Sensata Technologies (ST) Downgraded by Zacks Investment Research to “Hold”
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. “
ST has been the topic of a number of other reports. JPMorgan Chase & Co. set a $60.00 price objective on Sensata Technologies and gave the company a “buy” rating in a research note on Wednesday, December 13th. Bank of America reiterated a “buy” rating and set a $60.00 price objective (up from $55.00) on shares of Sensata Technologies in a research note on Thursday, December 14th. Cowen reiterated a “hold” rating on shares of Sensata Technologies in a research note on Thursday, December 14th. SunTrust Banks reiterated a “hold” rating and set a $54.00 price objective on shares of Sensata Technologies in a research note on Friday, December 15th. Finally, Morgan Stanley boosted their price objective 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. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $55.00.
Sensata Technologies (NYSE:ST) last issued its earnings results on Tuesday, October 24th. The scientific and technical instruments company reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.01. The firm had revenue of $819.10 million for the quarter, compared to analyst estimates of $803.14 million. Sensata Technologies had a return on equity of 25.75% and a net margin of 9.39%. The business’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.74 earnings per share. equities analysts forecast that Sensata Technologies will post 3.17 EPS for the current year.
In other news, EVP Steven Beringhause sold 7,588 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $51.18, for a total value of $388,353.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul B. Edgerley acquired 200,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was purchased at an average price of $47.47 per share, with a total value of $9,494,000.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 87,588 shares of company stock valued at $4,258,599. 1.00% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the stock. Taylor Cottrill Erickson & Associates Inc. boosted its holdings in Sensata Technologies by 25.8% during the 3rd quarter. Taylor Cottrill Erickson & Associates Inc. now owns 24,275 shares of the scientific and technical instruments company’s stock valued at $1,167,000 after acquiring an additional 4,975 shares during the period. Swiss National Bank boosted its holdings in Sensata Technologies by 1.2% during the 3rd quarter. Swiss National Bank now owns 630,250 shares of the scientific and technical instruments company’s stock valued at $30,296,000 after acquiring an additional 7,700 shares during the period. British Airways Pensions Investment Management Ltd purchased a new stake in Sensata Technologies during the 3rd quarter valued at about $15,458,000. Schroder Investment Management Group raised its position in Sensata Technologies by 22.2% during the 3rd quarter. Schroder Investment Management Group now owns 631,867 shares of the scientific and technical instruments company’s stock valued at $29,989,000 after purchasing an additional 114,867 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in Sensata Technologies by 13.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 984,131 shares of the scientific and technical instruments company’s stock valued at $47,305,000 after purchasing an additional 119,913 shares during the last quarter.
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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