New York State Teachers Retirement System Has $2.96 Million Stock Position in CTS Co. (NYSE:CTS)

New York State Teachers Retirement System reduced its position in CTS Co. (NYSE:CTSGet Rating) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,173 shares of the electronics maker’s stock after selling 790 shares during the period. New York State Teachers Retirement System owned about 0.22% of CTS worth $2,964,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CTS. Franklin Resources Inc. raised its position in CTS by 32.7% during the second quarter. Franklin Resources Inc. now owns 862,467 shares of the electronics maker’s stock valued at $29,367,000 after acquiring an additional 212,674 shares in the last quarter. Millennium Management LLC bought a new stake in CTS in the second quarter worth $3,772,000. Renaissance Technologies LLC boosted its holdings in CTS by 141.5% in the second quarter. Renaissance Technologies LLC now owns 169,300 shares of the electronics maker’s stock worth $5,765,000 after purchasing an additional 99,200 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in CTS during the second quarter worth $3,153,000. Finally, ClariVest Asset Management LLC bought a new position in CTS during the second quarter valued at about $2,381,000. 95.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CTS. StockNews.com began coverage on CTS in a report on Wednesday, October 12th. They set a “buy” rating on the stock. Jefferies Financial Group assumed coverage on shares of CTS in a research report on Tuesday, November 22nd. They issued a “hold” rating and a $44.00 price target on the stock. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $41.50.

CTS Stock Up 1.9 %

Shares of CTS stock opened at $46.31 on Tuesday. CTS Co. has a 12 month low of $31.07 and a 12 month high of $46.31. The company has a quick ratio of 2.16, a current ratio of 2.68 and a debt-to-equity ratio of 0.17. The firm has a market cap of $1.48 billion, a PE ratio of 27.73 and a beta of 0.71. The stock has a 50 day moving average of $41.19 and a 200-day moving average of $40.78.

CTS (NYSE:CTSGet Rating) last released its earnings results on Wednesday, October 26th. The electronics maker reported $0.62 EPS for the quarter. The firm had revenue of $151.91 million during the quarter. CTS had a net margin of 9.32% and a return on equity of 16.10%. On average, equities analysts predict that CTS Co. will post 2.45 EPS for the current year.

CTS Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 9th were issued a $0.04 dividend. The ex-dividend date was Thursday, December 8th. This represents a $0.16 annualized dividend and a yield of 0.35%. CTS’s dividend payout ratio (DPR) is 9.58%.

CTS Company Profile

(Get Rating)

CTS Corporation manufactures and sells sensors, actuators, and connectivity components in North America, Europe, and Asia. The company provides sensors and actuators for use in passenger or commercial vehicles; connectivity components for telecommunications infrastructure, information technology, and other high-speed applications; switches, temperature sensors, and potentiometers supplied to multiple markets; and fabricated piezoelectric materials and substrates used primarily in medical, industrial, aerospace and defense, and information technology markets.

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Institutional Ownership by Quarter for CTS (NYSE:CTS)

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