Sensata Technologies (NYSE:ST) Lowered to “Inline” Rating by Evercore ISI

Sensata Technologies (NYSE:ST) was downgraded by Evercore ISI from an “outperform” rating to an “inline” rating in a note issued to investors on Thursday,Briefing.com Automated Import reports. They currently have a $27.00 price objective on the scientific and technical instruments company’s stock. Evercore ISI’s price objective suggests a potential upside of 9.49% from the stock’s current price.

A number of other research analysts also recently issued reports on the company. The Goldman Sachs Group lowered their price target on Sensata Technologies from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Oppenheimer lowered their target price on shares of Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Finally, UBS Group dropped their price target on shares of Sensata Technologies from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $38.00.

Sensata Technologies Stock Performance

Shares of ST stock opened at $24.66 on Thursday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.99 and a current ratio of 2.85. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 29.36, a price-to-earnings-growth ratio of 1.25 and a beta of 1.20. Sensata Technologies has a one year low of $23.33 and a one year high of $43.14. The company’s 50-day moving average is $27.54 and its 200 day moving average is $30.47.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share for the quarter, meeting the consensus estimate of $0.76. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. Sell-side analysts expect that Sensata Technologies will post 3.21 EPS for the current fiscal year.

Institutional Trading of Sensata Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp lifted its holdings in Sensata Technologies by 0.4% during the third quarter. State Street Corp now owns 5,470,903 shares of the scientific and technical instruments company’s stock valued at $196,187,000 after purchasing an additional 23,946 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Sensata Technologies by 66.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 660,568 shares of the scientific and technical instruments company’s stock valued at $23,688,000 after buying an additional 264,334 shares in the last quarter. Kempner Capital Management Inc. boosted its holdings in Sensata Technologies by 233.9% in the 4th quarter. Kempner Capital Management Inc. now owns 209,064 shares of the scientific and technical instruments company’s stock worth $5,728,000 after buying an additional 146,449 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Sensata Technologies by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,060,537 shares of the scientific and technical instruments company’s stock worth $29,059,000 after buying an additional 19,233 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Sensata Technologies during the fourth quarter valued at about $701,000. Hedge funds and other institutional investors own 99.42% of the company’s stock.

About Sensata Technologies

Sensata Technologies Holding plc develops, manufactures, and sells sensors and sensor-rich solutions, electrical protection components and systems, and other products used in mission-critical systems and applications in the United States and internationally. It operates in two segments, Performance Sensing and Sensing Solutions.