UBS Group Has Lowered Expectations for Sensata Technologies (NYSE:ST) Stock Price

Sensata Technologies (NYSE:ST) had its target price lowered by equities research analysts at UBS Group from $38.00 to $37.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the scientific and technical instruments company’s stock. UBS Group’s price objective points to a potential upside of 28.31% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. Robert W. Baird decreased their target price on Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Truist Financial decreased their target price on Sensata Technologies from $38.00 to $33.00 and set a “hold” rating for the company in a research note on Tuesday, November 5th. Evercore ISI decreased their target price on Sensata Technologies from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Stifel Nicolaus decreased their target price on Sensata Technologies from $43.00 to $38.00 and set a “hold” rating for the company in a research note on Tuesday, November 5th. Finally, TD Cowen decreased their target price on Sensata Technologies from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $39.08.

Sensata Technologies Stock Up 2.9 %

Shares of ST opened at $28.84 on Wednesday. The stock has a fifty day simple moving average of $28.03 and a two-hundred day simple moving average of $32.63. The company has a quick ratio of 1.76, a current ratio of 2.60 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $4.31 billion, a PE ratio of -53.40, a price-to-earnings-growth ratio of 0.77 and a beta of 1.23. Sensata Technologies has a 52-week low of $24.91 and a 52-week high of $43.14.

Sensata Technologies (NYSE:ST) last released its earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share for the quarter, meeting the consensus estimate of $0.76. Sensata Technologies had a positive return on equity of 17.68% and a negative net margin of 1.98%. As a group, equities analysts forecast that Sensata Technologies will post 3.44 EPS for the current year.

Institutional Trading of Sensata Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new position in Sensata Technologies during the fourth quarter worth about $48,580,000. Merewether Investment Management LP purchased a new position in Sensata Technologies during the third quarter worth about $25,446,000. Boston Partners lifted its position in Sensata Technologies by 11.6% during the fourth quarter. Boston Partners now owns 6,526,941 shares of the scientific and technical instruments company’s stock worth $179,087,000 after buying an additional 677,316 shares during the period. FMR LLC lifted its position in Sensata Technologies by 18.9% during the third quarter. FMR LLC now owns 3,895,776 shares of the scientific and technical instruments company’s stock worth $139,703,000 after buying an additional 618,202 shares during the period. Finally, Copeland Capital Management LLC lifted its position in Sensata Technologies by 21.7% during the third quarter. Copeland Capital Management LLC now owns 1,788,320 shares of the scientific and technical instruments company’s stock worth $64,129,000 after buying an additional 319,424 shares during the period. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Sensata Technologies Company Profile

Sensata Technologies Holding plc develops, manufactures, and sells sensors and sensor-rich solutions, electrical protection components and systems, and other products used in mission-critical systems and applications in the United States and internationally. It operates in two segments, Performance Sensing and Sensing Solutions.