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

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

Several other research firms also recently issued reports on ST. TD Cowen lowered their price objective on Sensata Technologies from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday. Truist Financial decreased their target price on shares of Sensata Technologies from $38.00 to $33.00 and set a “hold” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. decreased their target price on shares of Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating for the company in a research report on Tuesday. Vertical Research began 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 for the company. Finally, Stifel Nicolaus decreased their target price on shares of Sensata Technologies from $43.00 to $38.00 and set a “hold” rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $41.00.

Sensata Technologies Price Performance

NYSE ST traded up $0.79 during trading on Wednesday, hitting $34.25. 184,835 shares of the company’s stock were exchanged, compared to its average volume of 1,858,268. The company has a current ratio of 1.77, a quick ratio of 1.31 and a debt-to-equity ratio of 1.06. The company has a market cap of $5.17 billion, a PE ratio of -61.96, a P/E/G ratio of 1.33 and a beta of 1.25. Sensata Technologies has a fifty-two week low of $30.56 and a fifty-two week high of $43.14. The stock’s 50 day moving average price is $35.44 and its two-hundred day moving average price is $37.65.

Sensata Technologies (NYSE:ST) last issued its earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 EPS for the quarter, hitting the consensus estimate of $0.86. Sensata Technologies had a positive return on equity of 17.63% and a negative net margin of 1.98%. The firm had revenue of $982.80 million during the quarter, compared to the consensus estimate of $983.93 million. During the same quarter in the previous year, the firm earned $0.91 earnings per share. The business’s quarterly revenue was down 1.8% on a year-over-year basis. Research analysts expect that Sensata Technologies will post 3.55 EPS for the current year.

Sensata Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Wednesday, November 13th. Sensata Technologies’s dividend payout ratio is currently -88.89%.

Hedge Funds Weigh In On Sensata Technologies

A number of large investors have recently modified their holdings of ST. GAMMA Investing LLC raised its position in Sensata Technologies by 399.0% in the 2nd quarter. GAMMA Investing LLC now owns 968 shares of the scientific and technical instruments company’s stock valued at $36,000 after buying an additional 774 shares during the last quarter. Versant Capital Management Inc purchased a new stake in Sensata Technologies in the 2nd quarter valued at $37,000. Quarry LP raised its position in Sensata Technologies by 227.1% in the 2nd quarter. Quarry LP now owns 1,063 shares of the scientific and technical instruments company’s stock valued at $40,000 after buying an additional 738 shares during the last quarter. SageView Advisory Group LLC purchased a new stake in Sensata Technologies in the 1st quarter valued at $85,000. Finally, Assetmark Inc. raised its position in Sensata Technologies by 19.0% in the 3rd 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 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.