Sensata Technologies (NYSE:ST) Price Target Raised to $41.00 at UBS Group

Sensata Technologies (NYSE:ST - Get Free Report) had its price target raised by equities researchers at UBS Group from $34.00 to $41.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the scientific and technical instruments company's stock. UBS Group's price target suggests a potential upside of 31.04% from the stock's current price.

Several other equities analysts have also recently issued reports on ST. The Goldman Sachs Group lifted their price objective on shares of Sensata Technologies from $27.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Robert W. Baird decreased their price target on shares of Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Evercore ISI cut Sensata Technologies from an "outperform" rating to an "inline" rating and dropped their price target for the company from $40.00 to $27.00 in a report on Thursday, April 3rd. Wall Street Zen downgraded Sensata Technologies from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. Finally, JPMorgan Chase & Co. decreased their target price on Sensata Technologies from $27.00 to $21.00 and set an "underweight" rating on the stock in a report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Sensata Technologies currently has an average rating of "Hold" and a consensus target price of $34.58.

Sensata Technologies Price Performance

NYSE ST traded up $0.20 on Monday, reaching $31.29. 337,481 shares of the stock traded hands, compared to its average volume of 1,651,136. Sensata Technologies has a 12 month low of $17.32 and a 12 month high of $42.29. The company has a market cap of $4.58 billion, a price-to-earnings ratio of 38.57, a P/E/G ratio of 1.34 and a beta of 1.13. The firm's fifty day simple moving average is $28.40 and its 200 day simple moving average is $26.52. The company has a quick ratio of 1.81, a current ratio of 2.64 and a debt-to-equity ratio of 1.12.

Sensata Technologies (NYSE:ST - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The scientific and technical instruments company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.06. Sensata Technologies had a return on equity of 17.12% and a net margin of 3.19%. The business had revenue of $911.26 million during the quarter, compared to analyst estimates of $878.39 million. During the same quarter in the prior year, the firm posted $0.89 earnings per share. The company's revenue was down 9.5% on a year-over-year basis. As a group, research analysts predict that Sensata Technologies will post 3.21 EPS for the current fiscal year.

Insider Transactions at Sensata Technologies

In other Sensata Technologies news, Director Andrew C. Teich bought 9,925 shares of the stock in a transaction on Friday, May 23rd. The shares were bought at an average price of $25.19 per share, with a total value of $250,010.75. Following the purchase, the director directly owned 41,117 shares in the company, valued at $1,035,737.23. The trade was a 31.82% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.89% of the company's stock.

Institutional Trading of Sensata Technologies

Institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its position in Sensata Technologies by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,060,537 shares of the scientific and technical instruments company's stock worth $29,059,000 after buying an additional 19,233 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Sensata Technologies during the fourth quarter worth $5,639,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Sensata Technologies by 6.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,396 shares of the scientific and technical instruments company's stock valued at $997,000 after purchasing an additional 2,281 shares during the last quarter. HighTower Advisors LLC boosted its position in Sensata Technologies by 9.4% during the fourth quarter. HighTower Advisors LLC now owns 15,627 shares of the scientific and technical instruments company's stock valued at $428,000 after purchasing an additional 1,349 shares during the last quarter. Finally, Swiss National Bank grew its stake in Sensata Technologies by 0.9% in the fourth quarter. Swiss National Bank now owns 296,900 shares of the scientific and technical instruments company's stock valued at $8,135,000 after purchasing an additional 2,600 shares in the last quarter. 99.42% of the stock is currently owned by institutional investors and hedge funds.

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.