The Goldman Sachs Group Forecasts Strong Price Appreciation for Sensata Technologies (NYSE:ST) Stock

Sensata Technologies (NYSE:ST) had its price target raised by equities research analysts at The Goldman Sachs Group from $48.00 to $60.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the scientific and technical instruments company’s stock. The Goldman Sachs Group’s price objective suggests a potential upside of 23.32% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Oppenheimer raised their target price on Sensata Technologies from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Bank of America upped their target price on Sensata Technologies from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Wells Fargo & Company upped their target price on Sensata Technologies from $37.00 to $42.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. upped their target price on Sensata Technologies from $32.00 to $34.00 and gave the company an “underweight” rating in a research report on Monday, February 23rd. Finally, Robert W. Baird upped their target price on Sensata Technologies from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $45.80.

Sensata Technologies Price Performance

Shares of NYSE ST opened at $48.65 on Tuesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.95 and a current ratio of 2.75. Sensata Technologies has a fifty-two week low of $24.69 and a fifty-two week high of $49.36. The firm has a market capitalization of $7.08 billion, a PE ratio of 156.95, a price-to-earnings-growth ratio of 1.40 and a beta of 1.21. The stock’s 50-day simple moving average is $40.14 and its 200-day simple moving average is $36.25.

Sensata Technologies (NYSE:ST) last issued its earnings results on Tuesday, March 31st. The scientific and technical instruments company reported $0.86 earnings per share for the quarter. Sensata Technologies had a return on equity of 18.23% and a net margin of 1.28%.The business had revenue of $934.80 million for the quarter. As a group, equities research analysts forecast that Sensata Technologies will post 3.73 EPS for the current fiscal year.

Insider Buying and Selling

In other Sensata Technologies news, EVP David K. Stott sold 6,335 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $47.40, for a total transaction of $300,279.00. Following the completion of the sale, the executive vice president directly owned 39,687 shares of the company’s stock, valued at approximately $1,881,163.80. This trade represents a 13.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Lynne J. Caljouw sold 2,913 shares of the stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $34.71, for a total value of $101,110.23. Following the sale, the executive vice president directly owned 72,842 shares of the company’s stock, valued at $2,528,345.82. The trade was a 3.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 11,728 shares of company stock valued at $486,949 over the last ninety days. 0.65% of the stock is owned by insiders.

Institutional Trading of Sensata Technologies

Hedge funds have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC lifted its holdings in shares of Sensata Technologies by 700.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 832 shares of the scientific and technical instruments company’s stock valued at $28,000 after buying an additional 728 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Sensata Technologies by 659.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 904 shares of the scientific and technical instruments company’s stock valued at $27,000 after buying an additional 785 shares during the period. Root Financial Partners LLC lifted its holdings in shares of Sensata Technologies by 62.5% in the 1st quarter. Root Financial Partners LLC now owns 913 shares of the scientific and technical instruments company’s stock valued at $32,000 after buying an additional 351 shares during the period. EFG International AG acquired a new stake in shares of Sensata Technologies in the 4th quarter valued at approximately $33,000. Finally, Parallel Advisors LLC lifted its holdings in shares of Sensata Technologies by 62.7% in the 4th quarter. Parallel Advisors LLC now owns 1,072 shares of the scientific and technical instruments company’s stock valued at $36,000 after buying an additional 413 shares during the period. 99.42% of the stock is owned by institutional investors and hedge funds.

About Sensata Technologies

Sensata Technologies Holdings N.V. is a global industrial technology company specializing in the design, development and manufacture of sensors and electrical protection solutions. The company’s product portfolio includes pressure, temperature, position, speed, current and magnetic sensors, as well as circuit breakers and other protection devices. Sensata’s offerings serve a wide array of end markets, with a particularly strong presence in automotive original equipment manufacturers (OEMs), industrial automation, heating, ventilation and air conditioning (HVAC), commercial aerospace and renewable energy sectors.

Headquartered in Attleboro, Massachusetts, Sensata operates a network of manufacturing and engineering facilities across North America, Europe, Asia Pacific and Latin America.