UBS Group Issues Pessimistic Forecast for Sensata Technologies (NYSE:ST) Stock Price

Sensata Technologies (NYSE:ST) had its price target cut by UBS Group from $37.00 to $30.00 in a research note released on Thursday morning,Benzinga reports. They currently have a buy rating on the scientific and technical instruments company’s stock.

A number of other research firms also recently weighed in on ST. Evercore ISI downgraded Sensata Technologies from an “outperform” rating to an “inline” rating and decreased their price target for the company from $40.00 to $27.00 in a research note on Thursday, April 3rd. The Goldman Sachs Group raised shares of Sensata Technologies from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $31.00 to $27.00 in a research report on Thursday. Finally, Oppenheimer decreased their price objective on shares of Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $36.73.

Sensata Technologies Stock Down 6.9 %

Shares of Sensata Technologies stock opened at $19.44 on Thursday. Sensata Technologies has a 52-week low of $17.32 and a 52-week high of $43.14. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.99 and a current ratio of 2.85. The business’s 50 day simple moving average is $26.18 and its 200 day simple moving average is $29.59. The firm has a market cap of $2.91 billion, a PE ratio of 23.14, a P/E/G ratio of 1.25 and a beta of 1.12.

Sensata Technologies (NYSE:ST) last released its earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.76. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. On average, analysts predict that Sensata Technologies will post 3.21 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend was Wednesday, February 12th. Sensata Technologies’s payout ratio is 57.14%.

Institutional Trading of Sensata Technologies

Several hedge funds have recently added to or reduced their stakes in ST. Janus Henderson Group PLC increased its position in Sensata Technologies by 0.5% during the 4th quarter. Janus Henderson Group PLC now owns 9,767,232 shares of the scientific and technical instruments company’s stock worth $267,621,000 after buying an additional 44,233 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Sensata Technologies by 36.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,821,428 shares of the scientific and technical instruments company’s stock worth $214,308,000 after purchasing an additional 2,088,161 shares in the last quarter. Boston Partners boosted its holdings in Sensata Technologies by 11.6% in the 4th quarter. Boston Partners now owns 6,526,941 shares of the scientific and technical instruments company’s stock valued at $179,087,000 after purchasing an additional 677,316 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Sensata Technologies by 12.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,808,186 shares of the scientific and technical instruments company’s stock worth $159,143,000 after purchasing an additional 648,028 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Sensata Technologies by 0.4% during the third quarter. State Street Corp now owns 5,470,903 shares of the scientific and technical instruments company’s stock worth $196,187,000 after purchasing an additional 23,946 shares during the period. 99.42% of the stock is 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.