Sensata Technologies (ST) Cut to “Hold” at Zacks Investment Research

Sensata Technologies (NYSE:ST) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday. They currently have a $58.00 target price on the scientific and technical instruments company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 12.01% from the stock’s previous close.

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. “

ST has been the subject of a number of other reports. Stifel Nicolaus restated a “buy” rating and set a $55.00 price objective on shares of Sensata Technologies in a research report on Thursday, October 26th. Royal Bank of Canada restated a “buy” rating and set a $55.00 price objective on shares of Sensata Technologies in a research report on Wednesday, December 13th. Oppenheimer restated a “buy” rating on shares of Sensata Technologies in a research report on Tuesday, October 24th. SunTrust Banks restated a “buy” rating and set a $53.00 price objective on shares of Sensata Technologies in a research report on Thursday, October 12th. Finally, JPMorgan Chase & Co. set a $60.00 price objective on Sensata Technologies and gave the stock a “buy” rating in a research report on Wednesday, December 13th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Sensata Technologies presently has an average rating of “Hold” and an average price target of $54.92.

Sensata Technologies (NYSE ST) traded up $0.30 during trading on Friday, reaching $51.78. The company’s stock had a trading volume of 2,154,200 shares, compared to its average volume of 1,520,300. The company has a quick ratio of 2.04, a current ratio of 2.76 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $8,818.34, a P/E ratio of 29.09, a PEG ratio of 1.45 and a beta of 1.47. Sensata Technologies has a 1 year low of $38.71 and a 1 year high of $53.30.

Sensata Technologies (NYSE:ST) last posted its earnings results on Tuesday, October 24th. The scientific and technical instruments company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.80 by $0.01. The firm had revenue of $819.10 million during the quarter, compared to the consensus estimate of $803.14 million. Sensata Technologies had a return on equity of 25.75% and a net margin of 9.39%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the company earned $0.74 earnings per share. equities research analysts forecast that Sensata Technologies will post 3.17 EPS for the current year.

In other Sensata Technologies news, EVP Steven Beringhause sold 7,588 shares of Sensata Technologies stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $51.18, for a total value of $388,353.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jeffrey J. Cote sold 13,311 shares of Sensata Technologies stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $49.03, for a total value of $652,638.33. The disclosure for this sale can be found here. Insiders have sold 87,588 shares of company stock valued at $4,258,599 over the last 90 days. 1.00% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. Janus Henderson Group PLC grew its stake in Sensata Technologies by 58,991.8% in the second quarter. Janus Henderson Group PLC now owns 15,101,502 shares of the scientific and technical instruments company’s stock valued at $645,136,000 after acquiring an additional 15,075,946 shares during the period. BlackRock Inc. grew its stake in Sensata Technologies by 68.4% in the second quarter. BlackRock Inc. now owns 8,293,010 shares of the scientific and technical instruments company’s stock valued at $354,278,000 after acquiring an additional 3,369,088 shares during the period. State Street Corp grew its stake in Sensata Technologies by 106.4% in the second quarter. State Street Corp now owns 3,204,903 shares of the scientific and technical instruments company’s stock valued at $136,915,000 after acquiring an additional 1,652,112 shares during the period. Goldman Sachs Group Inc. grew its stake in Sensata Technologies by 18.2% in the second quarter. Goldman Sachs Group Inc. now owns 4,720,010 shares of the scientific and technical instruments company’s stock valued at $201,639,000 after acquiring an additional 725,786 shares during the period. Finally, New York State Common Retirement Fund grew its stake in Sensata Technologies by 117.2% in the second quarter. New York State Common Retirement Fund now owns 1,022,990 shares of the scientific and technical instruments company’s stock valued at $43,702,000 after acquiring an additional 551,919 shares during the period.

TRADEMARK VIOLATION WARNING: This piece of content was posted by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/01/05/sensata-technologies-st-cut-to-hold-at-zacks-investment-research.html.

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.

Get a free copy of the Zacks research report on Sensata Technologies (ST)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Sensata Technologies (NYSE:ST)

Receive News & Ratings for Sensata Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sensata Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply