Sensata Technologies (ST) Raised to “Buy” at Zacks Investment Research

Sensata Technologies (NYSE:ST) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The firm presently has a $59.00 target price on the scientific and technical instruments company’s stock. Zacks Investment Research‘s target price points to a potential upside of 12.60% from the stock’s previous close.

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 issued reports about the stock. Cowen reiterated a “hold” rating on shares of Sensata Technologies in a report on Thursday, December 14th. Morgan Stanley increased their target price on shares of Sensata Technologies from $48.00 to $50.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. Oppenheimer reiterated a “buy” rating on shares of Sensata Technologies in a report on Tuesday, October 24th. BMO Capital Markets increased their target price on shares of Sensata Technologies from $45.00 to $47.00 and gave the stock a “market perform” rating in a report on Wednesday, December 13th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $54.00 target price on shares of Sensata Technologies in a report on Friday, December 15th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $55.00.

Shares of Sensata Technologies (NYSE ST) traded down $0.10 during midday trading on Wednesday, reaching $52.40. 891,000 shares of the company traded hands, compared to its average volume of 1,591,333. Sensata Technologies has a fifty-two week low of $38.71 and a fifty-two week high of $53.30. The firm has a market capitalization of $8,934.82, a price-to-earnings ratio of 29.44, a P/E/G ratio of 1.46 and a beta of 1.47. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.76 and a quick ratio of 2.04.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings data on Tuesday, October 24th. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.01. Sensata Technologies had a net margin of 9.39% and a return on equity of 25.75%. The business had revenue of $819.10 million for the quarter, compared to analyst estimates of $803.14 million. During the same period in the prior year, the business posted $0.74 earnings per share. Sensata Technologies’s revenue was up 3.7% compared to the same quarter last year. equities research analysts anticipate that Sensata Technologies will post 3.17 earnings per share for the current fiscal year.

In other news, COO Jeffrey J. Cote sold 13,311 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Steven Beringhause sold 7,588 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $51.18, for a total transaction of $388,353.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 87,588 shares of company stock worth $4,258,599. Company insiders own 1.00% of the company’s stock.

Several hedge funds have recently modified their holdings of ST. Janus Henderson Group PLC increased its position in shares of Sensata Technologies by 58,991.8% during the second quarter. Janus Henderson Group PLC now owns 15,101,502 shares of the scientific and technical instruments company’s stock worth $645,136,000 after acquiring an additional 15,075,946 shares in the last quarter. BlackRock Inc. increased its position in shares of Sensata Technologies by 68.4% during the second quarter. BlackRock Inc. now owns 8,293,010 shares of the scientific and technical instruments company’s stock worth $354,278,000 after acquiring an additional 3,369,088 shares in the last quarter. State Street Corp increased its position in shares of Sensata Technologies by 106.4% during the second quarter. State Street Corp now owns 3,204,903 shares of the scientific and technical instruments company’s stock worth $136,915,000 after acquiring an additional 1,652,112 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Sensata Technologies by 18.2% during the second quarter. Goldman Sachs Group Inc. now owns 4,720,010 shares of the scientific and technical instruments company’s stock worth $201,639,000 after acquiring an additional 725,786 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of Sensata Technologies by 117.2% during the second quarter. New York State Common Retirement Fund now owns 1,022,990 shares of the scientific and technical instruments company’s stock worth $43,702,000 after acquiring an additional 551,919 shares in the last quarter.

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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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