CTS Co. (NYSE:CTS) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. lifted its position in shares of CTS Co. (NYSE:CTSFree Report) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,772,099 shares of the electronics maker’s stock after purchasing an additional 42,176 shares during the period. Vanguard Group Inc. owned about 9.00% of CTS worth $121,252,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CTS. Natixis Advisors L.P. lifted its position in shares of CTS by 6.8% during the third quarter. Natixis Advisors L.P. now owns 17,969 shares of the electronics maker’s stock worth $750,000 after purchasing an additional 1,149 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in CTS by 339.4% in the third quarter. Tower Research Capital LLC TRC now owns 13,876 shares of the electronics maker’s stock valued at $579,000 after acquiring an additional 10,718 shares in the last quarter. Penserra Capital Management LLC raised its holdings in CTS by 165.0% in the third quarter. Penserra Capital Management LLC now owns 174,749 shares of the electronics maker’s stock valued at $7,294,000 after acquiring an additional 108,798 shares in the last quarter. Wellington Management Group LLP raised its holdings in CTS by 10.3% in the third quarter. Wellington Management Group LLP now owns 1,249,116 shares of the electronics maker’s stock valued at $52,138,000 after acquiring an additional 116,419 shares in the last quarter. Finally, Raymond James & Associates acquired a new stake in CTS in the fourth quarter valued at $935,000. 96.87% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of CTS from a “hold” rating to a “buy” rating in a report on Thursday, June 27th.

Read Our Latest Report on CTS

CTS Stock Down 1.1 %

Shares of NYSE:CTS opened at $49.31 on Friday. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 29.01 and a beta of 0.60. CTS Co. has a 1-year low of $35.50 and a 1-year high of $54.73. The company’s fifty day moving average is $51.24 and its two-hundred day moving average is $46.56. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.71 and a current ratio of 3.32.

CTS (NYSE:CTSGet Free Report) last issued its earnings results on Wednesday, May 1st. The electronics maker reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. The company had revenue of $125.70 million for the quarter, compared to analysts’ expectations of $126.75 million. CTS had a net margin of 10.06% and a return on equity of 12.39%. The firm’s revenue was down 13.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.61 earnings per share. Equities analysts anticipate that CTS Co. will post 2.22 EPS for the current year.

CTS Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.32%. CTS’s dividend payout ratio (DPR) is 9.41%.

Insider Transactions at CTS

In other news, SVP Martin Baumeister sold 5,733 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $52.39, for a total transaction of $300,351.87. Following the completion of the transaction, the senior vice president now owns 19,811 shares in the company, valued at $1,037,898.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Ashish Agrawal sold 800 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $47.00, for a total transaction of $37,600.00. Following the completion of the transaction, the chief financial officer now owns 127,977 shares in the company, valued at $6,014,919. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Martin Baumeister sold 5,733 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $52.39, for a total transaction of $300,351.87. Following the completion of the transaction, the senior vice president now owns 19,811 shares of the company’s stock, valued at approximately $1,037,898.29. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,780 shares of company stock worth $2,326,765. Insiders own 2.30% of the company’s stock.

CTS Company Profile

(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.

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Institutional Ownership by Quarter for CTS (NYSE:CTS)

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