Zacks Investment Research Downgrades Sensata Technologies Holding N.V. (ST) to Hold

Sensata Technologies Holding N.V. (NYSE:ST) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

According to Zacks, “Sensata Technologies B.V., through its subsidiaries, is a supplier of sensing, electrical protection, control and power management solutions. The Company produces a range of sensors and controls for mission critical applications, such as thermal circuit breakers in aircraft, pressure sensors in automotive systems, and bimetal current and temperature control devices in electric motors. Sensata’s products include pressure sensors, force sensors, position sensors, motor protectors, and thermal and magnetic-hydraulic circuit breakers and switches. It develops solutions for specific customer requirements or applications across automotive, appliance, aircraft, industrial, military, heavy vehicle, heating, air-conditioning, data, telecommunications, recreational vehicle and marine applications. Sensata Technologies B.V. is based in Almelo, the Netherlands. “

A number of other equities analysts have also recently issued reports on the stock. BMO Capital Markets set a $42.00 price target on shares of Sensata Technologies Holding N.V. and gave the stock a “hold” rating in a research note on Wednesday, July 26th. Barclays PLC reiterated an “overweight” rating and issued a $52.00 price target on shares of Sensata Technologies Holding N.V. in a research note on Friday, July 7th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $50.00 price target (up previously from $46.00) on shares of Sensata Technologies Holding N.V. in a research note on Wednesday, July 26th. Stifel Nicolaus reiterated a “buy” rating and issued a $48.00 price target on shares of Sensata Technologies Holding N.V. in a research note on Friday, July 14th. Finally, Citigroup Inc. upped their price target on shares of Sensata Technologies Holding N.V. from $48.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 26th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $49.00.

Shares of Sensata Technologies Holding N.V. (NYSE ST) opened at 46.58 on Wednesday. Sensata Technologies Holding N.V. has a one year low of $35.10 and a one year high of $46.59. The stock has a 50 day moving average of $46.27 and a 200 day moving average of $43.58. The stock has a market cap of $7.98 billion, a P/E ratio of 27.89 and a beta of 1.45.

Sensata Technologies Holding N.V. (NYSE:ST) last announced its quarterly earnings results on Tuesday, July 25th. The scientific and technical instruments company reported $0.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.03. The company had revenue of $839.90 million for the quarter, compared to analysts’ expectations of $835.09 million. Sensata Technologies Holding N.V. had a net margin of 8.91% and a return on equity of 26.18%. Sensata Technologies Holding N.V.’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.73 EPS. On average, analysts forecast that Sensata Technologies Holding N.V. will post $3.17 EPS for the current year.

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In other Sensata Technologies Holding N.V. news, Director Thomas Wroe, Jr. sold 45,000 shares of the company’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $46.47, for a total transaction of $2,091,150.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 134,105 shares of company stock worth $6,047,976 in the last 90 days. Company insiders own 1.00% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ST. Huntington National Bank increased its position in shares of Sensata Technologies Holding N.V. by 6.0% during the 2nd quarter. Huntington National Bank now owns 2,885 shares of the scientific and technical instruments company’s stock valued at $123,000 after purchasing an additional 164 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Sensata Technologies Holding N.V. during the 1st quarter valued at about $204,000. Tredje AP fonden increased its position in shares of Sensata Technologies Holding N.V. by 174.7% during the 2nd quarter. Tredje AP fonden now owns 4,780 shares of the scientific and technical instruments company’s stock valued at $204,000 after purchasing an additional 3,040 shares during the last quarter. Aberdeen Asset Management PLC UK purchased a new stake in shares of Sensata Technologies Holding N.V. during the 2nd quarter valued at about $206,000. Finally, Daiwa Securities Group Inc. increased its position in shares of Sensata Technologies Holding N.V. by 15.1% during the 1st quarter. Daiwa Securities Group Inc. now owns 4,950 shares of the scientific and technical instruments company’s stock valued at $216,000 after purchasing an additional 650 shares during the last quarter.

About Sensata Technologies Holding N.V.

Sensata Technologies Holding N.V. is an industrial technology company. The Company is engaged in the development, manufacture, and sale of sensors and controls. The Company operates through two segments: Performance Sensing and Sensing Solutions. It produces a range of sensors and controls for applications, such as pressure sensors in automotive systems, thermal circuit breakers in aircraft, and bimetal current and temperature control devices.

Analyst Recommendations for Sensata Technologies Holding N.V. (NYSE:ST)

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