Sensata Technologies (NYSE:ST) Given New $48.00 Price Target at Barclays

Key Points

• Barclays raised its price target on Sensata Technologies from $44 to $48 and kept an overweight rating, implying roughly a 24.6% upside from the current share price.
• Despite Barclays' upgrade, the analyst consensus remains a Hold with a $40.60 average target (4 Buys, 6 Holds, 1 Sell), indicating mixed sentiment among analysts.
• Sensata slightly beat quarterly expectations with $0.88 EPS vs. $0.86 forecast and $917.9M revenue; the stock trades near $38.52, has a $5.62B market cap and a high P/E of about 203x.

Sensata Technologies (NYSE:ST - Get Free Report) had its target price hoisted by analysts at Barclays from $44.00 to $48.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an "overweight" rating on the scientific and technical instruments company's stock. Barclays's price objective suggests a potential upside of 24.63% from the company's current price.

A number of other research analysts also recently issued reports on ST. Robert W. Baird lifted their price objective on shares of Sensata Technologies from $39.00 to $40.00 and gave the stock a "neutral" rating in a research report on Friday, February 20th. Weiss Ratings raised shares of Sensata Technologies from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, March 2nd. Truist Financial lifted their price objective on shares of Sensata Technologies from $35.00 to $38.00 and gave the stock a "hold" rating in a research report on Friday, February 20th. JPMorgan Chase & Co. lifted their price objective on shares of Sensata Technologies from $32.00 to $34.00 and gave the stock an "underweight" rating in a research report on Monday, February 23rd. Finally, Wells Fargo & Company lifted their price objective on shares of Sensata Technologies from $34.00 to $37.00 and gave the stock an "equal weight" rating in a research report on Monday, January 12th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Sensata Technologies has a consensus rating of "Hold" and a consensus target price of $40.60.

Sensata Technologies Price Performance

Sensata Technologies stock opened at $38.52 on Monday. The firm has a 50-day moving average of $35.69 and a two-hundred day moving average of $33.71. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.57 and a quick ratio of 1.78. Sensata Technologies has a 1 year low of $18.57 and a 1 year high of $39.44. The stock has a market cap of $5.62 billion, a price-to-earnings ratio of 203.43, a price-to-earnings-growth ratio of 1.15 and a beta of 1.14.

Sensata Technologies (NYSE:ST - Get Free Report) last announced its quarterly earnings results on Saturday, February 14th. The scientific and technical instruments company reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.02. The firm had revenue of $917.88 million during the quarter, compared to analyst estimates of $911.03 million. Sensata Technologies had a return on equity of 17.92% and a net margin of 0.83%.Sensata Technologies's quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.76 earnings per share. On average, research analysts forecast that Sensata Technologies will post 3.21 earnings per share for the current year.

Insider Activity at Sensata Technologies

In related news, EVP Lynne J. Caljouw sold 2,913 shares of the firm's stock in a transaction dated 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 directly owned 72,842 shares in the company, valued at approximately $2,528,345.82. This trade represents a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 7,889 shares of company stock valued at $280,345 in the last ninety days. 0.89% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. UMB Bank n.a. boosted its stake in Sensata Technologies by 20.5% during the fourth quarter. UMB Bank n.a. now owns 1,678 shares of the scientific and technical instruments company's stock worth $56,000 after buying an additional 286 shares during the period. Inscription Capital LLC boosted its stake in Sensata Technologies by 1.4% during the fourth quarter. Inscription Capital LLC now owns 27,946 shares of the scientific and technical instruments company's stock worth $930,000 after buying an additional 393 shares during the period. Quadrant Capital Group LLC boosted its stake in Sensata Technologies by 3.8% during the third quarter. Quadrant Capital Group LLC now owns 10,981 shares of the scientific and technical instruments company's stock worth $335,000 after buying an additional 397 shares during the period. Parallel Advisors LLC boosted its stake in shares of Sensata Technologies by 62.7% in the fourth quarter. Parallel Advisors LLC now owns 1,072 shares of the scientific and technical instruments company's stock valued at $36,000 after purchasing an additional 413 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Sensata Technologies by 4.8% in the third quarter. PNC Financial Services Group Inc. now owns 9,338 shares of the scientific and technical instruments company's stock valued at $285,000 after purchasing an additional 426 shares during the period. Hedge funds and other institutional investors own 99.42% of the company's stock.

Sensata Technologies Company Profile

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.

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