Zacks Investment Research downgraded 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. “

A number of other brokerages have also issued reports on ST. TheStreet lowered Sensata Technologies Holding NV from a buy rating to a hold rating in a research report on Monday, October 31st. Citigroup Inc. increased their price objective on Sensata Technologies Holding NV from $38.00 to $45.00 and gave the company a neutral rating in a research note on Wednesday, July 27th. Oppenheimer Holdings Inc. increased their price objective on Sensata Technologies Holding NV from $45.00 to $48.00 and gave the company an outperform rating in a research note on Wednesday, July 27th. Finally, BMO Capital Markets reissued a hold rating and issued a $38.00 price objective on shares of Sensata Technologies Holding NV in a research note on Wednesday, July 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $44.20.

Analyst Recommendations for Sensata Technologies Holding NV (NYSE:ST)

Shares of Sensata Technologies Holding NV (NYSE:ST) opened at 36.99 on Thursday. The stock has a market capitalization of $6.32 billion, a price-to-earnings ratio of 15.28 and a beta of 1.37. Sensata Technologies Holding NV has a 52 week low of $29.92 and a 52 week high of $46.38. The stock’s 50 day moving average is $37.02 and its 200-day moving average is $37.14.

Sensata Technologies Holding NV (NYSE:ST) last announced its earnings results on Tuesday, October 25th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. Sensata Technologies Holding NV had a return on equity of 27.16% and a net margin of 13.19%. The firm had revenue of $789.80 million for the quarter, compared to analyst estimates of $156 million. During the same quarter last year, the firm posted $0.72 EPS. The business’s revenue was up 8.6% on a year-over-year basis. On average, analysts anticipate that Sensata Technologies Holding NV will post $2.87 earnings per share for the current fiscal year.

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Several hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its stake in shares of Sensata Technologies Holding NV by 1.5% in the third quarter. Price T Rowe Associates Inc. MD now owns 23,245,715 shares of the company’s stock worth $901,469,000 after buying an additional 348,201 shares during the period. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Sensata Technologies Holding NV during the third quarter worth about $1,838,000. Xact Kapitalforvaltning AB bought a new stake in shares of Sensata Technologies Holding NV during the third quarter worth about $1,625,000. The Manufacturers Life Insurance Company bought a new stake in shares of Sensata Technologies Holding NV during the third quarter worth about $64,994,000. Finally, Hsbc Holdings PLC increased its stake in shares of Sensata Technologies Holding NV by 20.7% in the third quarter. Hsbc Holdings PLC now owns 20,335 shares of the company’s stock worth $789,000 after buying an additional 3,483 shares during the period. 92.70% of the stock is owned by institutional investors and hedge funds.

Sensata Technologies Holding NV Company Profile

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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