BMO Capital Markets Raises Sensata Technologies (ST) Price Target to $47.00
Sensata Technologies (NYSE:ST) had its target price upped by BMO Capital Markets from $45.00 to $47.00 in a research report released on Wednesday morning. BMO Capital Markets currently has a market perform rating on the scientific and technical instruments company’s stock.
Several other brokerages have also issued reports on ST. Zacks Investment Research lowered Sensata Technologies from a buy rating to a hold rating in a research note on Tuesday, October 24th. Royal Bank of Canada reiterated a buy rating and issued a $55.00 price target on shares of Sensata Technologies in a research note on Wednesday. SunTrust Banks lowered Sensata Technologies from a buy rating to a hold rating in a research note on Friday, December 1st. Stifel Nicolaus reiterated a buy rating and issued a $55.00 price target on shares of Sensata Technologies in a research note on Thursday, October 26th. Finally, Barclays lifted their price target on Sensata Technologies from $52.00 to $53.00 and gave the company an overweight rating in a research note on Friday, October 20th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Sensata Technologies presently has a consensus rating of Buy and a consensus target price of $54.50.
Sensata Technologies (NYSE:ST) opened at $52.42 on Wednesday. Sensata Technologies has a 52 week low of $38.71 and a 52 week high of $53.30. The company has a debt-to-equity ratio of 1.49, a quick ratio of 2.04 and a current ratio of 2.76. The company has a market capitalization of $8,936.53, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 1.64 and a beta of 1.46.
In related news, EVP Steven Beringhause sold 7,588 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $51.18, for a total transaction of $388,353.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Paul B. Edgerley acquired 200,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were purchased at an average cost of $47.47 per share, for a total transaction of $9,494,000.00. The disclosure for this purchase can be found here. In the last three months, insiders have sold 87,588 shares of company stock worth $4,258,599. 1.00% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Skba Capital Management LLC acquired a new position in Sensata Technologies during the 3rd quarter worth about $201,000. Tredje AP fonden lifted its holdings in Sensata Technologies by 174.7% during the 2nd quarter. Tredje AP fonden now owns 4,780 shares of the scientific and technical instruments company’s stock worth $204,000 after buying an additional 3,040 shares during the period. Aberdeen Asset Management PLC UK acquired a new position in Sensata Technologies during the 2nd quarter worth about $206,000. Cambridge Investment Research Advisors Inc. acquired a new position in Sensata Technologies during the 2nd quarter worth about $216,000. Finally, QCM Cayman Ltd. lifted its holdings in Sensata Technologies by 1.4% during the 2nd quarter. QCM Cayman Ltd. now owns 5,210 shares of the scientific and technical instruments company’s stock worth $223,000 after buying an additional 74 shares during the period.
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About Sensata Technologies
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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