Sensata Technologies (NYSE:ST) Given New $51.00 Price Target at UBS Group

Sensata Technologies (NYSE:ST) had its target price cut by stock analysts at UBS Group from $54.00 to $51.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the scientific and technical instruments company’s stock. UBS Group‘s price target suggests a potential upside of 24.69% from the stock’s previous close.

A number of other research analysts have also recently issued reports on ST. Truist Financial lowered their price target on shares of Sensata Technologies from $58.00 to $57.00 and set a “buy” rating for the company in a research report on Wednesday. Weiss Ratings downgraded shares of Sensata Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th. Wall Street Zen lowered shares of Sensata Technologies from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 20th. Oppenheimer lifted their price objective on Sensata Technologies from $55.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Finally, Bank of America boosted their price target on Sensata Technologies from $46.00 to $48.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $48.40.

Sensata Technologies Trading Down 3.3%

ST stock traded down $1.42 during trading on Wednesday, hitting $40.90. 3,197,476 shares of the company traded hands, compared to its average volume of 1,827,600. The firm has a market capitalization of $5.95 billion, a PE ratio of 68.17, a P/E/G ratio of 1.22 and a beta of 1.25. Sensata Technologies has a 1 year low of $28.16 and a 1 year high of $53.89. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.58 and a current ratio of 2.29. The company has a 50-day moving average of $42.00 and a 200-day moving average of $41.77.

Sensata Technologies (NYSE:ST) last released its quarterly earnings results on Tuesday, October 27th. The scientific and technical instruments company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.17. Sensata Technologies had a return on equity of 18.68% and a net margin of 2.37%. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $972.97 million. During the same quarter in the prior year, the company posted $0.89 EPS. Sensata Technologies’s quarterly revenue was up 7.7% compared to the same quarter last year. Analysts predict that Sensata Technologies will post 3.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quantinno Capital Management LP boosted its holdings in Sensata Technologies by 45.5% in the first quarter. Quantinno Capital Management LP now owns 2,402,063 shares of the scientific and technical instruments company’s stock valued at $84,601,000 after purchasing an additional 750,646 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Sensata Technologies by 29.8% during the 1st quarter. Bank of New York Mellon Corp now owns 1,356,087 shares of the scientific and technical instruments company’s stock valued at $47,761,000 after acquiring an additional 311,424 shares during the period. Squarepoint Ops LLC grew its position in shares of Sensata Technologies by 1,897.5% during the 2nd quarter. Squarepoint Ops LLC now owns 258,411 shares of the scientific and technical instruments company’s stock valued at $12,337,000 after acquiring an additional 245,474 shares during the period. SummitTX Capital L.P. purchased a new position in shares of Sensata Technologies in the 1st quarter valued at about $8,173,000. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Sensata Technologies by 347.0% in the 1st quarter. Public Employees Retirement System of Ohio now owns 195,144 shares of the scientific and technical instruments company’s stock valued at $6,873,000 after purchasing an additional 151,487 shares in the last quarter. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Key Sensata Technologies News

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

• Positive Sentiment: Sensata reported third-quarter adjusted earnings of $1.13 per share, beating the $0.96 consensus estimate, while revenue reached approximately $1.0 billion versus expectations of $972.97 million. Revenue increased 7.7% year over year and EPS rose from $0.89 in the prior-year quarter. Sensata Beats Q3 Earnings and Revenue Estimates
• Positive Sentiment: Truist Financial maintained a Buy rating and lowered its price target modestly from $58 to $57. The revised target still implies substantial upside from recent trading levels, signaling that the analyst views the pullback as an opportunity despite near-term concerns. Truist Adjusts Sensata Price Target and Maintains Buy Rating
• Positive Sentiment: Zacks identified ST as a strong value stock, which could attract investors focused on valuation following the recent weakness. Why Sensata Is a Strong Value Stock
• Neutral Sentiment: The stock crossed above its 200-day moving average, a technical signal that may support bullish momentum, although traders are assessing whether the move can hold after the earnings-related volatility. Sensata Stock Crosses Above 200-Day Moving Average
• Negative Sentiment: Management’s fourth-quarter revenue guidance was viewed as weak, prompting concern about slower near-term demand and limiting the market’s reaction to the third-quarter beat. Sensata Falls on Weak Fourth-Quarter Revenue Guidance

Sensata Technologies Company Profile

Sensata Technologies Holding plc (NYSE: ST) is a global developer and manufacturer of sensing, control and protection solutions. The company supplies components that help monitor conditions, improve safety and efficiency, and support automated decision-making in vehicles, industrial equipment and other systems.

Its products include pressure, temperature, position, speed, force, current and fluid-level sensors, along with circuit breakers, controls and other protection devices. Sensata’s technologies are used in applications such as automotive systems, heavy-duty vehicles, industrial machinery, heating and air-conditioning equipment, aerospace and defense, energy infrastructure, and data centers.

Sensata serves original equipment manufacturers and other industrial customers across North America, Europe, Asia and additional international markets.