Sensata Technologies (NYSE:ST) Rating Increased to Strong-Buy at Wall Street Zen

Sensata Technologies (NYSE:ST) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.

A number of other analysts have also issued reports on the company. JPMorgan Chase & Co. boosted their price target on Sensata Technologies from $32.00 to $34.00 and gave the company an “underweight” rating in a report on Monday, February 23rd. Robert W. Baird lifted their target price on Sensata Technologies from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Truist Financial upped their target price on Sensata Technologies from $35.00 to $38.00 and gave the stock a “hold” rating in a report on Friday, February 20th. Oppenheimer increased their price target on Sensata Technologies from $43.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Finally, Bank of America raised their price target on Sensata Technologies from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $40.20.

Sensata Technologies Trading Up 0.2%

ST stock opened at $34.67 on Friday. Sensata Technologies has a 12 month low of $17.32 and a 12 month high of $39.09. The firm’s 50-day moving average is $35.48 and its 200 day moving average is $33.47. The company has a market capitalization of $5.05 billion, a PE ratio of 182.48, a P/E/G ratio of 1.02 and a beta of 1.14. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.57 and a quick ratio of 1.78.

Sensata Technologies (NYSE:ST) last released its quarterly earnings data on Saturday, February 14th. The scientific and technical instruments company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.02. The company had revenue of $917.88 million during the quarter, compared to analysts’ expectations of $911.03 million. Sensata Technologies had a net margin of 0.83% and a return on equity of 17.92%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.76 EPS. On average, research analysts anticipate that Sensata Technologies will post 3.21 EPS for the current year.

Insiders Place Their Bets

In other Sensata Technologies news, EVP Lynne J. Caljouw sold 2,480 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $34.50, for a total value of $85,560.00. Following the completion of the sale, the executive vice president owned 61,560 shares of the company’s stock, valued at approximately $2,123,820. This trade represents a 3.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.89% of the company’s stock.

Institutional Trading of Sensata Technologies

Institutional investors have recently bought and sold shares of the stock. UMB Bank n.a. increased its stake in Sensata Technologies by 20.5% during the 4th quarter. UMB Bank n.a. now owns 1,678 shares of the scientific and technical instruments company’s stock valued at $56,000 after purchasing an additional 286 shares in the last quarter. Inscription Capital LLC raised its holdings in shares of Sensata Technologies by 1.4% in the fourth quarter. Inscription Capital LLC now owns 27,946 shares of the scientific and technical instruments company’s stock worth $930,000 after buying an additional 393 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Sensata Technologies by 3.8% during the third quarter. Quadrant Capital Group LLC now owns 10,981 shares of the scientific and technical instruments company’s stock worth $335,000 after buying an additional 397 shares during the period. Parallel Advisors LLC grew its holdings in shares of Sensata Technologies by 62.7% during the fourth quarter. Parallel Advisors LLC now owns 1,072 shares of the scientific and technical instruments company’s stock valued at $36,000 after buying an additional 413 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Sensata Technologies by 4.8% during the third quarter. PNC Financial Services Group Inc. now owns 9,338 shares of the scientific and technical instruments company’s stock valued at $285,000 after buying an additional 426 shares during the last quarter. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Sensata Technologies Company Profile

Sensata Technologies Holdings N.V. is a global industrial technology company specializing in the design, development and manufacture of sensors and electrical protection solutions. The company’s product portfolio includes pressure, temperature, position, speed, current and magnetic sensors, as well as circuit breakers and other protection devices. Sensata’s offerings serve a wide array of end markets, with a particularly strong presence in automotive original equipment manufacturers (OEMs), industrial automation, heating, ventilation and air conditioning (HVAC), commercial aerospace and renewable energy sectors.

Headquartered in Attleboro, Massachusetts, Sensata operates a network of manufacturing and engineering facilities across North America, Europe, Asia Pacific and Latin America.