Sensata Technologies (NYSE:ST) Stock Rating Upgraded by Wall Street Zen

Key Points

• Sensata Technologies' stock rating has been upgraded from "hold" to "buy" by Wall Street Zen, indicating a positive outlook for the company's shares.
• Several financial institutions, including Truist Financial and Wells Fargo, have raised their price targets for Sensata Technologies, with the consensus target now set at $34.64.
• In the latest earnings report, Sensata Technologies beat analysts' expectations with an earnings per share of $0.87, despite a 8.9% decline in revenue compared to the prior year.

Sensata Technologies (NYSE:ST - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday.

ST has been the subject of several other reports. Truist Financial boosted their price target on shares of Sensata Technologies from $27.00 to $35.00 and gave the stock a "hold" rating in a research note on Wednesday. Wells Fargo & Company increased their target price on Sensata Technologies from $30.00 to $33.00 and gave the company an "equal weight" rating in a report on Wednesday. The Goldman Sachs Group lifted their price target on Sensata Technologies from $27.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Evercore ISI increased their price objective on Sensata Technologies from $27.00 to $30.00 and gave the company an "in-line" rating in a research note on Wednesday. Finally, UBS Group lifted their target price on shares of Sensata Technologies from $41.00 to $43.00 and gave the stock a "buy" rating in a research note on Wednesday. One equities 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 company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $34.64.

Sensata Technologies Price Performance

Sensata Technologies stock opened at $29.94 on Friday. The business's 50 day simple moving average is $29.73 and its 200 day simple moving average is $26.87. Sensata Technologies has a 12 month low of $17.32 and a 12 month high of $39.04. The company has a market cap of $4.36 billion, a price-to-earnings ratio of 39.92, a PEG ratio of 1.22 and a beta of 1.13. The company has a current ratio of 2.71, a quick ratio of 1.81 and a debt-to-equity ratio of 1.11.

Sensata Technologies (NYSE:ST - Get Free Report) last posted its earnings results on Tuesday, July 29th. The scientific and technical instruments company reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.03. The business had revenue of $943.38 million during the quarter, compared to analyst estimates of $928.25 million. Sensata Technologies had a return on equity of 16.88% and a net margin of 2.97%. The company's quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.93 EPS. Sell-side analysts forecast that Sensata Technologies will post 3.21 EPS for the current year.

Insider Buying and Selling

In other Sensata Technologies news, Director Andrew C. Teich acquired 9,925 shares of the firm's stock in a transaction on Friday, May 23rd. The stock was acquired at an average cost of $25.19 per share, for a total transaction of $250,010.75. Following the purchase, the director owned 41,117 shares in the company, valued at approximately $1,035,737.23. The trade was a 31.82% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.89% of the company's stock.

Institutional Investors Weigh In On Sensata Technologies

Several hedge funds have recently modified their holdings of ST. Teacher Retirement System of Texas raised its position in shares of Sensata Technologies by 26.9% in the second quarter. Teacher Retirement System of Texas now owns 27,767 shares of the scientific and technical instruments company's stock valued at $836,000 after buying an additional 5,888 shares during the last quarter. Bessemer Group Inc. raised its holdings in Sensata Technologies by 21.7% in the 2nd quarter. Bessemer Group Inc. now owns 11,091 shares of the scientific and technical instruments company's stock valued at $334,000 after acquiring an additional 1,977 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Sensata Technologies by 1.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 707,918 shares of the scientific and technical instruments company's stock valued at $21,315,000 after acquiring an additional 13,104 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its stake in Sensata Technologies by 12.4% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 73,774 shares of the scientific and technical instruments company's stock worth $2,221,000 after purchasing an additional 8,153 shares in the last quarter. Finally, Chicago Partners Investment Group LLC acquired a new position in shares of Sensata Technologies during the 2nd quarter worth approximately $353,000. 99.42% of the stock is owned by hedge funds and other institutional investors.

About Sensata Technologies

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.

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