Sensata Technologies Holding NV (ST) Sees Unusually-High Trading Volume
Sensata Technologies Holding NV (NYSE:ST) saw an uptick in trading volume on Thursday . 1,043,798 shares changed hands during mid-day trading, an increase of 48% from the previous session’s volume of 704,459 shares.The stock last traded at $37.92 and had previously closed at $38.08.
A number of research firms recently weighed in on ST. TheStreet cut shares of Sensata Technologies Holding NV from a “buy” rating to a “hold” rating in a research report on Monday, July 25th. Oppenheimer Holdings Inc. increased their price objective on shares of Sensata Technologies Holding NV from $45.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. Royal Bank Of Canada lowered their price objective on shares of Sensata Technologies Holding NV from $40.00 to $38.00 and set a “sector perform” rating for the company in a research report on Friday, July 1st. BMO Capital Markets reaffirmed a “hold” rating and set a $38.00 price objective on shares of Sensata Technologies Holding NV in a research report on Wednesday, July 27th. Finally, Citigroup Inc. increased their price objective on shares of Sensata Technologies Holding NV from $38.00 to $45.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 27th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $45.73.
The stock has a market cap of $6.55 billion and a price-to-earnings ratio of 16.45. The firm’s 50 day moving average price is $37.94 and its 200 day moving average price is $36.72.
Sensata Technologies Holding NV (NYSE:ST) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The firm earned $827.50 million during the quarter, compared to analyst estimates of $823.41 million. During the same period in the prior year, the firm earned $0.73 EPS. The business’s quarterly revenue was up 7.4% on a year-over-year basis. Equities research analysts anticipate that Sensata Technologies Holding NV will post $2.88 earnings per share for the current fiscal year.
In other news, Director Michael J. Jacobson sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $38.71, for a total value of $270,970.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
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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