Sensata Technologies (NYSE:ST) Shares Gap Down Following Analyst Downgrade

Shares of Sensata Technologies Holding N.V. (NYSE:ST) gapped down prior to trading on Wednesday after UBS Group lowered their price target on the stock from $54.00 to $51.00. The stock had previously closed at $42.32, but opened at $41.14. UBS Group currently has a buy rating on the stock. Sensata Technologies shares last traded at $41.26, with a volume of 185,080 shares traded.

A number of other research firms have also recently commented on ST. Barclays upped their price target on shares of Sensata Technologies from $53.00 to $55.00 and gave the stock an “equal weight” rating in a report on Monday, August 3rd. Oppenheimer boosted their price objective on shares of Sensata Technologies from $55.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Weiss Ratings cut shares of Sensata Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th. Truist Financial dropped their target price on shares of Sensata Technologies from $58.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Wall Street Zen lowered shares of Sensata Technologies from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 20th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $50.33.

Key Sensata Technologies News

Here are the key news stories impacting Sensata Technologies this week:

• Positive Sentiment: Strong third-quarter performance: Sensata reported third-quarter earnings of $1.13 per share, exceeding the $0.96 analyst consensus, while revenue reached approximately $1.0 billion versus expectations of $972.97 million. Revenue increased 7.7% year over year, providing the main fundamental catalyst for the stock. Sensata Technologies third-quarter earnings results
• Positive Sentiment: Barclays raised its price target: Barclays increased its target from $55 to $56 and maintained an “overweight” rating, implying substantial potential upside from current levels. Barclays raises Sensata price target
• Positive Sentiment: Analysts remain bullish despite modest target reductions: UBS lowered its target from $54 to $51 but retained a “buy” rating, while Truist reduced its target from $58 to $57 and also maintained a “buy” rating. Both targets remain well above the current share price. Truist adjusts Sensata price target
• Positive Sentiment: Value-oriented investor interest: A Zacks analysis described Sensata as a strong value stock, potentially attracting investors seeking favorable fundamental characteristics. Zacks Sensata value stock analysis
• Neutral Sentiment: Fourth-quarter outlook under review: Sensata issued fourth-quarter earnings guidance, but the available report does not provide the figures. Investors will compare that outlook with the strong third-quarter results and assess whether momentum can continue. Sensata fourth-quarter guidance

Institutional Trading of Sensata Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vise Technologies Inc. lifted its position in shares of Sensata Technologies by 40.0% during the third quarter. Vise Technologies Inc. now owns 11,738 shares of the scientific and technical instruments company’s stock valued at $488,000 after buying an additional 3,351 shares during the last quarter. State of Wyoming grew its position in shares of Sensata Technologies by 52.6% in the 3rd quarter. State of Wyoming now owns 17,334 shares of the scientific and technical instruments company’s stock worth $720,000 after buying an additional 5,974 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in shares of Sensata Technologies by 2.9% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 103,950 shares of the scientific and technical instruments company’s stock worth $4,320,000 after buying an additional 2,900 shares during the last quarter. Signaturefd LLC grew its position in shares of Sensata Technologies by 124.1% in the 3rd quarter. Signaturefd LLC now owns 2,302 shares of the scientific and technical instruments company’s stock worth $96,000 after buying an additional 1,275 shares during the last quarter. Finally, Simplicity Wealth LLC bought a new position in shares of Sensata Technologies during the 3rd quarter worth approximately $208,000. 99.42% of the stock is currently owned by institutional investors.

Sensata Technologies Stock Performance

The firm’s 50 day moving average is $41.92 and its 200 day moving average is $41.82. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.58 and a current ratio of 2.39. The stock has a market cap of $6.02 billion, a P/E ratio of 10.59, a price-to-earnings-growth ratio of 1.22 and a beta of 1.25.

Sensata Technologies (NYSE:ST) last released its quarterly earnings results on Tuesday, October 27th. The scientific and technical instruments company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.17. Sensata Technologies had a net margin of 9.52% and a return on equity of 19.38%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $972.97 million. During the same period in the previous year, the company earned $0.89 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. Analysts anticipate that Sensata Technologies Holding N.V. will post 3.80 EPS for the current year.

Sensata Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Wednesday, November 11th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, November 10th. Sensata Technologies’s dividend payout ratio (DPR) is currently 80.00%.

About Sensata Technologies

Sensata Technologies Holding plc (NYSE: ST) is a global developer and manufacturer of sensing, control and protection solutions. The company supplies components that help monitor conditions, improve safety and efficiency, and support automated decision-making in vehicles, industrial equipment and other systems.

Its products include pressure, temperature, position, speed, force, current and fluid-level sensors, along with circuit breakers, controls and other protection devices. Sensata’s technologies are used in applications such as automotive systems, heavy-duty vehicles, industrial machinery, heating and air-conditioning equipment, aerospace and defense, energy infrastructure, and data centers.

Sensata serves original equipment manufacturers and other industrial customers across North America, Europe, Asia and additional international markets.