Sensata Technologies (ST) Raised to Buy at Cross Research

Sensata Technologies (NYSE:ST) was upgraded by Cross Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday, The Fly reports.

A number of other equities analysts also recently commented on the stock. BMO Capital Markets reiterated a “hold” rating and set a $41.00 target price on shares of Sensata Technologies in a research note on Tuesday. Zacks Investment Research upgraded shares of Sensata Technologies from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Friday, July 27th. Canaccord Genuity started coverage on shares of Sensata Technologies in a research note on Friday, August 3rd. They set a “buy” rating and a $70.00 target price for the company. JPMorgan Chase & Co. reiterated a “buy” rating and set a $69.00 target price on shares of Sensata Technologies in a research note on Tuesday, September 11th. Finally, ValuEngine downgraded shares of Sensata Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, October 4th. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. Sensata Technologies presently has a consensus rating of “Buy” and an average target price of $58.45.

Shares of NYSE:ST traded up $5.08 during trading on Tuesday, hitting $47.65. The company’s stock had a trading volume of 288,718 shares, compared to its average volume of 1,473,408. The company has a market cap of $7.26 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 1.08 and a beta of 1.60. The company has a quick ratio of 2.65, a current ratio of 3.38 and a debt-to-equity ratio of 1.29. Sensata Technologies has a fifty-two week low of $41.12 and a fifty-two week high of $57.40.



In related news, EVP Jeffrey J. Cote sold 570 shares of the business’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $50.00, for a total value of $28,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas Wroe, Jr. sold 17,200 shares of the business’s stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $55.86, for a total transaction of $960,792.00. Following the completion of the sale, the director now directly owns 25,344 shares of the company’s stock, valued at $1,415,715.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 64,070 shares of company stock valued at $3,527,776. Insiders own 2.00% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Swiss National Bank lifted its position in Sensata Technologies by 3.5% in the second quarter. Swiss National Bank now owns 566,750 shares of the scientific and technical instruments company’s stock valued at $26,966,000 after acquiring an additional 19,300 shares during the last quarter. British Airways Pensions Investment Management Ltd lifted its position in Sensata Technologies by 0.8% in the second quarter. British Airways Pensions Investment Management Ltd now owns 353,402 shares of the scientific and technical instruments company’s stock valued at $16,815,000 after acquiring an additional 2,834 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Sensata Technologies in the second quarter valued at $15,687,000. Tower Research Capital LLC TRC lifted its position in Sensata Technologies by 21,675.0% in the second quarter. Tower Research Capital LLC TRC now owns 8,710 shares of the scientific and technical instruments company’s stock valued at $414,000 after acquiring an additional 8,670 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in Sensata Technologies by 2.0% in the second quarter. BNP Paribas Arbitrage SA now owns 75,057 shares of the scientific and technical instruments company’s stock valued at $3,571,000 after acquiring an additional 1,493 shares during the last quarter.

About Sensata Technologies

Sensata Technologies Holding PLC would be operating as a holding company for Sensata Technologies Holding N.V. that develops, manufactures, and sells sensors and controls in the Americas, Asia, and Europe. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment supplies pressure sensors, speed and position sensors, temperature sensors, and pressure switches.

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Analyst Recommendations for Sensata Technologies (NYSE:ST)

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