Sensata Technologies (ST) Shares Up 7.8% Following Analyst Upgrade
Sensata Technologies Holding (NYSE:ST) shot up 7.8% during trading on Wednesday after Morgan Stanley raised their price target on the stock from $48.00 to $50.00. Morgan Stanley currently has an equal weight rating on the stock. Sensata Technologies traded as high as $51.87 and last traded at $51.66. 4,496,100 shares changed hands during mid-day trading, an increase of 244% from the average session volume of 1,306,982 shares. The stock had previously closed at $47.90.
Several other research analysts have also recently weighed in on ST. Stifel Nicolaus boosted their price target on shares of Sensata Technologies from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday. Royal Bank of Canada reissued a “buy” rating and set a $55.00 price target on shares of Sensata Technologies in a research report on Wednesday. Oppenheimer reissued a “buy” rating and set a $62.00 price target on shares of Sensata Technologies in a research report on Wednesday. BMO Capital Markets boosted their price target on shares of Sensata Technologies from $45.00 to $47.00 and gave the company a “market perform” rating in a research report on Wednesday. Finally, Zacks Investment Research cut shares of Sensata Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $53.30.
In other Sensata Technologies news, COO Jeffrey J. Cote sold 13,311 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $49.03, for a total value of $652,638.33. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Paul B. Edgerley bought 200,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was bought 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. Insiders sold 80,000 shares of company stock worth $3,870,245 in the last ninety days. 1.00% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of ST. Skba Capital Management LLC purchased a new stake in shares of Sensata Technologies during the third quarter worth approximately $201,000. Tredje AP fonden increased its stake in shares of Sensata Technologies by 174.7% during the second 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 purchased a new stake in shares of Sensata Technologies during the second quarter worth approximately $206,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Sensata Technologies during the second quarter worth approximately $216,000. Finally, QCM Cayman Ltd. increased its stake in shares of Sensata Technologies by 1.4% during the second 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.
The company has a quick ratio of 2.04, a current ratio of 2.76 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $8,205.10, a P/E ratio of 15.50, a price-to-earnings-growth ratio of 1.51 and a beta of 1.46.
Sensata Technologies (NYSE:ST) last released its earnings results on Tuesday, October 24th. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.01. Sensata Technologies had a net margin of 9.39% and a return on equity of 25.75%. The firm had revenue of $819.10 million for the quarter, compared to analyst estimates of $803.14 million. During the same period in the prior year, the firm earned $0.74 earnings per share. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. equities analysts forecast that Sensata Technologies Holding will post 3.17 earnings per share for the current fiscal year.
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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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