Zacks Investment Research Lowers Sensata Technologies (ST) to Sell
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. “
ST has been the subject of several other reports. Barclays set a $51.00 target price on Sensata Technologies and gave the company a “buy” rating in a research note on Friday, January 4th. SunTrust Banks raised their target price on Sensata Technologies to $54.00 and gave the company a “hold” rating in a research note on Thursday, February 7th. Jefferies Financial Group raised their target price on Sensata Technologies from $59.00 to $62.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Finally, ValuEngine downgraded Sensata Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $55.00.
Sensata Technologies (NYSE:ST) last announced its quarterly earnings results on Wednesday, February 6th. The scientific and technical instruments company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.04). Sensata Technologies had a net margin of 17.01% and a return on equity of 24.94%. The company had revenue of $847.90 million during the quarter, compared to analyst estimates of $866.27 million. During the same quarter in the prior year, the company posted $0.87 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. On average, sell-side analysts forecast that Sensata Technologies will post 3.98 EPS for the current fiscal year.
In related news, insider Jeffrey J. Cote sold 5,000 shares of Sensata Technologies stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $50.00, for a total value of $250,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Martha N. Sullivan sold 50,000 shares of Sensata Technologies stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $46.65, for a total value of $2,332,500.00. The disclosure for this sale can be found here. Insiders have sold 165,000 shares of company stock valued at $8,073,600 over the last 90 days. Insiders own 2.00% of the company’s stock.
Large investors have recently bought and sold shares of the stock. We Are One Seven LLC lifted its holdings in Sensata Technologies by 83.8% in the first quarter. We Are One Seven LLC now owns 5,182 shares of the scientific and technical instruments company’s stock worth $233,000 after acquiring an additional 2,363 shares during the last quarter. Beese Fulmer Investment Management Inc. lifted its holdings in Sensata Technologies by 0.6% in the first quarter. Beese Fulmer Investment Management Inc. now owns 101,445 shares of the scientific and technical instruments company’s stock worth $4,567,000 after acquiring an additional 644 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Sensata Technologies by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 1,542,401 shares of the scientific and technical instruments company’s stock worth $69,111,000 after acquiring an additional 52,630 shares during the last quarter. Norges Bank bought a new position in Sensata Technologies in the fourth quarter worth about $72,950,000. Finally, FMR LLC lifted its holdings in Sensata Technologies by 38.8% in the fourth quarter. FMR LLC now owns 5,992,586 shares of the scientific and technical instruments company’s stock worth $268,708,000 after acquiring an additional 1,675,101 shares during the last quarter. Institutional investors and hedge funds own 94.25% 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.
Read More: How to interpret a stock’s beta number
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Sensata Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sensata Technologies and related companies with MarketBeat.com's FREE daily email newsletter.