Poplar Forest Capital LLC Has $13.17 Million Stock Holdings in Sensata Technologies Holding plc (NYSE:ST)

Poplar Forest Capital LLC trimmed its holdings in shares of Sensata Technologies Holding plc (NYSE:ST) by 27.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 350,660 shares of the scientific and technical instruments company’s stock after selling 131,503 shares during the period. Sensata Technologies comprises about 1.9% of Poplar Forest Capital LLC’s portfolio, making the stock its 25th biggest holding. Poplar Forest Capital LLC’s holdings in Sensata Technologies were worth $13,174,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky acquired a new position in Sensata Technologies during the third quarter worth $1,294,000. Olstein Capital Management L.P. boosted its holdings in Sensata Technologies by 11.4% during the fourth quarter. Olstein Capital Management L.P. now owns 341,000 shares of the scientific and technical instruments company’s stock valued at $12,811,000 after acquiring an additional 35,000 shares during the period. Schroder Investment Management Group boosted its holdings in Sensata Technologies by 6.0% during the third quarter. Schroder Investment Management Group now owns 2,952,062 shares of the scientific and technical instruments company’s stock valued at $111,647,000 after acquiring an additional 166,584 shares during the period. Kempner Capital Management Inc. boosted its holdings in Sensata Technologies by 99.8% during the fourth quarter. Kempner Capital Management Inc. now owns 85,823 shares of the scientific and technical instruments company’s stock valued at $3,224,000 after acquiring an additional 42,867 shares during the period. Finally, Invesco Ltd. boosted its holdings in Sensata Technologies by 71.1% during the third quarter. Invesco Ltd. now owns 303,865 shares of the scientific and technical instruments company’s stock valued at $11,492,000 after acquiring an additional 126,295 shares during the period. 99.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Truist Financial decreased their price target on shares of Sensata Technologies from $39.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, February 7th. Jefferies Financial Group assumed coverage on shares of Sensata Technologies in a report on Tuesday, April 9th. They set a “hold” rating and a $40.00 price target for the company. Bank of America cut shares of Sensata Technologies from a “buy” rating to a “neutral” rating and decreased their price target for the company from $46.00 to $38.00 in a report on Wednesday, February 7th. The Goldman Sachs Group restated a “neutral” rating and set a $36.00 price target (down from $44.00) on shares of Sensata Technologies in a report on Tuesday, April 9th. Finally, Oppenheimer upgraded shares of Sensata Technologies from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a research note on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Sensata Technologies presently has an average rating of “Hold” and a consensus target price of $39.25.

Sensata Technologies Stock Performance

Shares of NYSE ST traded up $0.16 during mid-day trading on Wednesday, hitting $34.42. The company had a trading volume of 1,046,277 shares, compared to its average volume of 2,007,688. The firm has a market cap of $5.18 billion, a P/E ratio of -688.26, a PEG ratio of 0.82 and a beta of 1.37. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.55 and a quick ratio of 1.69. Sensata Technologies Holding plc has a 12 month low of $30.56 and a 12 month high of $47.41. The business’s 50-day simple moving average is $35.02 and its 200-day simple moving average is $34.73.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.05). The business had revenue of $992.50 million for the quarter, compared to the consensus estimate of $978.05 million. Sensata Technologies had a positive return on equity of 17.47% and a negative net margin of 0.10%. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.96 EPS. As a group, analysts predict that Sensata Technologies Holding plc will post 3.72 earnings per share for the current fiscal year.

Sensata Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Tuesday, February 13th. Sensata Technologies’s dividend payout ratio is -959.81%.

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.