Zacks Investment Research cut shares of Sensata Technologies (NYSE:ST) from a buy rating to a hold rating in a research report released on Thursday morning.
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 have also recently issued reports on the stock. Oppenheimer reissued a buy rating on shares of Sensata Technologies in a research note on Tuesday, October 24th. SunTrust Banks cut shares of Sensata Technologies from a buy rating to a hold rating in a research note on Friday, December 1st. Stifel Nicolaus reissued a buy rating and set a $55.00 price objective on shares of Sensata Technologies in a research note on Thursday, October 26th. JPMorgan Chase & Co. set a $60.00 price objective on shares of Sensata Technologies and gave the company a buy rating in a research note on Wednesday, December 13th. Finally, Cowen reissued a hold rating and set a $45.00 price objective on shares of Sensata Technologies in a research note on Sunday, September 17th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Sensata Technologies presently has an average rating of Hold and an average price target of $55.00.
Shares of Sensata Technologies (ST) traded up $0.81 during midday trading on Thursday, hitting $54.16. 1,033,172 shares of the stock traded hands, compared to its average volume of 999,080. Sensata Technologies has a one year low of $38.71 and a one year high of $54.21. The stock has a market cap of $9,277.39, a PE ratio of 30.43, a PEG ratio of 1.52 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 (EPS) 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 company had revenue of $819.10 million during the quarter, compared to analysts’ expectations of $803.14 million. During the same period in the previous year, the company earned $0.74 EPS. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. sell-side analysts forecast that Sensata Technologies will post 3.17 earnings per share for the current fiscal year.
In related news, EVP Steven Beringhause sold 7,588 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $51.18, for a total transaction of $388,353.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jeffrey J. Cote sold 13,311 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was 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. Over the last ninety days, insiders have sold 87,588 shares of company stock valued at $4,258,599. 1.00% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Skba Capital Management LLC purchased a new stake in Sensata Technologies during the 3rd quarter worth $201,000. Tredje AP fonden lifted its holdings 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 buying an additional 3,040 shares in the last quarter. 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, QCM Cayman Ltd. lifted its holdings in Sensata Technologies by 1.4% in the 2nd quarter. QCM Cayman Ltd. now owns 5,210 shares of the scientific and technical instruments company’s stock worth $223,000 after buying an additional 74 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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