Sensata Technologies Holding PLC (NYSE:ST) – Research analysts at SunTrust Banks reduced their Q2 2019 earnings estimates for shares of Sensata Technologies in a research note issued to investors on Thursday, May 2nd. SunTrust Banks analyst W. Stein now expects that the scientific and technical instruments company will earn $0.94 per share for the quarter, down from their previous forecast of $1.00. SunTrust Banks has a “Hold” rating and a $54.00 price target on the stock. SunTrust Banks also issued estimates for Sensata Technologies’ Q3 2019 earnings at $1.03 EPS, Q4 2019 earnings at $1.16 EPS, FY2019 earnings at $3.98 EPS, Q1 2020 earnings at $1.05 EPS, Q2 2020 earnings at $1.14 EPS, Q4 2020 earnings at $1.12 EPS and FY2020 earnings at $4.43 EPS.
Several other analysts also recently issued reports on ST. Zacks Investment Research raised shares of Sensata Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, January 22nd. Jefferies Financial Group increased their price objective on shares of Sensata Technologies from $59.00 to $62.00 and gave the company a “buy” rating in a research report on Monday, March 18th. ValuEngine downgraded shares of Sensata Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Finally, JPMorgan Chase & Co. downgraded shares of Sensata Technologies from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $60.00 to $57.00 in a research report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $53.67.
NYSE ST opened at $50.60 on Monday. Sensata Technologies has a one year low of $40.78 and a one year high of $56.28. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.23 and a current ratio of 2.96. The company has a market capitalization of $8.88 billion, a P/E ratio of 13.86, a price-to-earnings-growth ratio of 1.11 and a beta of 1.32.
Sensata Technologies (NYSE:ST) last posted its quarterly earnings results on Wednesday, May 1st. The scientific and technical instruments company reported $0.85 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.85. Sensata Technologies had a net margin of 16.93% and a return on equity of 24.35%. The firm had revenue of $870.50 million for the quarter, compared to analyst estimates of $852.77 million. During the same quarter last year, the firm posted $0.85 earnings per share. Sensata Technologies’s revenue for the quarter was down 1.8% compared to the same quarter last year.
Several hedge funds have recently added to or reduced their stakes in ST. LPL Financial LLC grew its position in shares of Sensata Technologies by 14.5% during the third quarter. LPL Financial LLC now owns 22,515 shares of the scientific and technical instruments company’s stock worth $1,116,000 after buying an additional 2,856 shares in the last quarter. Man Group plc lifted its stake in Sensata Technologies by 327.8% during the third quarter. Man Group plc now owns 60,828 shares of the scientific and technical instruments company’s stock worth $3,014,000 after purchasing an additional 46,610 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in Sensata Technologies by 26.9% during the third quarter. Neuberger Berman Group LLC now owns 2,974,204 shares of the scientific and technical instruments company’s stock worth $147,404,000 after purchasing an additional 630,222 shares during the last quarter. Nordea Investment Management AB bought a new position in Sensata Technologies during the third quarter worth $505,000. Finally, Clearbridge Investments LLC lifted its stake in Sensata Technologies by 3,764.0% during the third quarter. Clearbridge Investments LLC now owns 1,171,763 shares of the scientific and technical instruments company’s stock worth $58,061,000 after purchasing an additional 1,141,438 shares during the last quarter. 94.35% of the stock is owned by institutional investors and hedge funds.
In other news, insider Jeffrey J. Cote sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $50.00, for a total transaction of $250,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Martha N. Sullivan sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $46.65, for a total transaction of $2,332,500.00. The disclosure for this sale can be found here. Insiders sold 215,000 shares of company stock valued at $10,548,600 in the last ninety days. 2.00% of the stock is owned by corporate insiders.
About Sensata Technologies
Sensata Technologies Holding plc, through its subsidiary, Sensata Technologies Holding N.V., develops, manufactures, and sells a range of sensors and controls in the Americas, Asia, Europe, and internationally. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment develops and manufactures pressure sensors, speed and position sensors, and temperature sensors.
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