Sensata Technologies (ST) Given “Hold” Rating at BMO Capital Markets

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BMO Capital Markets reaffirmed their hold rating on shares of Sensata Technologies (NYSE:ST) in a research note released on Tuesday. BMO Capital Markets currently has a $41.00 price target on the scientific and technical instruments company’s stock.

A number of other equities research analysts have also commented on the company. Morgan Stanley lowered Sensata Technologies from an equal weight rating to an underweight rating and dropped their price target for the stock from $55.00 to $47.00 in a research report on Monday, September 17th. ValuEngine downgraded Sensata Technologies from a hold rating to a sell rating in a report on Thursday, October 4th. JPMorgan Chase & Co. reiterated a buy rating and set a $69.00 price objective on shares of Sensata Technologies in a report on Tuesday, September 11th. Zacks Investment Research upgraded Sensata Technologies from a hold rating to a buy rating and set a $61.00 price objective for the company in a report on Saturday, August 4th. Finally, Canaccord Genuity assumed coverage on Sensata Technologies in a report on Friday, August 3rd. They set a buy rating and a $70.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. Sensata Technologies has an average rating of Buy and a consensus target price of $58.45.

NYSE ST opened at $47.25 on Tuesday. The stock has a market cap of $7.26 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 1.08 and a beta of 1.60. The company has a current ratio of 3.38, a quick ratio of 2.65 and a debt-to-equity ratio of 1.29. Sensata Technologies has a one year low of $41.12 and a one year high of $57.40.

Sensata Technologies (NYSE:ST) last released its quarterly earnings results on Tuesday, October 30th. The scientific and technical instruments company reported $0.91 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.91. The company had revenue of $873.60 million for the quarter, compared to analyst estimates of $864.62 million. Sensata Technologies had a return on equity of 25.09% and a net margin of 13.09%. Sensata Technologies’s revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.81 earnings per share. Research analysts anticipate that Sensata Technologies will post 3.67 earnings per share for the current fiscal year.

In other news, EVP Steven Beringhause sold 26,047 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $54.84, for a total value of $1,428,417.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jeffrey J. Cote sold 570 shares of the firm’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $50.00, for a total value of $28,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,817 shares of company stock valued at $2,417,709. Corporate insiders own 2.00% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legacy Financial Advisors Inc. acquired a new stake in shares of Sensata Technologies in the third quarter valued at approximately $124,000. Oppenheimer Asset Management Inc. lifted its position in shares of Sensata Technologies by 39.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 60,271 shares of the scientific and technical instruments company’s stock valued at $2,986,000 after buying an additional 16,999 shares during the last quarter. Alps Advisors Inc. lifted its position in shares of Sensata Technologies by 81.5% in the third quarter. Alps Advisors Inc. now owns 9,960 shares of the scientific and technical instruments company’s stock valued at $494,000 after buying an additional 4,472 shares during the last quarter. Palo Capital Inc. acquired a new stake in shares of Sensata Technologies in the third quarter valued at approximately $907,000. Finally, First Trust Advisors LP lifted its position in shares of Sensata Technologies by 67.5% in the third quarter. First Trust Advisors LP now owns 234,724 shares of the scientific and technical instruments company’s stock valued at $11,631,000 after buying an additional 94,557 shares during the last quarter.

Sensata Technologies Company Profile

Sensata Technologies Holding PLC would be operating as a holding company for Sensata Technologies Holding N.V. that develops, manufactures, and sells sensors and controls in the Americas, Asia, and Europe. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment supplies pressure sensors, speed and position sensors, temperature sensors, and pressure switches.

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Analyst Recommendations for Sensata Technologies (NYSE:ST)

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