Sensata Technologies (NYSE:ST) Downgraded to “C” at TheStreet

Sensata Technologies (NYSE:STGet Rating) was downgraded by equities research analysts at TheStreet from a “b-” rating to a “c” rating in a research report issued to clients and investors on Friday, TheStreetRatingsTable reports.

ST has been the subject of a number of other reports. Barclays reduced their price target on shares of Sensata Technologies from $70.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, April 7th. UBS Group raised Sensata Technologies from a “neutral” rating to a “buy” rating and raised their target price for the company from $62.00 to $68.00 in a research note on Monday, February 14th. Citigroup dropped their price target on shares of Sensata Technologies from $60.00 to $50.00 in a research report on Wednesday, April 27th. Robert W. Baird lowered shares of Sensata Technologies from an “outperform” rating to a “neutral” rating and set a $67.00 price objective for the company. in a research report on Friday, January 14th. Finally, StockNews.com assumed coverage on shares of Sensata Technologies in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $62.10.

Shares of NYSE:ST opened at $44.25 on Friday. The firm’s 50 day moving average is $48.98 and its two-hundred day moving average is $55.44. The firm has a market capitalization of $6.94 billion, a P/E ratio of 21.27, a PEG ratio of 1.06 and a beta of 1.30. The company has a current ratio of 3.68, a quick ratio of 2.91 and a debt-to-equity ratio of 1.38. Sensata Technologies has a 52 week low of $42.67 and a 52 week high of $65.58.

Sensata Technologies (NYSE:STGet Rating) last issued its quarterly earnings data on Tuesday, April 26th. The scientific and technical instruments company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. Sensata Technologies had a return on equity of 18.28% and a net margin of 8.62%. The business had revenue of $975.77 million during the quarter, compared to analyst estimates of $960.62 million. During the same period in the prior year, the company posted $0.86 EPS. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. Analysts predict that Sensata Technologies will post 3.87 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its position in Sensata Technologies by 9.5% during the first quarter. Goldman Sachs Group Inc. now owns 554,426 shares of the scientific and technical instruments company’s stock valued at $28,193,000 after purchasing an additional 48,096 shares during the last quarter. RBF Capital LLC lifted its holdings in shares of Sensata Technologies by 420.0% during the 1st quarter. RBF Capital LLC now owns 52,000 shares of the scientific and technical instruments company’s stock valued at $2,705,000 after buying an additional 42,000 shares during the last quarter. State Street Corp grew its stake in shares of Sensata Technologies by 13.1% in the 1st quarter. State Street Corp now owns 3,888,619 shares of the scientific and technical instruments company’s stock valued at $197,736,000 after buying an additional 451,725 shares in the last quarter. Prelude Capital Management LLC acquired a new position in Sensata Technologies in the first quarter worth approximately $280,000. Finally, Harding Loevner LP raised its position in Sensata Technologies by 8.1% during the first quarter. Harding Loevner LP now owns 66,332 shares of the scientific and technical instruments company’s stock valued at $2,953,000 after acquiring an additional 4,942 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

About Sensata Technologies (Get Rating)

Sensata Technologies Holding plc develops, manufactures, and sells sensors, sensor-based solutions, controls, and other products in the Americas, Europe, Asia, and internationally. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment develops and manufactures sensors, high-voltage contactors, and other solutions used in mission-critical systems and applications, such as tire pressure monitoring, thermal management, electrical protection, regenerative braking, powertrain (engine/transmission), and exhaust management.

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