Sensata Technologies (NYSE:ST) Upgraded by Truist Financial to “Buy” Rating

Sensata Technologies (NYSE:ST) was upgraded by Truist Financial from a “hold” rating to a “buy” rating in a report issued on Wednesday,Benzinga reports. The firm currently has a $58.00 price target on the scientific and technical instruments company’s stock, up from their previous price target of $43.00. Truist Financial’s price objective indicates a potential upside of 30.28% from the company’s previous close.

Several other equities research analysts have also issued reports on the stock. Wall Street Zen lowered shares of Sensata Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 2nd. The Goldman Sachs Group raised their price target on shares of Sensata Technologies from $43.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Weiss Ratings upgraded shares of Sensata Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 2nd. Oppenheimer raised their price target on shares of Sensata Technologies from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, UBS Group raised their price target on shares of Sensata Technologies from $45.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Sensata Technologies currently has an average rating of “Hold” and a consensus target price of $44.60.

Sensata Technologies Price Performance

Sensata Technologies stock opened at $44.52 on Wednesday. Sensata Technologies has a 52 week low of $24.69 and a 52 week high of $45.96. The company’s 50 day moving average price is $37.71 and its two-hundred day moving average price is $35.23. The company has a quick ratio of 1.95, a current ratio of 2.75 and a debt-to-equity ratio of 1.00. The stock has a market cap of $6.47 billion, a P/E ratio of 143.61, a P/E/G ratio of 1.31 and a beta of 1.21.

Sensata Technologies (NYSE:ST) last posted its earnings results on Tuesday, March 31st. The scientific and technical instruments company reported $0.86 EPS for the quarter. Sensata Technologies had a net margin of 1.28% and a return on equity of 18.23%. The firm had revenue of $934.80 million for the quarter. On average, equities analysts predict that Sensata Technologies will post 3.72 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Lynne J. Caljouw sold 2,913 shares of Sensata Technologies stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $34.71, for a total value of $101,110.23. Following the completion of the transaction, the executive vice president directly owned 72,842 shares in the company, valued at approximately $2,528,345.82. The trade was a 3.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 7,889 shares of company stock valued at $280,345. 0.65% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ST. Vanguard Group Inc. grew its position in shares of Sensata Technologies by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 14,997,522 shares of the scientific and technical instruments company’s stock valued at $458,174,000 after purchasing an additional 346,547 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Sensata Technologies by 2.3% during the 4th quarter. Janus Henderson Group PLC now owns 10,289,698 shares of the scientific and technical instruments company’s stock valued at $342,544,000 after purchasing an additional 230,113 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Sensata Technologies by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,391,230 shares of the scientific and technical instruments company’s stock valued at $260,302,000 after purchasing an additional 125,127 shares in the last quarter. Woodline Partners LP grew its position in shares of Sensata Technologies by 165.4% during the 3rd quarter. Woodline Partners LP now owns 4,975,745 shares of the scientific and technical instruments company’s stock valued at $152,009,000 after purchasing an additional 3,100,927 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Sensata Technologies by 28.7% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,313,603 shares of the scientific and technical instruments company’s stock valued at $143,600,000 after purchasing an additional 961,457 shares in the last quarter. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Sensata Technologies Company Profile

Sensata Technologies Holdings N.V. is a global industrial technology company specializing in the design, development and manufacture of sensors and electrical protection solutions. The company’s product portfolio includes pressure, temperature, position, speed, current and magnetic sensors, as well as circuit breakers and other protection devices. Sensata’s offerings serve a wide array of end markets, with a particularly strong presence in automotive original equipment manufacturers (OEMs), industrial automation, heating, ventilation and air conditioning (HVAC), commercial aerospace and renewable energy sectors.

Headquartered in Attleboro, Massachusetts, Sensata operates a network of manufacturing and engineering facilities across North America, Europe, Asia Pacific and Latin America.