Poplar Forest Capital LLC trimmed its holdings in Sensata Technologies Holding plc (NYSE:ST - Free Report) by 21.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 452,410 shares of the scientific and technical instruments company's stock after selling 123,361 shares during the period. Sensata Technologies comprises about 2.3% of Poplar Forest Capital LLC's investment portfolio, making the stock its 23rd biggest position. Poplar Forest Capital LLC owned about 0.30% of Sensata Technologies worth $12,396,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in ST. Merewether Investment Management LP purchased a new stake in shares of Sensata Technologies in the third quarter valued at $25,446,000. FMR LLC grew its stake in Sensata Technologies by 18.9% in the third quarter. FMR LLC now owns 3,895,776 shares of the scientific and technical instruments company's stock valued at $139,703,000 after purchasing an additional 618,202 shares during the last quarter. Loomis Sayles & Co. L P bought a new position in shares of Sensata Technologies during the 3rd quarter worth approximately $9,791,000. JPMorgan Chase & Co. grew its stake in Sensata Technologies by 66.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 660,568 shares of the scientific and technical instruments company's stock worth $23,688,000 after buying an additional 264,334 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Sensata Technologies by 13.6% during the third quarter. Victory Capital Management Inc. now owns 2,106,834 shares of the scientific and technical instruments company's stock valued at $75,551,000 after acquiring an additional 252,061 shares in the last quarter. 99.42% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on ST shares. JPMorgan Chase & Co. cut their price target on Sensata Technologies from $34.00 to $32.00 and set an "underweight" rating on the stock in a research report on Tuesday, November 5th. UBS Group reduced their target price on shares of Sensata Technologies from $38.00 to $37.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. The Goldman Sachs Group reduced their price objective on Sensata Technologies from $36.00 to $32.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Evercore ISI reduced their price target on shares of Sensata Technologies from $43.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Finally, Oppenheimer decreased their price target on Sensata Technologies from $44.00 to $40.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Sensata Technologies currently has a consensus rating of "Hold" and a consensus target price of $39.08.
Read Our Latest Analysis on ST
Sensata Technologies Stock Performance
Shares of ST stock traded up $0.58 during trading hours on Wednesday, reaching $27.11. The stock had a trading volume of 1,803,056 shares, compared to its average volume of 1,658,133. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.85 and a quick ratio of 1.99. The firm has a 50-day simple moving average of $27.93 and a 200-day simple moving average of $31.87. The firm has a market capitalization of $4.05 billion, a PE ratio of 32.27, a price-to-earnings-growth ratio of 1.25 and a beta of 1.23. Sensata Technologies Holding plc has a twelve month low of $24.91 and a twelve month high of $43.14.
Sensata Technologies (NYSE:ST - Get Free Report) last released its earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share for the quarter, hitting 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 analysts forecast 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. Shareholders of record on Wednesday, February 12th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date was Wednesday, February 12th. Sensata Technologies's dividend payout ratio is 57.14%.
About Sensata Technologies
(
Free Report)
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.
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