Poplar Forest Capital LLC Reduces Holdings in Sensata Technologies Holding plc (NYSE:ST)

Poplar Forest Capital LLC trimmed its stake in Sensata Technologies Holding plc (NYSE:ST) by 27.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 350,660 shares of the scientific and technical instruments company’s stock after selling 131,503 shares during the period. Sensata Technologies makes up 1.9% of Poplar Forest Capital LLC’s investment portfolio, making the stock its 25th largest holding. Poplar Forest Capital LLC owned about 0.23% of Sensata Technologies worth $13,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Sensata Technologies by 1.8% in the third quarter. Vanguard Group Inc. now owns 14,840,668 shares of the scientific and technical instruments company’s stock valued at $561,274,000 after purchasing an additional 265,583 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Sensata Technologies by 1.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,084,921 shares of the scientific and technical instruments company’s stock worth $192,312,000 after acquiring an additional 62,468 shares during the period. Shapiro Capital Management LLC increased its stake in shares of Sensata Technologies by 4.5% during the third quarter. Shapiro Capital Management LLC now owns 4,358,416 shares of the scientific and technical instruments company’s stock worth $164,835,000 after acquiring an additional 186,627 shares during the period. Schroder Investment Management Group increased its stake in shares of 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 worth $111,647,000 after acquiring an additional 166,584 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of Sensata Technologies by 172.5% during the third quarter. AQR Capital Management LLC now owns 1,928,193 shares of the scientific and technical instruments company’s stock worth $72,924,000 after acquiring an additional 1,220,599 shares during the period. 99.42% of the stock is owned by hedge funds and other institutional investors.

Sensata Technologies Trading Up 0.5 %

Shares of ST traded up $0.16 on Wednesday, hitting $34.42. 1,046,277 shares of the stock traded hands, compared to its average volume of 2,007,688. The company has a quick ratio of 1.69, a current ratio of 2.55 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $5.18 billion, a P/E ratio of -688.26, a P/E/G ratio of 0.82 and a beta of 1.37. The stock’s 50 day moving average is $35.02 and its two-hundred day moving average is $34.73. Sensata Technologies Holding plc has a 1 year low of $30.56 and a 1 year high of $47.41.

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

Sensata Technologies Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered shares of Sensata Technologies from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $37.00 to $34.00 in a research note on Monday, January 8th. Oppenheimer raised shares of Sensata Technologies from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a report on Tuesday, January 30th. Truist Financial decreased their price objective on shares of Sensata Technologies from $39.00 to $36.00 and set a “hold” rating on the stock in a report on Wednesday, February 7th. Jefferies Financial Group started coverage on shares of Sensata Technologies in a report on Tuesday, April 9th. They set a “hold” rating and a $40.00 price objective on the stock. Finally, Stifel Nicolaus decreased their price objective on shares of Sensata Technologies from $40.00 to $36.00 and set a “hold” rating on the stock in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $39.25.

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.