Sensata Technologies (NYSE:ST) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday.
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 analysts have also issued research reports about the company. Morgan Stanley boosted their price target on Sensata Technologies from $48.00 to $50.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. Stifel Nicolaus reissued a “buy” rating and set a $63.00 price target on shares of Sensata Technologies in a report on Thursday, February 1st. BMO Capital Markets boosted their price target on Sensata Technologies from $45.00 to $47.00 and gave the company a “market perform” rating in a report on Wednesday, December 13th. ValuEngine raised Sensata Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, SunTrust Banks reissued a “hold” rating and set a $54.00 price target on shares of Sensata Technologies in a report on Friday, December 15th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $56.58.
Sensata Technologies (NYSE:ST) last issued its quarterly earnings data on Thursday, February 1st. The scientific and technical instruments company reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.02. Sensata Technologies had a return on equity of 25.40% and a net margin of 12.35%. The company had revenue of $840.53 million during the quarter, compared to analyst estimates of $822.31 million. During the same quarter in the previous year, the company posted $0.76 earnings per share. Sensata Technologies’s revenue was up 6.6% compared to the same quarter last year. equities research analysts predict that Sensata Technologies will post 3.66 EPS for the current fiscal year.
In other news, EVP Jeffrey J. Cote sold 5,000 shares of the company’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $54.50, for a total value of $272,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Steven Beringhause sold 3,720 shares of the company’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $54.85, for a total value of $204,042.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,720 shares of company stock valued at $738,942. Corporate insiders own 1.00% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ST. Advisor Group Inc. boosted its stake in shares of Sensata Technologies by 73.5% in the fourth quarter. Advisor Group Inc. now owns 2,731 shares of the scientific and technical instruments company’s stock worth $140,000 after acquiring an additional 1,157 shares during the period. American International Group Inc. bought a new position in shares of Sensata Technologies in the fourth quarter worth about $193,000. BB&T Corp bought a new position in shares of Sensata Technologies in the fourth quarter worth about $215,000. Greenwood Capital Associates LLC bought a new position in shares of Sensata Technologies in the fourth quarter worth about $285,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Sensata Technologies in the third quarter worth about $321,000.
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About Sensata Technologies
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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