Sensata Technologies Holding plc (NYSE:ST) Shares Sold by Poplar Forest Capital LLC

Poplar Forest Capital LLC trimmed its position in Sensata Technologies Holding plc (NYSE:ST) by 21.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 452,410 shares of the scientific and technical instruments company’s stock after selling 123,361 shares during the period. Sensata Technologies accounts for approximately 2.3% of Poplar Forest Capital LLC’s holdings, making the stock its 23rd largest position. Poplar Forest Capital LLC’s holdings in Sensata Technologies were worth $12,396,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of ST. Tidal Investments LLC raised its stake in Sensata Technologies by 1.1% during the 3rd quarter. Tidal Investments LLC now owns 29,346 shares of the scientific and technical instruments company’s stock worth $1,052,000 after acquiring an additional 314 shares in the last quarter. Franklin Resources Inc. raised its stake in Sensata Technologies by 3.7% during the 3rd quarter. Franklin Resources Inc. now owns 11,442 shares of the scientific and technical instruments company’s stock worth $418,000 after acquiring an additional 403 shares in the last quarter. Assetmark Inc. raised its stake in Sensata Technologies by 19.0% during the 3rd quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company’s stock worth $93,000 after acquiring an additional 416 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Sensata Technologies by 1.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 46,114 shares of the scientific and technical instruments company’s stock worth $1,654,000 after acquiring an additional 602 shares in the last quarter. Finally, Quarry LP raised its stake in Sensata Technologies by 61.2% during the 3rd quarter. Quarry LP now owns 1,714 shares of the scientific and technical instruments company’s stock worth $61,000 after acquiring an additional 651 shares in the last quarter. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. UBS Group cut their price target on shares of Sensata Technologies from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Truist Financial cut their price target on shares of Sensata Technologies from $38.00 to $33.00 and set a “hold” rating on the stock in a research note on Tuesday, November 5th. Robert W. Baird cut their price target on shares of Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. The Goldman Sachs Group lowered their price objective on shares of Sensata Technologies from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Oppenheimer lowered their price objective on shares of Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $39.08.

Sensata Technologies Stock Up 0.3 %

Shares of NYSE:ST opened at $28.86 on Friday. The company has a market cap of $4.32 billion, a price-to-earnings ratio of 34.36, a PEG ratio of 1.25 and a beta of 1.23. The firm’s 50-day simple moving average is $27.95 and its 200-day simple moving average is $32.07. The company has a quick ratio of 1.99, a current ratio of 2.85 and a debt-to-equity ratio of 1.11. Sensata Technologies Holding plc has a fifty-two week low of $24.91 and a fifty-two week high of $43.14.

Sensata Technologies (NYSE:ST) last issued its earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share for the quarter, meeting the consensus estimate of $0.76. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. As a group, equities research analysts predict that Sensata Technologies Holding plc will post 3.21 earnings per share for the current year.

Sensata Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Wednesday, February 12th. Sensata Technologies’s payout ratio is 57.14%.

Sensata Technologies Company Profile

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.