SG Americas Securities LLC Buys 3,101 Shares of CTS Co. (NYSE:CTS)

SG Americas Securities LLC increased its stake in shares of CTS Co. (NYSE:CTSGet Rating) by 31.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,943 shares of the electronics maker’s stock after acquiring an additional 3,101 shares during the period. SG Americas Securities LLC’s holdings in CTS were worth $539,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Assenagon Asset Management S.A. bought a new stake in CTS during the second quarter worth about $3,153,000. Texas Permanent School Fund raised its stake in CTS by 1.6% in the second quarter. Texas Permanent School Fund now owns 23,210 shares of the electronics maker’s stock valued at $790,000 after buying an additional 364 shares during the period. Heritage Wealth Management LLC bought a new stake in CTS in the second quarter valued at approximately $193,000. Trust Co. of Vermont bought a new stake in CTS in the second quarter valued at approximately $51,000. Finally, SummerHaven Investment Management LLC bought a new stake in CTS in the third quarter valued at approximately $950,000. Institutional investors own 95.61% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on CTS shares. Jefferies Financial Group started coverage on CTS in a research note on Tuesday, November 22nd. They issued a “hold” rating and a $44.00 price objective on the stock. StockNews.com started coverage on CTS in a research note on Wednesday, October 12th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, CTS presently has an average rating of “Moderate Buy” and a consensus target price of $41.50.

CTS Price Performance

Shares of NYSE CTS opened at $47.00 on Tuesday. The firm has a market cap of $1.50 billion, a P/E ratio of 28.14 and a beta of 0.71. The company has a current ratio of 2.68, a quick ratio of 2.16 and a debt-to-equity ratio of 0.17. CTS Co. has a 1-year low of $31.07 and a 1-year high of $47.04. The business’s 50 day moving average is $41.63 and its 200-day moving average is $41.21.

CTS (NYSE:CTSGet Rating) last announced its earnings results on Wednesday, October 26th. The electronics maker reported $0.62 earnings per share for the quarter. The company had revenue of $151.91 million for the quarter. CTS had a return on equity of 16.10% and a net margin of 9.32%. Equities research analysts predict that CTS Co. will post 2.45 earnings per share for the current year.

CTS Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 9th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend was Thursday, December 8th. CTS’s dividend payout ratio is currently 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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