Sensata Technologies (ST) Trading 11% Higher

Sensata Technologies Holding PLC (NYSE:ST) traded up 11% on Tuesday . The company traded as high as $47.69 and last traded at $47.25. 4,913,783 shares changed hands during trading, an increase of 376% from the average session volume of 1,032,866 shares. The stock had previously closed at $42.57.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research raised Sensata Technologies from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research report on Saturday, August 4th. Canaccord Genuity assumed coverage on Sensata Technologies in a research report on Friday, August 3rd. They set a “buy” rating and a $70.00 price objective on the stock. Morgan Stanley downgraded Sensata Technologies from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $55.00 to $47.00 in a research report on Monday, September 17th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $69.00 price objective on shares of Sensata Technologies in a research report on Tuesday, September 11th. Finally, ValuEngine downgraded Sensata Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $58.45.

The company has a debt-to-equity ratio of 1.29, a current ratio of 3.38 and a quick ratio of 2.65. The firm has a market capitalization of $7.26 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 1.08 and a beta of 1.60.



Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Tuesday, October 30th. The scientific and technical instruments company reported $0.91 earnings per share for the quarter, hitting the consensus estimate of $0.91. The business had revenue of $873.60 million during the quarter, compared to the consensus estimate of $864.62 million. Sensata Technologies had a return on equity of 25.09% and a net margin of 13.09%. The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the company earned $0.81 earnings per share. Research analysts anticipate that Sensata Technologies Holding PLC will post 3.67 earnings per share for the current fiscal year.

In other Sensata Technologies news, Director Thomas Wroe, Jr. sold 17,200 shares of the firm’s stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $55.86, for a total value of $960,792.00. Following the completion of the sale, the director now owns 25,344 shares of the company’s stock, valued at $1,415,715.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Jeffrey J. Cote sold 570 shares of the firm’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $50.00, for a total value of $28,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 43,817 shares of company stock valued at $2,417,709. Corporate insiders own 2.00% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Legacy Financial Advisors Inc. purchased a new position in shares of Sensata Technologies in the third quarter worth about $124,000. Oppenheimer Asset Management Inc. raised its stake in shares of Sensata Technologies by 39.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 60,271 shares of the scientific and technical instruments company’s stock worth $2,986,000 after purchasing an additional 16,999 shares during the last quarter. Alps Advisors Inc. raised its stake in shares of Sensata Technologies by 81.5% in the third quarter. Alps Advisors Inc. now owns 9,960 shares of the scientific and technical instruments company’s stock worth $494,000 after purchasing an additional 4,472 shares during the last quarter. Palo Capital Inc. purchased a new position in shares of Sensata Technologies in the third quarter worth about $907,000. Finally, First Trust Advisors LP raised its stake in shares of Sensata Technologies by 67.5% in the third quarter. First Trust Advisors LP now owns 234,724 shares of the scientific and technical instruments company’s stock worth $11,631,000 after purchasing an additional 94,557 shares during the last quarter.

Sensata Technologies Company Profile (NYSE:ST)

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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