Evercore ISI Upgrades Sensata Technologies (NYSE:ST) to Outperform

Sensata Technologies (NYSE:ST) was upgraded by stock analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a report released on Monday, MarketBeat Ratings reports. The brokerage presently has a $60.00 price target on the scientific and technical instruments company’s stock, up from their previous price target of $44.00. Evercore ISI’s price target would suggest a potential upside of 42.89% from the company’s current price.

Several other analysts have also commented on ST. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $36.00 target price (down from $44.00) on shares of Sensata Technologies in a report on Tuesday, April 9th. JPMorgan Chase & Co. lowered shares of Sensata Technologies from a “neutral” rating to an “underweight” rating and cut their target price for the company from $37.00 to $34.00 in a report on Monday, January 8th. Stifel Nicolaus increased their price target on shares of Sensata Technologies from $36.00 to $43.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Robert W. Baird upped their price objective on shares of Sensata Technologies from $37.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 30th. Finally, Truist Financial raised their target price on Sensata Technologies from $36.00 to $46.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $43.78.

Sensata Technologies Stock Performance

Shares of NYSE:ST opened at $41.99 on Monday. The company has a quick ratio of 1.74, a current ratio of 2.64 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $6.32 billion, a price-to-earnings ratio of -381.69, a price-to-earnings-growth ratio of 0.97 and a beta of 1.32. The firm has a 50 day moving average of $35.78 and a 200 day moving average of $34.80. Sensata Technologies has a 52 week low of $30.56 and a 52 week high of $47.41.

Sensata Technologies (NYSE:ST) last released its quarterly earnings results on Monday, April 29th. The scientific and technical instruments company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.03. Sensata Technologies had a negative net margin of 0.35% and a positive return on equity of 17.58%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $986.51 million. During the same period in the previous year, the company earned $0.92 earnings per share. The business’s revenue for the quarter was up .9% on a year-over-year basis. On average, sell-side analysts predict that Sensata Technologies will post 3.75 earnings per share for the current fiscal year.

Insider Activity at Sensata Technologies

In related news, Director Ali John Mirshekari acquired 73,137 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were purchased at an average cost of $39.17 per share, for a total transaction of $2,864,776.29. Following the acquisition, the director now owns 73,137 shares in the company, valued at approximately $2,864,776.29. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.

Institutional Trading of Sensata Technologies

Hedge funds have recently made changes to their positions in the business. Teachers Retirement System of The State of Kentucky purchased a new stake in Sensata Technologies during the 3rd quarter worth about $1,294,000. Olstein Capital Management L.P. raised its holdings in Sensata Technologies by 11.4% in the fourth quarter. Olstein Capital Management L.P. now owns 341,000 shares of the scientific and technical instruments company’s stock valued at $12,811,000 after acquiring an additional 35,000 shares in the last quarter. Arnhold LLC acquired a new position in Sensata Technologies during the 4th quarter worth approximately $9,865,000. Schroder Investment Management Group increased its position in shares of Sensata Technologies by 6.0% in the 3rd quarter. Schroder Investment Management Group now owns 2,952,062 shares of the scientific and technical instruments company’s stock valued at $111,647,000 after purchasing an additional 166,584 shares during the last quarter. Finally, Kempner Capital Management Inc. raised its holdings in shares of Sensata Technologies by 99.8% in the 4th quarter. Kempner Capital Management Inc. now owns 85,823 shares of the scientific and technical instruments company’s stock valued at $3,224,000 after purchasing an additional 42,867 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

About Sensata Technologies

Sensata Technologies Holding plc develops, manufactures, and sells sensors and sensor-rich solutions, electrical protection components and systems, and other products used in mission-critical systems and applications in the United States and internationally. It operates in two segments, Performance Sensing and Sensing Solutions.