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

Poplar Forest Capital LLC raised its position in shares of Sensata Technologies Holding plc (NYSE:ST - Free Report) by 4.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 comprises 2.8% of Poplar Forest Capital LLC's portfolio, making the stock its 18th largest position. Poplar Forest Capital LLC owned approximately 0.38% of Sensata Technologies worth $20,647,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Millennium Management LLC grew its position in shares of Sensata Technologies by 84.8% during the second quarter. Millennium Management LLC now owns 5,059,047 shares of the scientific and technical instruments company's stock worth $189,158,000 after acquiring an additional 2,321,782 shares during the last quarter. SG Americas Securities LLC grew its position in Sensata Technologies by 2,624.2% in the 1st quarter. SG Americas Securities LLC now owns 918,082 shares of the scientific and technical instruments company's stock worth $33,730,000 after purchasing an additional 884,381 shares during the last quarter. Eminence Capital LP increased its stake in shares of Sensata Technologies by 31.8% in the second quarter. Eminence Capital LP now owns 3,423,317 shares of the scientific and technical instruments company's stock valued at $127,998,000 after purchasing an additional 826,353 shares during the period. Capitolis Liquid Global Markets LLC bought a new stake in shares of Sensata Technologies during the first quarter valued at approximately $28,969,000. Finally, Victory Capital Management Inc. boosted its position in shares of Sensata Technologies by 64.5% during the second quarter. Victory Capital Management Inc. now owns 1,854,773 shares of the scientific and technical instruments company's stock worth $69,350,000 after buying an additional 727,521 shares during the period. 99.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on ST. TD Cowen decreased their price target on shares of Sensata Technologies from $50.00 to $45.00 and set a "buy" rating on the stock in a research report on Wednesday. Stifel Nicolaus cut their target price on Sensata Technologies from $43.00 to $38.00 and set a "hold" rating on the stock in a research report on Tuesday. The Goldman Sachs Group decreased their price target on Sensata Technologies from $41.00 to $39.00 and set a "neutral" rating for the company in a research report on Tuesday, October 1st. Evercore ISI reduced their price objective on shares of Sensata Technologies from $60.00 to $50.00 and set an "outperform" rating for the company in a research note on Tuesday, October 15th. Finally, Robert W. Baird dropped their target price on shares of Sensata Technologies from $40.00 to $36.00 and set a "neutral" rating on the stock in a research report on Tuesday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Sensata Technologies has an average rating of "Hold" and an average price target of $41.00.

Sensata Technologies Stock Up 0.5 %

ST traded up $0.17 during trading on Thursday, hitting $33.63. The company had a trading volume of 429,335 shares, compared to its average volume of 1,859,606. The company has a market capitalization of $5.08 billion, a PE ratio of -61.96, a PEG ratio of 1.33 and a beta of 1.25. The firm's 50-day moving average price is $35.44 and its 200 day moving average price is $37.65. Sensata Technologies Holding plc has a one year low of $30.56 and a one year high of $43.14. The company has a quick ratio of 1.31, a current ratio of 1.77 and a debt-to-equity ratio of 1.06.

Sensata Technologies (NYSE:ST - Get Free Report) last released its earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.86. Sensata Technologies had a positive return on equity of 17.63% and a negative net margin of 1.98%. The business had revenue of $982.80 million for the quarter, compared to the consensus estimate of $983.93 million. During the same quarter in the previous year, the business earned $0.91 earnings per share. Sensata Technologies's quarterly revenue was down 1.8% on a year-over-year basis. As a group, equities analysts expect that Sensata Technologies Holding plc will post 3.55 earnings per share for the current year.

Sensata Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $0.48 annualized dividend and a dividend yield of 1.43%. Sensata Technologies's dividend payout ratio is currently -88.89%.

Sensata Technologies 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.