Zacks Investment Research upgraded shares of Sensata Technologies Holding N.V. (NYSE:ST) from a hold rating to a buy rating in a report issued on Tuesday morning. The firm currently has $53.00 price objective on the scientific and technical instruments company’s stock.

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. “

Other analysts have also recently issued reports about the company. BidaskClub cut Sensata Technologies Holding N.V. from a buy rating to a hold rating in a research report on Tuesday, August 1st. Royal Bank Of Canada reaffirmed an outperform rating and set a $50.00 price objective (up from $46.00) on shares of Sensata Technologies Holding N.V. in a research report on Wednesday, July 26th. Stifel Nicolaus reaffirmed a buy rating and set a $51.00 price objective (up from $48.00) on shares of Sensata Technologies Holding N.V. in a research report on Wednesday, July 26th. Cowen and Company reaffirmed a hold rating and set a $45.00 price objective on shares of Sensata Technologies Holding N.V. in a research report on Sunday, September 17th. Finally, Barclays PLC reaffirmed an overweight rating and set a $52.00 price objective on shares of Sensata Technologies Holding N.V. in a research report on Friday, July 7th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $49.38.

Sensata Technologies Holding N.V. (ST) opened at 48.07 on Tuesday. The firm has a 50-day moving average price of $46.73 and a 200 day moving average price of $46.73. The company has a market cap of $8.23 billion, a price-to-earnings ratio of 28.78 and a beta of 1.45. Sensata Technologies Holding N.V. has a one year low of $35.10 and a one year high of $48.52.

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

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In other news, Director Thomas Wroe, Jr. sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $44.85, for a total value of $1,794,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last three months, insiders sold 134,105 shares of company stock worth $6,047,976. Insiders own 1.00% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Capital Advisors Inc. OK bought a new stake in shares of Sensata Technologies Holding N.V. in the 2nd quarter worth approximately $7,549,000. Rhumbline Advisers bought a new stake in shares of Sensata Technologies Holding N.V. in the 2nd quarter worth approximately $7,016,000. Sentry Investments Corp. boosted its position in shares of Sensata Technologies Holding N.V. by 180.7% in the 1st quarter. Sentry Investments Corp. now owns 1,100,400 shares of the scientific and technical instruments company’s stock worth $48,054,000 after purchasing an additional 708,400 shares in the last quarter. AXA boosted its position in shares of Sensata Technologies Holding N.V. by 24.2% in the 2nd quarter. AXA now owns 688,333 shares of the scientific and technical instruments company’s stock worth $29,406,000 after purchasing an additional 134,244 shares in the last quarter. Finally, Laurion Capital Management LP bought a new stake in shares of Sensata Technologies Holding N.V. in the 1st quarter worth approximately $9,891,000.

Sensata Technologies Holding N.V. Company Profile

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.

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

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