Today, Sensata Technologies Holding NV (ST) Lowered by The Zacks Investment Research to Sell

Today, Sensata Technologies Holding NV (ST) Lowered by The Zacks Investment Research to Sell

Zacks Investment Research lowered shares of Sensata Technologies Holding NV (NYSE:ST) from a hold rating to a sell rating in a research note issued to investors on Thursday morning.

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. “

Several other equities analysts have also recently commented on ST. BMO Capital Markets restated a hold rating and set a $38.00 price target on shares of Sensata Technologies Holding NV in a report on Wednesday, July 27th. Citigroup Inc. boosted their price target on shares of Sensata Technologies Holding NV from $38.00 to $45.00 and gave the company a neutral rating in a report on Wednesday, July 27th. Oppenheimer Holdings Inc. boosted their price target on shares of Sensata Technologies Holding NV from $45.00 to $48.00 and gave the company an outperform rating in a report on Wednesday, July 27th. Finally, TheStreet upgraded shares of Sensata Technologies Holding NV from a hold rating to a buy rating in a report on Thursday, September 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $44.20.

Shares of Sensata Technologies Holding NV (NYSE:ST) opened at 38.09 on Thursday. The stock’s 50 day moving average price is $37.19 and its 200-day moving average price is $37.06. Sensata Technologies Holding NV has a 12 month low of $29.92 and a 12 month high of $46.90. The stock has a market capitalization of $6.51 billion, a price-to-earnings ratio of 15.73 and a beta of 1.37.

Sensata Technologies Holding NV (NYSE:ST) last posted its quarterly earnings data on Tuesday, October 25th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.01. Sensata Technologies Holding NV had a net margin of 13.19% and a return on equity of 27.16%. The firm had revenue of $789.80 million for the quarter, compared to analysts’ expectations of $156 million. During the same period in the previous year, the company posted $0.72 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities analysts forecast that Sensata Technologies Holding NV will post $2.87 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlueMountain Capital Management LLC acquired a new stake in Sensata Technologies Holding NV during the first quarter worth $103,000. Ledyard National Bank boosted its stake in Sensata Technologies Holding NV by 77.8% in the third quarter. Ledyard National Bank now owns 3,520 shares of the company’s stock worth $137,000 after buying an additional 1,540 shares during the last quarter. Acrospire Investment Management LLC boosted its stake in Sensata Technologies Holding NV by 227.3% in the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the company’s stock worth $126,000 after buying an additional 2,500 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in Sensata Technologies Holding NV by 10.3% in the second quarter. Daiwa Securities Group Inc. now owns 4,300 shares of the company’s stock worth $150,000 after buying an additional 400 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in Sensata Technologies Holding NV by 3.7% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 4,372 shares of the company’s stock worth $170,000 after buying an additional 157 shares during the last quarter. 98.62% of the stock is owned by institutional investors and hedge funds.

About Sensata Technologies Holding NV

Sensata Technologies Holding N.V. is a global 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. The Company produces a range of sensors and controls for applications, such as thermal circuit breakers in aircraft, pressure sensors in automotive systems, and bimetal current and temperature control devices in electric motors.

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