shares of Sensata Technologies and gave the company a “buy” rating in a research note on Wednesday, December 13th. Bank of America reiterated a “buy” rating and issued a $60.00 target price (up previously from $55.00) on shares of Sensata Technologies in a research note on Thursday, December 14th. Cowen reiterated a “hold” rating on shares of Sensata Technologies in a research note on Thursday, December 14th. SunTrust Banks reiterated a “hold” rating and issued a $54.00 target price on shares of Sensata Technologies in a research note on Friday, December 15th. Finally, Morgan Stanley lifted their target price on shares of Sensata Technologies from $48.00 to $50.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $54.92.
Sensata Technologies (NYSE:ST) last released its quarterly earnings data on Tuesday, October 24th. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.01. The company had revenue of $819.10 million for the quarter, compared to the consensus estimate of $803.14 million. Sensata Technologies had a return on equity of 25.75% and a net margin of 9.39%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.74 earnings per share. research analysts predict that Sensata Technologies will post 3.17 EPS for the current fiscal year.
In other news, EVP Steven Beringhause sold 7,588 shares of the business’s 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jeffrey J. Cote sold 13,311 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $49.03, for a total transaction of $652,638.33. The disclosure for this sale can be found here. Insiders have sold a total of 87,588 shares of company stock valued at $4,258,599 in the last ninety days. Company insiders own 1.00% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Skba Capital Management LLC acquired a new position in Sensata Technologies in the 3rd quarter worth $201,000. Tredje AP fonden boosted its stake in Sensata Technologies by 174.7% in the 2nd quarter. Tredje AP fonden now owns 4,780 shares of the scientific and technical instruments company’s stock worth $204,000 after purchasing an additional 3,040 shares during the period. Aberdeen Asset Management PLC UK acquired a new position in Sensata Technologies in the 2nd quarter worth $206,000. Cambridge Investment Research Advisors Inc. acquired a new position in Sensata Technologies in the 2nd quarter worth $216,000. Finally, Saturna Capital CORP bought a new stake in Sensata Technologies during the 3rd quarter worth about $249,000.
Sensata Technologies Company Profile
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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