Sensata Technologies (NYSE:ST) Price Target Raised to $43.00 at Truist Financial

Sensata Technologies (NYSE:STGet Free Report) had its target price increased by Truist Financial from $38.00 to $43.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the scientific and technical instruments company’s stock. Truist Financial’s price objective would indicate a potential upside of 3.35% from the stock’s previous close.

A number of other equities analysts have also weighed in on the company. Wall Street Zen upgraded Sensata Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 4th. Barclays increased their price objective on Sensata Technologies from $44.00 to $48.00 and gave the stock an “overweight” rating in a research report on Monday, April 13th. Robert W. Baird boosted their target price on shares of Sensata Technologies from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Oppenheimer raised their price target on shares of Sensata Technologies from $43.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Finally, UBS Group boosted their price objective on shares of Sensata Technologies from $43.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $41.30.

View Our Latest Report on Sensata Technologies

Sensata Technologies Stock Performance

ST traded up $0.08 during trading hours on Wednesday, reaching $41.61. The company’s stock had a trading volume of 143,354 shares, compared to its average volume of 1,879,379. Sensata Technologies has a 52 week low of $20.57 and a 52 week high of $42.55. The firm has a market cap of $6.07 billion, a PE ratio of 214.83, a price-to-earnings-growth ratio of 1.24 and a beta of 1.14. The company’s 50-day moving average is $36.72 and its 200-day moving average is $34.55. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.78 and a current ratio of 2.57.

Sensata Technologies (NYSE:STGet Free Report) last announced its earnings results on Tuesday, March 31st. The scientific and technical instruments company reported $0.86 EPS for the quarter. The business had revenue of $934.80 million during the quarter. Sensata Technologies had a net margin of 0.83% and a return on equity of 17.92%. On average, equities analysts forecast that Sensata Technologies will post 3.65 EPS for the current year.

Insider Activity at Sensata Technologies

In other news, EVP Lynne J. Caljouw sold 2,913 shares of the company’s stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $34.71, for a total transaction of $101,110.23. Following the completion of the sale, the executive vice president owned 72,842 shares of the company’s stock, valued at approximately $2,528,345.82. This represents a 3.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have sold 7,889 shares of company stock valued at $280,345. 0.89% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sensata Technologies

Hedge funds and other institutional investors have recently modified their holdings of the business. Caprock Group LLC bought a new position in Sensata Technologies in the third quarter valued at about $1,566,000. First Citizens Bank & Trust Co. acquired a new position in Sensata Technologies during the 3rd quarter worth approximately $1,002,000. CWA Asset Management Group LLC bought a new position in Sensata Technologies in the 4th quarter valued at approximately $1,133,000. Allspring Global Investments Holdings LLC acquired a new stake in Sensata Technologies in the third quarter valued at approximately $864,000. Finally, Seizert Capital Partners LLC acquired a new position in shares of Sensata Technologies during the third quarter worth $1,865,000. Institutional investors own 99.42% of the company’s stock.

Sensata Technologies News Summary

Here are the key news stories impacting Sensata Technologies this week:

About Sensata Technologies

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Sensata Technologies (NYSE:ST)

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