Sensata Technologies (NYSE:ST) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Sensata Technologies (NYSE:ST) from a sell rating to a hold rating in a report released on Wednesday, Zacks.com reports.

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 equities research analysts have also weighed in on ST. JPMorgan Chase & Co. lowered Sensata Technologies from an overweight rating to a neutral rating and lowered their price objective for the company from $60.00 to $57.00 in a research note on Monday, April 22nd. Evercore ISI began coverage on Sensata Technologies in a research report on Wednesday, June 5th. They issued an in-line rating and a $50.00 target price for the company. Longbow Research lowered Sensata Technologies from a buy rating to a neutral rating and set a $45.84 target price for the company. in a research report on Monday, June 17th. Morgan Stanley decreased their target price on Sensata Technologies from $45.00 to $44.00 and set an underweight rating for the company in a research report on Wednesday. Finally, ValuEngine upgraded Sensata Technologies from a sell rating to a hold rating in a research report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $52.53.

NYSE ST traded down $0.27 during mid-day trading on Wednesday, reaching $46.03. 803,211 shares of the company’s stock traded hands, compared to its average volume of 842,685. Sensata Technologies has a 1-year low of $40.78 and a 1-year high of $56.28. The firm’s fifty day simple moving average is $47.56. The company has a current ratio of 3.13, a quick ratio of 2.20 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $7.46 billion, a P/E ratio of 12.61, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings data on Tuesday, July 30th. The scientific and technical instruments company reported $0.93 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.01). Sensata Technologies had a net margin of 16.16% and a return on equity of 23.71%. The business had revenue of $883.70 million for the quarter, compared to analyst estimates of $898.90 million. During the same quarter last year, the business earned $0.93 EPS. Sensata Technologies’s revenue for the quarter was down 3.3% compared to the same quarter last year. Equities analysts expect that Sensata Technologies will post 3.7 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. Investors Research Corp acquired a new position in shares of Sensata Technologies in the 1st quarter worth approximately $27,000. Buffington Mohr McNeal acquired a new position in Sensata Technologies during the 1st quarter valued at approximately $29,000. Coastal Investment Advisors Inc. acquired a new position in Sensata Technologies during the 2nd quarter valued at approximately $47,000. Quadrant Capital Group LLC boosted its position in Sensata Technologies by 6,773.7% during the 1st quarter. Quadrant Capital Group LLC now owns 1,306 shares of the scientific and technical instruments company’s stock valued at $57,000 after purchasing an additional 1,287 shares during the period. Finally, Advisory Services Network LLC boosted its position in Sensata Technologies by 26.8% during the 4th quarter. Advisory Services Network LLC now owns 1,657 shares of the scientific and technical instruments company’s stock valued at $74,000 after purchasing an additional 350 shares during the period. Institutional investors own 94.00% 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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