Sensata Technologies (NYSE:ST) Raised to Strong-Buy at Wall Street Zen

Sensata Technologies (NYSE:ST) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

ST has been the topic of several other research reports. Barclays raised their price target on shares of Sensata Technologies from $40.00 to $44.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. Wells Fargo & Company increased their price objective on Sensata Technologies from $34.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Monday, January 12th. Oppenheimer raised their target price on Sensata Technologies from $43.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Robert W. Baird lifted their target price on Sensata Technologies from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Finally, Weiss Ratings raised Sensata Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $40.20.

Sensata Technologies Stock Performance

Shares of ST stock opened at $34.67 on Friday. The firm has a market capitalization of $5.05 billion, a PE ratio of 182.48, a price-to-earnings-growth ratio of 1.02 and a beta of 1.14. The firm has a fifty day simple moving average of $35.48 and a two-hundred day simple moving average of $33.50. The company has a current ratio of 2.57, a quick ratio of 1.78 and a debt-to-equity ratio of 1.02. Sensata Technologies has a 12 month low of $17.32 and a 12 month high of $39.09.

Sensata Technologies (NYSE:ST) last released its quarterly earnings data on Saturday, February 14th. The scientific and technical instruments company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.02. The firm had revenue of $917.88 million for the quarter, compared to analyst estimates of $911.03 million. Sensata Technologies had a net margin of 0.83% and a return on equity of 17.92%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the firm earned $0.76 earnings per share. Analysts forecast that Sensata Technologies will post 3.21 EPS for the current fiscal year.

Insider Activity at Sensata Technologies

In other news, EVP Lynne J. Caljouw sold 2,496 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $37.53, for a total value of $93,674.88. Following the transaction, the executive vice president owned 64,040 shares in the company, valued at $2,403,421.20. The trade was a 3.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.89% of the stock is currently owned by corporate insiders.

Institutional Trading of Sensata Technologies

A number of hedge funds have recently bought and sold shares of ST. Goldman Sachs Group Inc. grew its stake in Sensata Technologies by 107.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 419,137 shares of the scientific and technical instruments company’s stock valued at $10,172,000 after purchasing an additional 217,418 shares during the period. United Services Automobile Association purchased a new position in shares of Sensata Technologies in the 1st quarter worth about $246,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Sensata Technologies by 12.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 505,957 shares of the scientific and technical instruments company’s stock worth $12,280,000 after buying an additional 55,045 shares during the last quarter. Cetera Investment Advisers grew its position in Sensata Technologies by 11.8% during the second quarter. Cetera Investment Advisers now owns 23,409 shares of the scientific and technical instruments company’s stock valued at $705,000 after buying an additional 2,472 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Sensata Technologies by 8.9% during the second quarter. JPMorgan Chase & Co. now owns 383,337 shares of the scientific and technical instruments company’s stock valued at $11,542,000 after buying an additional 31,206 shares during the period. 99.42% of the stock is currently owned by institutional investors.

Sensata Technologies Company Profile

Sensata Technologies Holdings N.V. is a global industrial technology company specializing in the design, development and manufacture of sensors and electrical protection solutions. The company’s product portfolio includes pressure, temperature, position, speed, current and magnetic sensors, as well as circuit breakers and other protection devices. Sensata’s offerings serve a wide array of end markets, with a particularly strong presence in automotive original equipment manufacturers (OEMs), industrial automation, heating, ventilation and air conditioning (HVAC), commercial aerospace and renewable energy sectors.

Headquartered in Attleboro, Massachusetts, Sensata operates a network of manufacturing and engineering facilities across North America, Europe, Asia Pacific and Latin America.