Sensata Technologies (NYSE:ST) Price Target Cut to $39.00 by Analysts at UBS Group

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

A number of other brokerages have also weighed in on ST. TD Cowen reduced their price objective on Sensata Technologies from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday. Oppenheimer reduced their price target on Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating on the stock in a report on Tuesday. Wolfe Research assumed coverage on shares of Sensata Technologies in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Vertical Research started coverage on shares of Sensata Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $55.00 target price on the stock. Finally, Evercore ISI decreased their price target on shares of Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating for the company in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $41.00.

Sensata Technologies Stock Down 1.2 %

Shares of NYSE ST opened at $33.09 on Wednesday. The stock has a 50-day moving average price of $35.24 and a two-hundred day moving average price of $37.62. Sensata Technologies has a 12 month low of $30.56 and a 12 month high of $43.14. The company has a current ratio of 2.60, a quick ratio of 1.31 and a debt-to-equity ratio of 1.08. The company has a market cap of $4.95 billion, a price-to-earnings ratio of -61.28, a PEG ratio of 0.97 and a beta of 1.25.

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

Sensata Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Wednesday, November 13th. Sensata Technologies’s dividend payout ratio is currently -88.89%.

Institutional Trading of Sensata Technologies

Large investors have recently bought and sold shares of the business. Fifth Third Bancorp lifted its stake in shares of Sensata Technologies by 0.9% in the 2nd quarter. Fifth Third Bancorp now owns 29,509 shares of the scientific and technical instruments company’s stock valued at $1,103,000 after purchasing an additional 275 shares during the period. Assetmark Inc. lifted its stake in Sensata Technologies by 19.0% in the third quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company’s stock valued at $93,000 after buying an additional 416 shares during the period. Arizona State Retirement System boosted its holdings in shares of Sensata Technologies by 1.3% during the 2nd quarter. Arizona State Retirement System now owns 42,125 shares of the scientific and technical instruments company’s stock worth $1,575,000 after buying an additional 529 shares in the last quarter. Ariel Investments LLC grew its position in shares of Sensata Technologies by 7.0% during the 1st quarter. Ariel Investments LLC now owns 8,268 shares of the scientific and technical instruments company’s stock worth $304,000 after buying an additional 539 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Sensata Technologies by 1.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 46,114 shares of the scientific and technical instruments company’s stock valued at $1,654,000 after acquiring an additional 602 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.