Sensata Technologies (NYSE:ST) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday.

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. “

ST has been the topic of several other research reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $55.00 price objective on shares of Sensata Technologies in a research report on Thursday, October 26th. Royal Bank of Canada reaffirmed a “buy” rating and set a $55.00 price objective on shares of Sensata Technologies in a research report on Wednesday, December 13th. Oppenheimer reaffirmed a “buy” rating on shares of Sensata Technologies in a research report on Tuesday, October 24th. SunTrust Banks reaffirmed a “buy” rating and set a $53.00 price objective on shares of Sensata Technologies in a research report on Thursday, October 12th. Finally, JPMorgan Chase & Co. set a $60.00 price objective on shares of Sensata Technologies and gave the company a “buy” rating in a research report on Wednesday, December 13th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $55.00.

Sensata Technologies (NYSE:ST) traded up $0.81 during midday trading on Thursday, hitting $54.16. 1,033,172 shares of the stock were exchanged, compared to its average volume of 999,080. The company has a quick ratio of 2.04, a current ratio of 2.76 and a debt-to-equity ratio of 1.49. The stock has a market capitalization of $9,277.39, a price-to-earnings ratio of 30.43, a price-to-earnings-growth ratio of 1.52 and a beta of 1.47. Sensata Technologies has a 1-year low of $38.71 and a 1-year high of $54.21.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings results on Tuesday, October 24th. The scientific and technical instruments company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.01. The business had revenue of $819.10 million during the quarter, compared to analyst estimates of $803.14 million. Sensata Technologies had a net margin of 9.39% and a return on equity of 25.75%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.74 earnings per share. equities research analysts predict that Sensata Technologies will post 3.17 EPS for the current fiscal year.

In other news, Director Paul B. Edgerley purchased 200,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were bought at an average price of $47.47 per share, with a total value of $9,494,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Steven Beringhause sold 7,588 shares of Sensata Technologies stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $51.18, for a total transaction of $388,353.84. The disclosure for this sale can be found here. In the last three months, insiders sold 87,588 shares of company stock worth $4,258,599. Insiders own 1.00% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Skba Capital Management LLC bought a new position in shares of Sensata Technologies in the third quarter valued at approximately $201,000. Tredje AP fonden raised its position in shares of Sensata Technologies by 174.7% in the second quarter. Tredje AP fonden now owns 4,780 shares of the scientific and technical instruments company’s stock valued at $204,000 after purchasing an additional 3,040 shares during the period. Aberdeen Asset Management PLC UK bought a new position in shares of Sensata Technologies in the second quarter valued at approximately $206,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Sensata Technologies in the second quarter valued at approximately $216,000. Finally, Saturna Capital CORP bought a new position in shares of Sensata Technologies in the third quarter valued at approximately $249,000.

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Sensata Technologies Company Profile

Sensata Technologies Holding N.V. is an 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. It produces a range of sensors and controls for applications, such as pressure sensors in automotive systems, thermal circuit breakers in aircraft, and bimetal current and temperature control devices.

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