Sensata Technologies (NYSE:ST) Cut to Equal Weight at Barclays

Sensata Technologies (NYSE:ST) was downgraded by equities research analysts at Barclays from an “overweight” rating to an “equal weight” rating in a report released on Friday. They presently have a $53.00 price target on the scientific and technical instruments company’s stock. Barclays‘s price target would indicate a potential upside of 5.16% from the stock’s current price.

ST has been the topic of several other reports. UBS Group upped their price target on shares of Sensata Technologies from $45.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. The Goldman Sachs Group increased their target price on Sensata Technologies from $48.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. upped their price target on Sensata Technologies from $32.00 to $34.00 and gave the company an “underweight” rating in a research report on Monday, February 23rd. Truist Financial upgraded Sensata Technologies from a “hold” rating to a “buy” rating and raised their price objective for the stock from $43.00 to $58.00 in a research note on Wednesday, May 13th. Finally, Weiss Ratings raised shares of Sensata Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $46.20.

Sensata Technologies Trading Down 0.2%

NYSE:ST opened at $50.40 on Friday. The stock has a market cap of $7.33 billion, a price-to-earnings ratio of 162.58, a price-to-earnings-growth ratio of 1.46 and a beta of 1.21. Sensata Technologies has a one year low of $25.44 and a one year high of $50.78. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.95 and a current ratio of 2.75. The business’s 50-day simple moving average is $41.11 and its 200 day simple moving average is $36.66.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings data on Tuesday, March 31st. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter. Sensata Technologies had a return on equity of 18.23% and a net margin of 1.28%.The company had revenue of $934.80 million for the quarter. As a group, sell-side analysts predict that Sensata Technologies will post 3.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Lynne J. Caljouw sold 2,913 shares of the stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $34.71, for a total transaction of $101,110.23. Following the sale, the executive vice president directly owned 72,842 shares in the company, valued at approximately $2,528,345.82. This represents a 3.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David K. Stott sold 6,335 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $47.40, for a total value of $300,279.00. Following the completion of the sale, the executive vice president directly owned 39,687 shares in the company, valued at approximately $1,881,163.80. This trade represents a 13.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 11,728 shares of company stock worth $486,949 over the last quarter. Insiders own 0.65% of the company’s stock.

Hedge Funds Weigh In On Sensata Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the company. Woodline Partners LP grew its position in shares of Sensata Technologies by 165.4% during the third quarter. Woodline Partners LP now owns 4,975,745 shares of the scientific and technical instruments company’s stock worth $152,009,000 after acquiring an additional 3,100,927 shares during the last quarter. Pzena Investment Management LLC lifted its position in Sensata Technologies by 380.4% in the 4th quarter. Pzena Investment Management LLC now owns 3,509,416 shares of the scientific and technical instruments company’s stock valued at $116,828,000 after purchasing an additional 2,778,918 shares during the last quarter. Norges Bank acquired a new position in Sensata Technologies during the 4th quarter valued at about $62,966,000. Barrow Hanley Mewhinney & Strauss LLC grew its position in Sensata Technologies by 28.7% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,313,603 shares of the scientific and technical instruments company’s stock worth $143,600,000 after purchasing an additional 961,457 shares during the last quarter. Finally, Quantinno Capital Management LP grew its position in Sensata Technologies by 45.5% in the 1st quarter. Quantinno Capital Management LP now owns 2,402,063 shares of the scientific and technical instruments company’s stock worth $84,601,000 after purchasing an additional 750,646 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

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.