Oppenheimer downgraded shares of Sensata Technologies (NYSE:ST) from an outperform rating to a market perform rating in a research note issued to investors on Wednesday morning, BenzingaRatingsTable reports.
A number of other analysts also recently commented on ST. SunTrust Banks set a $53.00 price objective on Sensata Technologies and gave the stock a hold rating in a research report on Wednesday, July 31st. Morgan Stanley reduced their price objective on Sensata Technologies from $45.00 to $44.00 and set an underweight rating for the company in a research report on Wednesday, July 31st. Zacks Investment Research upgraded Sensata Technologies from a sell rating to a hold rating in a research report on Wednesday, July 31st. ValuEngine downgraded Sensata Technologies from a hold rating to a sell rating in a research report on Thursday, October 10th. Finally, Wolfe Research began coverage on Sensata Technologies in a research report on Tuesday, October 8th. They issued an outperform rating and a $57.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. Sensata Technologies currently has a consensus rating of Hold and a consensus target price of $52.17.
ST traded up $0.30 during midday trading on Wednesday, reaching $49.85. The company’s stock had a trading volume of 23,703 shares, compared to its average volume of 673,078. The stock has a market cap of $7.87 billion, a P/E ratio of 13.65, a PEG ratio of 1.12 and a beta of 1.41. The company has a fifty day simple moving average of $48.60 and a 200 day simple moving average of $47.48. The company has a current ratio of 3.13, a quick ratio of 2.35 and a debt-to-equity ratio of 1.24. Sensata Technologies has a twelve month low of $40.78 and a twelve month high of $52.33.
Sensata Technologies (NYSE:ST) last released its earnings results on Tuesday, July 30th. The scientific and technical instruments company reported $0.93 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.01). The business had revenue of $883.70 million during the quarter, compared to analyst estimates of $898.90 million. Sensata Technologies had a net margin of 16.16% and a return on equity of 23.71%. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period last year, the business earned $0.93 EPS. Sell-side analysts expect that Sensata Technologies will post 3.69 earnings per share for the current year.
In related news, Director Thomas Wroe, Jr. sold 2,666 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $44.71, for a total transaction of $119,196.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Paul Chawla sold 9,006 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $52.22, for a total value of $470,293.32. The disclosure for this sale can be found here. Insiders sold a total of 64,572 shares of company stock valued at $3,179,321 in the last quarter. Corporate insiders own 2.00% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. SRS Capital Advisors Inc. bought a new position in shares of Sensata Technologies during the 2nd quarter worth approximately $34,000. Coastal Investment Advisors Inc. bought a new position in shares of Sensata Technologies during the 2nd quarter worth approximately $47,000. Investors Research Corp lifted its position in shares of Sensata Technologies by 66.7% during the 2nd quarter. Investors Research Corp now owns 1,000 shares of the scientific and technical instruments company’s stock worth $49,000 after buying an additional 400 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Sensata Technologies during the 2nd quarter worth approximately $69,000. Finally, Marshall Wace North America L.P. acquired a new stake in Sensata Technologies during the 1st quarter valued at $77,000. Institutional investors and hedge funds own 91.43% of the company’s stock.
About Sensata Technologies
Sensata Technologies Holding plc, through its subsidiary, Sensata Technologies Holding N.V., develops, manufactures, and sells a range of sensors and controls in the Americas, Asia, Europe, and internationally. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment develops and manufactures pressure sensors, speed and position sensors, and temperature sensors.
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