Sensata Technologies (NYSE:ST) Raised to “Outperform” at Evercore ISI

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

A number of other research analysts have also issued reports on ST. The Goldman Sachs Group reiterated a “neutral” rating and set a $36.00 target price (down previously from $44.00) on shares of Sensata Technologies in a research report on Tuesday, April 9th. Jefferies Financial Group assumed coverage on Sensata Technologies in a research report on Tuesday, April 9th. They set a “hold” rating and a $40.00 price target for the company. JPMorgan Chase & Co. lowered Sensata Technologies from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $37.00 to $34.00 in a report on Monday, January 8th. Oppenheimer raised shares of Sensata Technologies from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a report on Tuesday, January 30th. Finally, Bank of America downgraded shares of Sensata Technologies from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $46.00 to $38.00 in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Sensata Technologies presently has a consensus rating of “Hold” and an average target price of $43.78.

Sensata Technologies Stock Up 2.2 %

Shares of ST stock opened at $41.99 on Monday. Sensata Technologies has a fifty-two week low of $30.56 and a fifty-two week high of $47.41. The firm has a market capitalization of $6.32 billion, a PE ratio of -381.69, a P/E/G ratio of 0.97 and a beta of 1.32. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.74 and a current ratio of 2.64. The stock’s 50-day simple moving average is $35.78 and its 200-day simple moving average is $34.80.

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

Insider Activity at Sensata Technologies

In other news, Director Ali John Mirshekari bought 73,137 shares of Sensata Technologies stock in a transaction dated Thursday, May 2nd. The shares were acquired at an average cost of $39.17 per share, with a total value of $2,864,776.29. Following the completion of the transaction, 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. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Sensata Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of ST. Arnhold LLC lifted its holdings in Sensata Technologies by 15.2% in the first quarter. Arnhold LLC now owns 302,498 shares of the scientific and technical instruments company’s stock worth $11,114,000 after acquiring an additional 39,922 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Sensata Technologies by 178.4% in the 1st quarter. Sei Investments Co. now owns 367,005 shares of the scientific and technical instruments company’s stock worth $13,484,000 after purchasing an additional 235,170 shares during the last quarter. River Global Investors LLP acquired a new position in Sensata Technologies during the 1st quarter valued at approximately $658,000. Illinois Municipal Retirement Fund grew its stake in Sensata Technologies by 141.5% during the 1st quarter. Illinois Municipal Retirement Fund now owns 30,308 shares of the scientific and technical instruments company’s stock worth $1,114,000 after buying an additional 17,757 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in Sensata Technologies by 2,624.2% in the first quarter. SG Americas Securities LLC now owns 918,082 shares of the scientific and technical instruments company’s stock worth $33,730,000 after buying an additional 884,381 shares during the period. 99.42% of the stock is owned by institutional investors.

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.