BMO Capital Markets Reiterates Hold Rating for Sensata Technologies (ST)

Sensata Technologies (NYSE:ST)‘s stock had its “hold” rating restated by research analysts at BMO Capital Markets in a report issued on Tuesday. They currently have a $41.00 price target on the scientific and technical instruments company’s stock. BMO Capital Markets’ price objective would indicate a potential downside of 12.58% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Sensata Technologies from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research report on Friday, July 27th. JPMorgan Chase & Co. restated a “buy” rating and issued a $69.00 price objective on shares of Sensata Technologies in a research report on Tuesday, September 11th. Canaccord Genuity initiated coverage on shares of Sensata Technologies in a research report on Friday, August 3rd. They issued a “buy” rating and a $70.00 price objective for the company. ValuEngine downgraded shares of Sensata Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. Finally, Morgan Stanley downgraded shares of Sensata Technologies from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $55.00 to $47.00 in a research report on Monday, September 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $56.33.

Shares of ST opened at $46.90 on Tuesday. Sensata Technologies has a fifty-two week low of $41.12 and a fifty-two week high of $57.40. The stock has a market cap of $7.26 billion, a PE ratio of 14.70, a price-to-earnings-growth ratio of 1.08 and a beta of 1.60. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.38 and a quick ratio of 2.65.



Sensata Technologies (NYSE:ST) last announced its 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. Sensata Technologies had a net margin of 13.09% and a return on equity of 25.09%. The business had revenue of $873.60 million during the quarter, compared to the consensus estimate of $864.62 million. During the same quarter in the prior year, the firm earned $0.81 earnings per share. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Sensata Technologies will post 3.67 EPS for the current year.

In other news, Director Thomas Wroe, Jr. sold 17,200 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 25,344 shares of the company’s stock, valued at approximately $1,415,715.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Jeffrey J. Cote sold 570 shares of the firm’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $50.00, for a total transaction of $28,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,817 shares of company stock valued at $2,417,709. 2.00% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Nomura Asset Management Co. Ltd. increased its stake in shares of Sensata Technologies by 5.0% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 23,010 shares of the scientific and technical instruments company’s stock worth $1,094,000 after purchasing an additional 1,100 shares in the last quarter. Chicago Partners Investment Group LLC grew its stake in Sensata Technologies by 76.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 2,825 shares of the scientific and technical instruments company’s stock worth $134,000 after acquiring an additional 1,225 shares during the period. Beese Fulmer Investment Management Inc. grew its stake in Sensata Technologies by 1.4% in the 3rd quarter. Beese Fulmer Investment Management Inc. now owns 97,861 shares of the scientific and technical instruments company’s stock worth $4,850,000 after acquiring an additional 1,305 shares during the period. Jane Street Group LLC grew its stake in Sensata Technologies by 12.2% in the 2nd quarter. Jane Street Group LLC now owns 12,214 shares of the scientific and technical instruments company’s stock worth $581,000 after acquiring an additional 1,324 shares during the period. Finally, BNP Paribas Arbitrage SA grew its stake in Sensata Technologies by 2.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 75,057 shares of the scientific and technical instruments company’s stock worth $3,571,000 after acquiring an additional 1,493 shares during the period.

Sensata Technologies Company Profile

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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