Sensata Technologies (ST) Upgraded to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Sensata Technologies (NYSE:ST) from a hold rating to a buy rating in a research note released on Wednesday, January 10th. The brokerage currently has $59.00 target price on the scientific and technical instruments company’s stock.

According to Zacks, “Sensata Technologies B.V., through its subsidiaries, is a supplier of sensing, electrical protection, control and power management solutions. The Company produces a range of sensors and controls for mission critical applications, such as thermal circuit breakers in aircraft, pressure sensors in automotive systems, and bimetal current and temperature control devices in electric motors. Sensata’s products include pressure sensors, force sensors, position sensors, motor protectors, and thermal and magnetic-hydraulic circuit breakers and switches. It develops solutions for specific customer requirements or applications across automotive, appliance, aircraft, industrial, military, heavy vehicle, heating, air-conditioning, data, telecommunications, recreational vehicle and marine applications. Sensata Technologies B.V. is based in Almelo, the Netherlands. “

A number of other analysts have also recently commented on ST. Morgan Stanley lifted their price objective on Sensata Technologies from $48.00 to $50.00 and gave the stock an equal weight rating in a research report on Wednesday, December 13th. BMO Capital Markets lifted their price objective on Sensata Technologies from $45.00 to $47.00 and gave the stock a market perform rating in a research report on Wednesday, December 13th. Citigroup lifted their price objective on Sensata Technologies from $49.00 to $55.00 and gave the stock a neutral rating in a research report on Wednesday, October 25th. Barclays raised their price target on Sensata Technologies from $52.00 to $53.00 and gave the stock an overweight rating in a research note on Friday, October 20th. Finally, SunTrust Banks reissued a hold rating and issued a $54.00 price target on shares of Sensata Technologies in a research note on Friday, December 15th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $55.00.

Sensata Technologies (NYSE:ST) traded up $0.27 during mid-day trading on Wednesday, hitting $54.43. The stock had a trading volume of 1,674,800 shares, compared to its average volume of 1,431,970. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.76 and a quick ratio of 2.04. Sensata Technologies has a 1-year low of $38.71 and a 1-year high of $54.62. The firm has a market capitalization of $9,440.00, a P/E ratio of 30.58, a P/E/G ratio of 1.52 and a beta of 1.47.

Sensata Technologies (NYSE:ST) last released its quarterly earnings data on Tuesday, October 24th. The scientific and technical instruments company reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.01. Sensata Technologies had a return on equity of 25.75% and a net margin of 9.39%. The firm had revenue of $819.10 million during the quarter, compared to analysts’ expectations of $803.14 million. During the same quarter in the prior year, the business posted $0.74 earnings per share. Sensata Technologies’s revenue was up 3.7% compared to the same quarter last year. equities research analysts expect that Sensata Technologies will post 3.17 EPS for the current fiscal year.

In other news, EVP Steven Beringhause sold 7,588 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $51.18, for a total value of $388,353.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey J. Cote sold 13,311 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $49.03, for a total value of $652,638.33. The disclosure for this sale can be found here. Insiders have sold a total of 87,588 shares of company stock valued at $4,258,599 in the last quarter. 1.00% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in ST. QCM Cayman Ltd. grew its stake in Sensata Technologies by 1.4% in the second quarter. QCM Cayman Ltd. now owns 5,210 shares of the scientific and technical instruments company’s stock valued at $223,000 after purchasing an additional 74 shares in the last quarter. Financial Counselors Inc. boosted its stake in shares of Sensata Technologies by 11.4% during the 2nd quarter. Financial Counselors Inc. now owns 9,113 shares of the scientific and technical instruments company’s stock worth $389,000 after acquiring an additional 931 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Sensata Technologies by 5.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 20,510 shares of the scientific and technical instruments company’s stock worth $986,000 after acquiring an additional 1,100 shares in the last quarter. Millie Capital Management LLC boosted its stake in Sensata Technologies by 2.1% during the 2nd quarter. Millie Capital Management LLC now owns 61,695 shares of the scientific and technical instruments company’s stock valued at $2,636,000 after purchasing an additional 1,294 shares during the period. Finally, Aperio Group LLC boosted its stake in Sensata Technologies by 7.6% during the 3rd quarter. Aperio Group LLC now owns 19,191 shares of the scientific and technical instruments company’s stock valued at $923,000 after purchasing an additional 1,358 shares during the period.

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Sensata Technologies Company Profile

Sensata Technologies Holding N.V. is an industrial technology company. The Company is engaged in the development, manufacture, and sale of sensors and controls. The Company operates through two segments: Performance Sensing and Sensing Solutions. It produces a range of sensors and controls for applications, such as pressure sensors in automotive systems, thermal circuit breakers in aircraft, and bimetal current and temperature control devices.

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