Sensata Technologies (NYSE:ST) Stock Rating Lowered by Barclays

Key Points

• Barclays downgraded Sensata Technologies from “overweight” to “equal weight” while keeping a $53 price target, implying only modest upside from the current share price.
• Analyst sentiment is mixed: recent reports included target-price increases from several firms, but the overall consensus remains “Hold” with an average target of $46.20.
• Sensata’s stock was trading near its 52-week high at $50.40, and the company recently reported quarterly EPS of $0.86 on revenue of $934.8 million.

Sensata Technologies (NYSE:ST - Get Free Report) was downgraded by stock analysts at Barclays from an "overweight" rating to an "equal weight" rating in a research note issued on Friday. They currently have a $53.00 target price on the scientific and technical instruments company's stock. Barclays's target price would indicate a potential upside of 5.16% from the stock's current price.

Other equities research analysts also recently issued reports about the stock. Wells Fargo & Company boosted their target price on shares of Sensata Technologies from $37.00 to $42.00 and gave the company an "equal weight" rating in a report on Wednesday, April 29th. Truist Financial raised shares of Sensata Technologies from a "hold" rating to a "buy" rating and increased their price target for the stock from $43.00 to $58.00 in a research note on Wednesday, May 13th. Oppenheimer lifted their price target on shares of Sensata Technologies from $50.00 to $55.00 and gave the company an "outperform" rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. upped their price objective on Sensata Technologies from $32.00 to $34.00 and gave the stock an "underweight" rating in a report on Monday, February 23rd. Finally, The Goldman Sachs Group increased their target price on Sensata Technologies from $48.00 to $60.00 and gave the stock a "buy" rating in a research report on Tuesday. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Sensata Technologies has an average rating of "Hold" and an average target price of $46.20.

Sensata Technologies Trading Down 0.2%

Shares of ST opened at $50.40 on Friday. Sensata Technologies has a fifty-two week low of $25.44 and a fifty-two week high of $50.78. The company has a market capitalization of $7.33 billion, a PE ratio of 162.58, a price-to-earnings-growth ratio of 1.46 and a beta of 1.21. The stock has a fifty day moving average of $41.11 and a two-hundred day moving average of $36.66. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.95 and a current ratio of 2.75.

Sensata Technologies (NYSE:ST - Get Free Report) last announced its quarterly earnings data 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 return on equity of 18.23% and a net margin of 1.28%. As a group, analysts forecast that Sensata Technologies will post 3.73 EPS for the current year.

Insider Buying and Selling at Sensata Technologies

In related news, EVP Lynne J. Caljouw sold 2,913 shares of the company's stock in a transaction 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 directly 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David K. Stott sold 6,335 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $47.40, for a total value of $300,279.00. Following the completion of the sale, the executive vice president owned 39,687 shares of the company's stock, valued at approximately $1,881,163.80. This represents a 13.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 11,728 shares of company stock worth $486,949 in the last 90 days. Company insiders own 0.65% of the company's stock.

Institutional Investors Weigh In On Sensata Technologies

A number of large investors have recently modified their holdings of ST. Woodline Partners LP lifted its position in Sensata Technologies by 165.4% during the 3rd quarter. Woodline Partners LP now owns 4,975,745 shares of the scientific and technical instruments company's stock worth $152,009,000 after acquiring an additional 3,100,927 shares in the last quarter. Pzena Investment Management LLC raised its stake in shares of Sensata Technologies by 380.4% during the fourth quarter. Pzena Investment Management LLC now owns 3,509,416 shares of the scientific and technical instruments company's stock valued at $116,828,000 after purchasing an additional 2,778,918 shares during the period. Norges Bank acquired a new position in shares of Sensata Technologies during the fourth quarter worth $62,966,000. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Sensata Technologies by 28.7% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,313,603 shares of the scientific and technical instruments company's stock worth $143,600,000 after purchasing an additional 961,457 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its stake in shares of 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 period. Institutional investors and hedge funds 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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