Poplar Forest Capital LLC Acquires 25,889 Shares of Sensata Technologies Holding plc (NYSE:ST)

Poplar Forest Capital LLC increased its holdings in shares of Sensata Technologies Holding plc (NYSE:ST) by 4.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 575,771 shares of the scientific and technical instruments company’s stock after buying an additional 25,889 shares during the quarter. Sensata Technologies accounts for about 2.8% of Poplar Forest Capital LLC’s holdings, making the stock its 18th biggest holding. Poplar Forest Capital LLC owned approximately 0.38% of Sensata Technologies worth $20,647,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC raised its position in shares of Sensata Technologies by 399.0% during the second quarter. GAMMA Investing LLC now owns 968 shares of the scientific and technical instruments company’s stock worth $36,000 after acquiring an additional 774 shares during the last quarter. Versant Capital Management Inc acquired a new stake in Sensata Technologies during the second quarter worth approximately $37,000. Quarry LP grew its stake in Sensata Technologies by 227.1% during the second quarter. Quarry LP now owns 1,063 shares of the scientific and technical instruments company’s stock worth $40,000 after purchasing an additional 738 shares during the period. SageView Advisory Group LLC acquired a new stake in Sensata Technologies during the first quarter worth approximately $85,000. Finally, First Horizon Advisors Inc. grew its stake in Sensata Technologies by 57.9% during the second quarter. First Horizon Advisors Inc. now owns 2,529 shares of the scientific and technical instruments company’s stock worth $95,000 after purchasing an additional 927 shares during the period. 99.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. TD Cowen decreased their target price on Sensata Technologies from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday. UBS Group reduced their price objective on Sensata Technologies from $44.00 to $39.00 and set a “buy” rating for the company in a research note on Wednesday. The Goldman Sachs Group reduced their price objective on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating for the company in a research note on Tuesday, October 1st. Stifel Nicolaus reduced their price objective on Sensata Technologies from $43.00 to $38.00 and set a “hold” rating for the company in a research note on Tuesday. Finally, Vertical Research assumed coverage on Sensata Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $55.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $41.00.

Sensata Technologies Stock Performance

Shares of Sensata Technologies stock opened at $33.46 on Thursday. The business’s fifty day simple moving average is $35.44 and its 200 day simple moving average is $37.65. The firm has a market capitalization of $5.05 billion, a P/E ratio of -61.96, a price-to-earnings-growth ratio of 1.33 and a beta of 1.25. Sensata Technologies Holding plc has a 12 month low of $30.56 and a 12 month high of $43.14. The company has a current ratio of 1.77, a quick ratio of 1.31 and a debt-to-equity ratio of 1.06.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 EPS for the quarter, hitting analysts’ consensus estimates of $0.86. The business had revenue of $982.80 million for the quarter, compared to analyst estimates of $983.93 million. Sensata Technologies had a positive return on equity of 17.63% and a negative net margin of 1.98%. Sensata Technologies’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period last year, the company posted $0.91 earnings per share. As a group, analysts anticipate that Sensata Technologies Holding plc 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. Shareholders of record on Wednesday, November 13th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.48 annualized dividend and a dividend yield of 1.43%. Sensata Technologies’s payout ratio is presently -88.89%.

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.