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

Zacks Investment Research upgraded shares of Sensata Technologies (NYSE:ST) from a hold rating to a buy rating in a report issued on Tuesday morning. They currently have $58.00 price objective on the scientific and technical instruments company’s stock.

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. “

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A number of other equities analysts also recently issued reports on ST. Morgan Stanley lifted their price target on Sensata Technologies from $48.00 to $50.00 and gave the company an equal weight rating in a research note on Wednesday, December 13th. Stifel Nicolaus restated a buy rating and issued a $63.00 target price on shares of Sensata Technologies in a research note on Thursday, February 1st. BMO Capital Markets boosted their target price on Sensata Technologies from $45.00 to $47.00 and gave the stock a market perform rating in a research note on Wednesday, December 13th. ValuEngine upgraded Sensata Technologies from a hold rating to a buy rating in a research note on Friday, February 2nd. Finally, SunTrust Banks restated a hold rating and issued a $54.00 target price on shares of Sensata Technologies in a research note on Friday, December 15th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Sensata Technologies presently has an average rating of Buy and a consensus price target of $56.58.

ST stock opened at $50.90 on Tuesday. The stock has a market cap of $9,028.25, a price-to-earnings ratio of 16.46, a P/E/G ratio of 1.44 and a beta of 1.51. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.94 and a quick ratio of 2.23. Sensata Technologies has a 52-week low of $38.71 and a 52-week high of $57.40.

Sensata Technologies (NYSE:ST) last released its quarterly earnings results on Thursday, February 1st. The scientific and technical instruments company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. The business had revenue of $840.53 million during the quarter, compared to the consensus estimate of $822.31 million. Sensata Technologies had a return on equity of 25.40% and a net margin of 12.35%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.76 EPS. analysts forecast that Sensata Technologies will post 3.66 EPS for the current year.

In related news, EVP Steven Beringhause sold 3,720 shares of Sensata Technologies stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $54.85, for a total value of $204,042.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Jeffrey J. Cote sold 5,000 shares of Sensata Technologies stock in a transaction that occurred on Thursday, April 5th. The stock was sold at an average price of $52.48, for a total transaction of $262,400.00. The disclosure for this sale can be found here. Insiders sold a total of 13,720 shares of company stock worth $738,942 in the last 90 days. Company insiders own 1.00% of the company’s stock.

Several large investors have recently bought and sold shares of ST. Advisor Group Inc. raised its holdings in shares of Sensata Technologies by 73.5% in the 4th quarter. Advisor Group Inc. now owns 2,731 shares of the scientific and technical instruments company’s stock worth $140,000 after purchasing an additional 1,157 shares during the period. American International Group Inc. bought a new stake in shares of Sensata Technologies in the 4th quarter worth approximately $193,000. BB&T Corp bought a new stake in shares of Sensata Technologies in the 4th quarter worth approximately $215,000. Saturna Capital CORP bought a new stake in shares of Sensata Technologies in the 3rd quarter worth approximately $249,000. Finally, Greenwood Capital Associates LLC bought a new stake in shares of Sensata Technologies in the 4th quarter worth approximately $285,000.

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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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Analyst Recommendations for Sensata Technologies (NYSE:ST)

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