Sensata Technologies (NYSE:ST) Stock Price Expected to Rise, UBS Group Analyst Says

Sensata Technologies (NYSE:ST) had its target price increased by analysts at UBS Group from $34.00 to $41.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the scientific and technical instruments company’s stock. UBS Group’s target price would indicate a potential upside of 31.96% from the company’s current price.

A number of other research firms have also recently issued reports on ST. Wall Street Zen cut Sensata Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, June 1st. Robert W. Baird reduced their price target on Sensata Technologies from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. The Goldman Sachs Group boosted their price target on Sensata Technologies from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Evercore ISI lowered shares of Sensata Technologies from an “outperform” rating to an “inline” rating and cut their price objective for the company from $40.00 to $27.00 in a research report on Thursday, April 3rd. Finally, Wells Fargo & Company boosted their target price on shares of Sensata Technologies from $26.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Sensata Technologies presently has a consensus rating of “Hold” and an average price target of $35.33.

Sensata Technologies Trading Down 1.8%

NYSE:ST opened at $31.07 on Monday. The stock has a market cap of $4.55 billion, a PE ratio of 38.36, a price-to-earnings-growth ratio of 1.37 and a beta of 1.13. Sensata Technologies has a fifty-two week low of $17.32 and a fifty-two week high of $42.33. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.64 and a quick ratio of 1.81. The stock’s 50-day moving average is $28.22 and its two-hundred day moving average is $26.49.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings data on Thursday, May 8th. The scientific and technical instruments company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. Sensata Technologies had a net margin of 3.19% and a return on equity of 17.12%. The firm had revenue of $911.26 million for the quarter, compared to the consensus estimate of $878.39 million. During the same period in the previous year, the firm posted $0.89 earnings per share. The firm’s revenue was down 9.5% on a year-over-year basis. As a group, equities research analysts forecast that Sensata Technologies will post 3.21 earnings per share for the current fiscal year.

Insider Buying and Selling at Sensata Technologies

In other Sensata Technologies news, Director Andrew C. Teich acquired 9,925 shares of Sensata Technologies stock in a transaction dated Friday, May 23rd. The stock was bought at an average cost of $25.19 per share, with a total value of $250,010.75. Following the completion of the transaction, the director owned 41,117 shares of the company’s stock, valued at $1,035,737.23. The trade was a 31.82% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.89% of the company’s stock.

Hedge Funds Weigh In On Sensata Technologies

Several large investors have recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Sensata Technologies by 96.8% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 5,260,870 shares of the scientific and technical instruments company’s stock worth $144,148,000 after purchasing an additional 2,587,183 shares during the period. Price T Rowe Associates Inc. MD grew its position in Sensata Technologies by 36.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,821,428 shares of the scientific and technical instruments company’s stock worth $214,308,000 after buying an additional 2,088,161 shares in the last quarter. Norges Bank bought a new position in Sensata Technologies during the fourth quarter valued at about $48,580,000. Woodline Partners LP raised its holdings in Sensata Technologies by 65.2% in the 4th quarter. Woodline Partners LP now owns 2,277,826 shares of the scientific and technical instruments company’s stock valued at $62,412,000 after acquiring an additional 898,835 shares in the last quarter. Finally, Eminence Capital LP lifted its position in shares of Sensata Technologies by 25.2% in the 4th quarter. Eminence Capital LP now owns 4,318,718 shares of the scientific and technical instruments company’s stock worth $118,333,000 after acquiring an additional 870,419 shares during the period. 99.42% of the stock is currently owned by institutional investors and hedge funds.

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.