UBS Group Cuts Sensata Technologies (NYSE:ST) Price Target to $39.00

Sensata Technologies (NYSE:ST) had its price objective cut by UBS Group from $44.00 to $39.00 in a research report released on Wednesday,Benzinga reports. They currently have a buy rating on the scientific and technical instruments company’s stock.

ST has been the subject of a number of other reports. The Goldman Sachs Group decreased their price target on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating for the company in a research note on Tuesday, October 1st. Bank of America reduced their target price on Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating for the company in a research note on Tuesday, July 30th. Evercore ISI cut their price target on Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating for the company in a report on Tuesday, October 15th. Robert W. Baird decreased their price objective on shares of Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Vertical Research assumed coverage on shares of Sensata Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $55.00 target price for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $41.00.

Sensata Technologies Stock Performance

Shares of ST opened at $33.09 on Wednesday. The firm has a market cap of $4.95 billion, a P/E ratio of -61.28, a PEG ratio of 0.97 and a beta of 1.25. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.31 and a current ratio of 2.60. Sensata Technologies has a twelve month low of $30.56 and a twelve month high of $43.14. The firm’s 50 day moving average price is $35.24 and its two-hundred day moving average price is $37.62.

Sensata Technologies (NYSE:ST) last released its quarterly earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.86. The firm had revenue of $982.80 million during the quarter, compared to the consensus estimate of $983.93 million. Sensata Technologies had a positive return on equity of 17.68% and a negative net margin of 1.98%. The business’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 EPS. On average, analysts forecast that Sensata Technologies will post 3.46 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.48 annualized dividend and a dividend yield of 1.45%. Sensata Technologies’s dividend payout ratio is presently -88.89%.

Institutional Trading of Sensata Technologies

Institutional investors have recently modified their holdings of the stock. Millennium Management LLC increased its position in shares of Sensata Technologies by 84.8% in the second quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company’s stock worth $189,158,000 after purchasing an additional 2,321,782 shares during the period. SG Americas Securities LLC grew its stake in Sensata Technologies by 2,624.2% during the first quarter. SG Americas Securities LLC now owns 918,082 shares of the scientific and technical instruments company’s stock worth $33,730,000 after buying an additional 884,381 shares in the last quarter. Eminence Capital LP increased its holdings in Sensata Technologies by 31.8% in the 2nd quarter. Eminence Capital LP now owns 3,423,317 shares of the scientific and technical instruments company’s stock valued at $127,998,000 after buying an additional 826,353 shares during the period. Capitolis Liquid Global Markets LLC acquired a new position in shares of Sensata Technologies in the 1st quarter valued at approximately $28,969,000. Finally, Victory Capital Management Inc. raised its position in shares of Sensata Technologies by 64.5% in the 2nd quarter. Victory Capital Management Inc. now owns 1,854,773 shares of the scientific and technical instruments company’s stock valued at $69,350,000 after buying an additional 727,521 shares in the last quarter. 99.42% of the stock is currently owned by 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.