Dimensional Fund Advisors LP Has $64.99 Million Stock Holdings in CTS Co. (NYSE:CTS)

Dimensional Fund Advisors LP lessened its stake in shares of CTS Co. (NYSE:CTSFree Report) by 1.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,485,849 shares of the electronics maker’s stock after selling 23,984 shares during the quarter. Dimensional Fund Advisors LP owned about 4.77% of CTS worth $64,992,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CTS. Envestnet Asset Management Inc. lifted its stake in shares of CTS by 181.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 216,035 shares of the electronics maker’s stock worth $9,017,000 after buying an additional 139,269 shares during the last quarter. Vanguard Group Inc. raised its stake in CTS by 4.7% in the 3rd quarter. Vanguard Group Inc. now owns 2,729,923 shares of the electronics maker’s stock worth $113,947,000 after purchasing an additional 122,600 shares in the last quarter. Wellington Management Group LLP raised its stake in CTS by 10.3% in the 3rd quarter. Wellington Management Group LLP now owns 1,249,116 shares of the electronics maker’s stock worth $52,138,000 after purchasing an additional 116,419 shares in the last quarter. Penserra Capital Management LLC raised its stake in CTS by 165.0% in the 3rd quarter. Penserra Capital Management LLC now owns 174,749 shares of the electronics maker’s stock worth $7,294,000 after purchasing an additional 108,798 shares in the last quarter. Finally, Raymond James & Associates acquired a new stake in CTS in the 4th quarter worth about $935,000. Institutional investors and hedge funds own 96.87% of the company’s stock.

Insider Activity

In related news, CEO Kieran M. O’sullivan sold 14,976 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $47.13, for a total value of $705,818.88. Following the completion of the transaction, the chief executive officer now owns 501,637 shares of the company’s stock, valued at approximately $23,642,151.81. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other CTS news, CEO Kieran M. O’sullivan sold 27,905 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $47.11, for a total value of $1,314,604.55. Following the completion of the transaction, the chief executive officer now owns 455,643 shares of the company’s stock, valued at approximately $21,465,341.73. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Kieran M. O’sullivan sold 14,976 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $47.13, for a total value of $705,818.88. Following the completion of the transaction, the chief executive officer now directly owns 501,637 shares of the company’s stock, valued at approximately $23,642,151.81. The disclosure for this sale can be found here. In the last three months, insiders have sold 62,602 shares of company stock worth $2,947,896. Corporate insiders own 2.00% of the company’s stock.

CTS Stock Performance

Shares of NYSE:CTS opened at $52.86 on Monday. CTS Co. has a 1 year low of $35.50 and a 1 year high of $54.33. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 31.09 and a beta of 0.62. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.32 and a quick ratio of 2.71. The company’s 50 day simple moving average is $47.53 and its 200 day simple moving average is $44.22.

CTS (NYSE:CTSGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The electronics maker reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.06. CTS had a return on equity of 12.39% and a net margin of 10.06%. The company had revenue of $125.70 million for the quarter, compared to analyst estimates of $126.75 million. During the same quarter last year, the company posted $0.61 EPS. The company’s revenue for the quarter was down 13.9% compared to the same quarter last year. As a group, research analysts predict that CTS Co. will post 2.25 EPS for the current fiscal year.

CTS Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, June 28th will be issued a $0.04 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.30%. CTS’s dividend payout ratio (DPR) is currently 9.41%.

Analyst Ratings Changes

Several brokerages have weighed in on CTS. TD Cowen lifted their price objective on shares of CTS from $38.00 to $46.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 7th. Sidoti cut shares of CTS from a “buy” rating to a “neutral” rating and set a $46.00 price objective for the company. in a research note on Wednesday, February 7th.

Read Our Latest Analysis on CTS

About CTS

(Free Report)

CTS Corporation manufactures and sells sensors, actuators, and connectivity components in North America, Europe, and Asia. The company provides encoders, rotary position sensors, slide potentiometers, industrial and commercial rotary potentiometers. It also provides non-contacting, and contacting pedals; and eBrake pedals.

Further Reading

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Institutional Ownership by Quarter for CTS (NYSE:CTS)

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