Robert W. Baird cut shares of Sensata Technologies (NYSE:ST) from an outperform rating to a neutral rating in a report issued on Friday morning, PriceTargets.com reports. The brokerage currently has $67.00 target price on the scientific and technical instruments company’s stock.
A number of other research firms have also recently weighed in on ST. Morgan Stanley raised their price objective on Sensata Technologies from $73.00 to $75.00 and gave the stock an overweight rating in a research report on Wednesday, December 15th. Zacks Investment Research cut Sensata Technologies from a hold rating to a sell rating and set a $63.00 price objective on the stock. in a report on Monday, November 8th. UBS Group began coverage on Sensata Technologies in a research note on Tuesday, September 21st. They set a neutral rating and a $63.00 price target on the stock. Finally, JPMorgan Chase & Co. lowered Sensata Technologies from an overweight rating to a neutral rating and cut their price objective for the stock from $68.00 to $65.00 in a research report on Monday, October 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $66.67.
Shares of ST opened at $63.54 on Friday. The company has a quick ratio of 3.32, a current ratio of 3.98 and a debt-to-equity ratio of 1.41. Sensata Technologies has a 52 week low of $52.30 and a 52 week high of $65.58. The business has a 50-day simple moving average of $60.07 and a two-hundred day simple moving average of $58.35. The stock has a market cap of $10.07 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 1.46 and a beta of 1.36.
In related news, EVP Vineet A. Nargolwala sold 12,300 shares of the stock in a transaction that occurred on Tuesday, January 4th. The shares were sold at an average price of $65.00, for a total transaction of $799,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey J. Cote sold 108,189 shares of the stock in a transaction that occurred on Monday, January 3rd. The shares were sold at an average price of $62.76, for a total transaction of $6,789,941.64. The disclosure for this sale can be found here. Insiders sold a total of 166,401 shares of company stock valued at $10,183,758 in the last three months. Insiders own 2.00% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Artisan Partners Limited Partnership bought a new stake in shares of Sensata Technologies during the 2nd quarter worth $21,086,000. Fulton Bank N.A. boosted its stake in shares of Sensata Technologies by 32.2% in the 3rd quarter. Fulton Bank N.A. now owns 6,270 shares of the scientific and technical instruments company’s stock valued at $343,000 after purchasing an additional 1,527 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Sensata Technologies by 1.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 42,195 shares of the scientific and technical instruments company’s stock valued at $2,309,000 after purchasing an additional 658 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Sensata Technologies by 29.5% in the 2nd quarter. Millennium Management LLC now owns 204,291 shares of the scientific and technical instruments company’s stock valued at $11,843,000 after purchasing an additional 46,519 shares during the last quarter. Finally, Natixis Advisors L.P. boosted its stake in Sensata Technologies by 2.4% during the 2nd quarter. Natixis Advisors L.P. now owns 185,670 shares of the scientific and technical instruments company’s stock worth $10,763,000 after acquiring an additional 4,423 shares during the last quarter. Hedge funds and other institutional investors own 96.16% of the company’s stock.
Sensata Technologies Company Profile
Sensata Technologies Holding Plc is a global industrial technology company, which engages in the designing, manufacturing, and marketing of electromechanical, electronic sensors and controls. The firm operates through the following two segments: Performance Sensing and Sensing Solutions. The Performance Sensing segment designs and manufactures sensors for the automotive and heavy vehicle and off-road markets.
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