Sensata Technologies (NYSE:ST) Coverage Initiated by Analysts at Jefferies Financial Group

Equities researchers at Jefferies Financial Group assumed coverage on shares of Sensata Technologies (NYSE:ST) in a research report issued to clients and investors on Wednesday, Briefing.com reports. The firm set a “hold” rating and a $40.00 price target on the scientific and technical instruments company’s stock. Jefferies Financial Group‘s target price would suggest a potential downside of 0.78% from the stock’s current price.

ST has been the topic of several other reports. Oppenheimer raised their price objective on Sensata Technologies from $55.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Barclays lifted their price objective on shares of Sensata Technologies from $55.00 to $56.00 and gave the stock an “overweight” rating in a report on Thursday, October 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Sensata Technologies in a research note on Wednesday, October 28th. UBS Group lowered their target price on shares of Sensata Technologies from $54.00 to $51.00 and set a “buy” rating for the company in a report on Wednesday, October 28th. Finally, Wall Street Zen downgraded shares of Sensata Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 20th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $49.30.

Sensata Technologies Price Performance

Shares of NYSE ST opened at $40.32 on Wednesday. Sensata Technologies has a fifty-two week low of $28.16 and a fifty-two week high of $53.89. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 1.19 and a beta of 1.28. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.70 and a current ratio of 2.39. The firm’s 50-day simple moving average is $41.67 and its 200 day simple moving average is $42.04.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings data on Tuesday, October 27th. The scientific and technical instruments company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.17. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $972.97 million. Sensata Technologies had a return on equity of 19.38% and a net margin of 9.52%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 EPS. As a group, research analysts anticipate that Sensata Technologies will post 3.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sensata Technologies

A number of hedge funds have recently made changes to their positions in the business. Janus Henderson Group PLC grew its position in Sensata Technologies by 1.1% during the first quarter. Janus Henderson Group PLC now owns 10,402,517 shares of the scientific and technical instruments company’s stock valued at $366,376,000 after buying an additional 112,819 shares during the period. Dimensional Fund Advisors LP raised its position in Sensata Technologies by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 7,391,230 shares of the scientific and technical instruments company’s stock worth $260,302,000 after acquiring an additional 125,127 shares during the period. Quantinno Capital Management LP boosted its stake in Sensata Technologies by 45.5% in the first quarter. Quantinno Capital Management LP now owns 2,402,063 shares of the scientific and technical instruments company’s stock valued at $84,601,000 after acquiring an additional 750,646 shares during the last quarter. Bank of America Corp DE boosted its stake in Sensata Technologies by 5.7% in the first quarter. Bank of America Corp DE now owns 1,766,285 shares of the scientific and technical instruments company’s stock valued at $62,209,000 after acquiring an additional 95,874 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Sensata Technologies by 29.8% during the 1st quarter. Bank of New York Mellon Corp now owns 1,356,087 shares of the scientific and technical instruments company’s stock valued at $47,761,000 after acquiring an additional 311,424 shares during the period. 99.42% of the stock is currently owned by institutional investors.

About Sensata Technologies

Sensata Technologies is a global developer and manufacturer of sensors, electrical protection components and other sensing solutions. Its products help customers monitor and control pressure, temperature, position, speed and other operating conditions, as well as protect electrical systems. The company serves customers in markets including automotive, heavy vehicles, industrial equipment, aerospace, heating and air conditioning, and appliances. Its offerings are used in applications ranging from vehicle safety and electrification to industrial automation and equipment protection.