Insider Selling: Martin J. Carter Sells 100,000 Shares of Sensata Technologies Holding Stock (ST)
Sensata Technologies Holding (NYSE:ST) SVP Martin J. Carter unloaded 100,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $49.45, for a total value of $4,945,000.00. Following the completion of the transaction, the senior vice president now directly owns 23,567 shares in the company, valued at approximately $1,165,388. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on ST shares. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Sensata Technologies Holding in a research note on Wednesday, July 30th. They now have a $59.00 price target on the stock, up previously from $54.00. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Sensata Technologies Holding in a research note on Wednesday, July 30th. They now have a $50.00 price target on the stock, up previously from $44.00. Finally, analysts at RBC Capital raised their price target on shares of Sensata Technologies Holding from $47.00 to $50.00 in a research note on Friday, July 11th. They now have an “outperform” rating on the stock. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $51.13.
Shares of Sensata Technologies Holding (NYSE:ST) traded up 0.32% during mid-day trading on Tuesday, hitting $49.55. 709,706 shares of the company’s stock traded hands. Sensata Technologies Holding has a 1-year low of $36.50 and a 1-year high of $49.97. The stock’s 50-day moving average is $47.44 and its 200-day moving average is $44.13. The company has a market cap of $8.342 billion and a price-to-earnings ratio of 32.88.
Sensata Technologies Holding (NYSE:ST) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.10. The company had revenue of $575.90 million for the quarter, compared to the consensus estimate of $566.18 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, analysts predict that Sensata Technologies Holding will post $2.44 earnings per share for the current fiscal year.
Sensata Technologies Holding N.V. (NYSE:ST) is a subsidiary of Sensata Investment Company S.
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