Sensata Technologies Holding plc (NYSE:ST) has been the subject of much discussion amongst the investment community in recent months, with fifteen research firms covering the scientific and technical instruments company. Of those fifteen firms, seven have rated Sensata Technologies as a “hold” and six have assigned a “buy” rating, resulting in an average recommendation of “hold,” according to Bloomberg.com.
One-year price targets among brokerages that have issued ratings on Sensata Technologies’ stock during the past twelve months range from a low of $38.00 to a high of $68.00, with an average price target of $54.67. This suggests that analysts are uncertain as to the stock’s future performance, particularly given market volatility resulting from geopolitical tensions and other uncertainties.
Despite these concerns, Sensata Technologies reported strong quarterly earnings results on January 31st, exceeding analysts’ estimates for EPS by eight cents per share. A net margin of 7.71% and a return on equity of 17.29% were also recorded for the quarter ending December 2016.
Institutional investors have shown interest in Sensata Technologies during recent months, with Yousif Capital Management LLC growing its holdings by 9.9% during Q1 2017 alone. Similarly, Allianz Asset Management GmbH increased its position in the company by 1%, while Mackenzie Financial Corp lifted its holdings by over forty-two percent.
Overall, analysts predict that Sensata Technologies will post earnings per share of $3.77 for full-year 2017; however, due to market uncertainties and fluctuations in investor sentiment towards the firm, it remains unclear how the stock will perform going forward.
As such, investors are urged to closely monitor developments surrounding Sensata Technologies over coming days and weeks while seeking expert analysis and advice before making any trading or investment decisions involving this stock.
Fluctuations in Stock Ratings and Institutional Trading Activity: A Look at Sensata Technologies
Sensata Technologies has recently experienced various fluctuations in its stock rating. A number of analysts have issued reports on the stock, with some upgrading and others downgrading their previously held ratings. TheStreet raised Sensata Technologies from a “c+” to a “b-” rating. On the other hand, Wolfe Research downgraded the company from an “outperform” to a “peer perform” rating. Notably, Robert W. Baird increased their price target on shares of Sensata Technologies from $52.00 to $54.00 and gave the stock a “neutral” rating.
Despite these changes, institutional investors have been actively trading in Sensata Technologies’ shares lately, as disclosed through SEC filings. Yousif Capital Management LLC grew its holdings in shares of Sensata Technologies by 9.9%, while Raymond James Trust N.A purchased a new position in the company valued at about $202,000.
Furthermore, the business announced a quarterly dividend last February 22nd amounting to $0.11 per share paid to stockholders of record as of February 8th. The ex-dividend date was on February 7th.
In relation to ownership structure, insiders own at least one percent of the company’s stock as revealed through legal filings with the Securities & Exchange Commission.
As for its financial situation, shares of NYSE:ST opened at $45.78 last Monday with a market cap of $6.98 billion and P/E ratio of 22.78 coupled with other technical factors such as debt-to-equity ratio and quick ratios which may impact investor thinking.
Sensata Technologies investors should keep track of all such recent developments to get complete information about this dynamic technology firm’s status on both fundamental and technical aspects for informed investment decisions going forward.