Sensata Technologies (NYSE:ST) Research Coverage Started at Wolfe Research

Wolfe Research started coverage on shares of Sensata Technologies (NYSE:ST) in a research report report published on Tuesday, The Fly reports. The brokerage issued an outperform rating and a $57.00 price target on the scientific and technical instruments company’s stock.

Several other equities analysts have also commented on the stock. Longbow Research lowered shares of Sensata Technologies from a buy rating to a neutral rating and set a $45.84 price target for the company. in a research report on Monday, June 17th. SunTrust Banks set a $53.00 price target on shares of Sensata Technologies and gave the stock a hold rating in a research report on Wednesday, July 31st. Zacks Investment Research upgraded shares of Sensata Technologies from a sell rating to a hold rating in a research report on Wednesday, July 31st. Finally, Morgan Stanley lowered their price target on shares of Sensata Technologies from $45.00 to $44.00 and set an underweight rating for the company in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $52.17.

Shares of NYSE:ST opened at $48.51 on Tuesday. The company’s fifty day moving average is $48.09 and its two-hundred day moving average is $47.39. The stock has a market capitalization of $7.54 billion, a price-to-earnings ratio of 12.85, a price-to-earnings-growth ratio of 1.08 and a beta of 1.41. The company has a debt-to-equity ratio of 1.24, a quick ratio of 2.35 and a current ratio of 3.13. Sensata Technologies has a 1-year low of $40.78 and a 1-year high of $52.33.

Sensata Technologies (NYSE:ST) last released its quarterly earnings results on Tuesday, July 30th. The scientific and technical instruments company reported $0.93 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.01). The firm had revenue of $883.70 million for the quarter, compared to the consensus estimate of $898.90 million. Sensata Technologies had a return on equity of 23.71% and a net margin of 16.16%. The firm’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.93 EPS. Sell-side analysts expect that Sensata Technologies will post 3.69 EPS for the current fiscal year.

In related news, SVP Paul Chawla sold 9,006 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $52.22, for a total value of $470,293.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas Wroe, Jr. sold 2,666 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $44.71, for a total transaction of $119,196.86. 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. 2.00% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in Sensata Technologies by 1.1% in the 1st quarter. BlackRock Inc. now owns 8,530,421 shares of the scientific and technical instruments company’s stock valued at $384,040,000 after acquiring an additional 95,353 shares during the last quarter. FMR LLC lifted its holdings in Sensata Technologies by 5.5% in the 1st quarter. FMR LLC now owns 6,323,952 shares of the scientific and technical instruments company’s stock valued at $284,704,000 after acquiring an additional 331,366 shares during the last quarter. Bank of America Corp DE lifted its holdings in Sensata Technologies by 5.8% in the 2nd quarter. Bank of America Corp DE now owns 1,502,187 shares of the scientific and technical instruments company’s stock valued at $73,608,000 after acquiring an additional 81,778 shares during the last quarter. Impax Asset Management Group plc lifted its holdings in Sensata Technologies by 18.0% in the 2nd quarter. Impax Asset Management Group plc now owns 1,424,936 shares of the scientific and technical instruments company’s stock valued at $69,822,000 after acquiring an additional 217,835 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in Sensata Technologies by 1.6% in the 1st quarter. Clearbridge Investments LLC now owns 1,189,191 shares of the scientific and technical instruments company’s stock valued at $53,537,000 after acquiring an additional 18,389 shares during the last quarter. Hedge funds and other institutional investors own 91.29% of the company’s stock.

Sensata Technologies Company Profile

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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The Fly

Analyst Recommendations for Sensata Technologies (NYSE:ST)

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