Sensata Technologies Holding N.V. (NYSE:ST) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

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 equities analysts have also recently issued research reports about the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $51.00 price objective (up previously from $48.00) on shares of Sensata Technologies Holding N.V. in a research note on Wednesday, July 26th. BidaskClub cut shares of Sensata Technologies Holding N.V. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Royal Bank Of Canada reiterated an “outperform” rating and issued a $50.00 price objective (up previously from $46.00) on shares of Sensata Technologies Holding N.V. in a research note on Wednesday, July 26th. Barclays PLC reiterated an “overweight” rating and issued a $52.00 price objective on shares of Sensata Technologies Holding N.V. in a research note on Friday, July 7th. Finally, BMO Capital Markets set a $42.00 price objective on shares of Sensata Technologies Holding N.V. and gave the stock a “hold” rating in a research note on Wednesday, July 26th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $49.00.

Shares of Sensata Technologies Holding N.V. (NYSE:ST) traded up 1.03% during mid-day trading on Wednesday, reaching $45.06. 872,082 shares of the company’s stock traded hands. The stock has a market cap of $7.72 billion, a price-to-earnings ratio of 26.98 and a beta of 1.45. The firm’s 50 day moving average price is $44.62 and its 200-day moving average price is $42.54. Sensata Technologies Holding N.V. has a 12-month low of $35.10 and a 12-month high of $47.24.

Sensata Technologies Holding N.V. (NYSE:ST) last issued its quarterly earnings data on Tuesday, July 25th. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.03. Sensata Technologies Holding N.V. had a net margin of 8.91% and a return on equity of 26.18%. The firm had revenue of $839.90 million for the quarter, compared to analysts’ expectations of $835.09 million. During the same quarter in the prior year, the business earned $0.73 EPS. The business’s quarterly revenue was up 1.5% on a year-over-year basis. Equities research analysts forecast that Sensata Technologies Holding N.V. will post $3.17 earnings per share for the current year.

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In other Sensata Technologies Holding N.V. news, Director Thomas Wroe, Jr. sold 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $46.47, for a total transaction of $2,091,150.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 134,105 shares of company stock worth $6,047,976. 1.00% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Henderson Group PLC raised its stake in Sensata Technologies Holding N.V. by 4.1% during the 1st quarter. Henderson Group PLC now owns 25,556 shares of the scientific and technical instruments company’s stock worth $1,116,000 after acquiring an additional 1,000 shares during the period. Rhumbline Advisers bought a new stake in shares of Sensata Technologies Holding N.V. during the second quarter valued at approximately $7,016,000. Thomas White International Ltd. bought a new stake in shares of Sensata Technologies Holding N.V. during the first quarter valued at approximately $1,947,000. Sentry Investments Corp. raised its position in shares of Sensata Technologies Holding N.V. by 180.7% during the first quarter. Sentry Investments Corp. now owns 1,100,400 shares of the scientific and technical instruments company’s stock valued at $48,054,000 after buying an additional 708,400 shares during the last quarter. Finally, AXA raised its position in shares of Sensata Technologies Holding N.V. by 34.2% during the first quarter. AXA now owns 554,089 shares of the scientific and technical instruments company’s stock valued at $24,197,000 after buying an additional 141,302 shares during the last quarter.

Sensata Technologies Holding N.V. 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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