Sensata Technologies (NYSE:ST) Given New $30.00 Price Target at UBS Group

Sensata Technologies (NYSE:ST) had its target price dropped by equities research analysts at UBS Group from $37.00 to $30.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the scientific and technical instruments company’s stock. UBS Group’s price target points to a potential upside of 54.00% from the company’s previous close.

ST has been the subject of several other reports. Oppenheimer reduced their target price on Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. The Goldman Sachs Group raised shares of Sensata Technologies from a “neutral” rating to a “buy” rating and lowered their target price for the company from $31.00 to $27.00 in a report on Thursday. Finally, Evercore ISI cut shares of Sensata Technologies from an “outperform” rating to an “inline” rating and cut their price target for the stock from $40.00 to $27.00 in a report on Thursday, April 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $36.73.

Sensata Technologies Price Performance

NYSE ST traded down $1.40 during mid-day trading on Thursday, hitting $19.48. The stock had a trading volume of 1,588,739 shares, compared to its average volume of 1,782,590. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.85 and a quick ratio of 1.99. The firm’s 50 day moving average is $26.31 and its 200 day moving average is $29.71. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of 23.31, a PEG ratio of 1.25 and a beta of 1.12. Sensata Technologies has a twelve month low of $17.32 and a twelve month high of $43.14.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings data 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 return on equity of 17.54% and a net margin of 3.27%. Equities research analysts forecast that Sensata Technologies will post 3.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new position in Sensata Technologies during the fourth quarter worth about $48,580,000. State Street Corp lifted its stake in Sensata Technologies by 0.4% in the 3rd quarter. State Street Corp now owns 5,470,903 shares of the scientific and technical instruments company’s stock valued at $196,187,000 after buying an additional 23,946 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Sensata Technologies by 66.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 660,568 shares of the scientific and technical instruments company’s stock valued at $23,688,000 after buying an additional 264,334 shares during the last quarter. Prudential Financial Inc. increased its position in Sensata Technologies by 94.7% during the fourth quarter. Prudential Financial Inc. now owns 213,624 shares of the scientific and technical instruments company’s stock worth $5,853,000 after buying an additional 103,897 shares in the last quarter. Finally, Kempner Capital Management Inc. raised its holdings in shares of Sensata Technologies by 233.9% in the fourth quarter. Kempner Capital Management Inc. now owns 209,064 shares of the scientific and technical instruments company’s stock worth $5,728,000 after acquiring an additional 146,449 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

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.