Universal Beteiligungs und Servicegesellschaft mbH Invests $277,000 in CTS Corporation (NYSE:CTS)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of CTS Corporation (NYSE:CTS) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,668 shares of the electronics maker’s stock, valued at approximately $277,000.

Other hedge funds also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. increased its holdings in shares of CTS by 3.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,218,002 shares of the electronics maker’s stock worth $116,956,000 after purchasing an additional 73,435 shares in the last quarter. Northern Trust Corp boosted its position in shares of CTS by 10.4% during the fourth quarter. Northern Trust Corp now owns 338,930 shares of the electronics maker’s stock valued at $17,872,000 after buying an additional 31,803 shares during the last quarter. GW&K Investment Management LLC increased its holdings in CTS by 2.1% in the 1st quarter. GW&K Investment Management LLC now owns 303,200 shares of the electronics maker’s stock worth $12,598,000 after buying an additional 6,107 shares in the last quarter. Raymond James Financial Inc. purchased a new position in CTS in the 4th quarter worth about $15,852,000. Finally, Envestnet Asset Management Inc. raised its position in CTS by 1.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 217,789 shares of the electronics maker’s stock worth $11,484,000 after buying an additional 2,851 shares during the last quarter. Institutional investors own 96.87% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of CTS from a “hold” rating to a “buy” rating in a report on Saturday, July 12th.

CTS Trading Up 1.6%

Shares of CTS stock opened at $39.04 on Tuesday. The company has a current ratio of 2.61, a quick ratio of 2.04 and a debt-to-equity ratio of 0.16. CTS Corporation has a 12-month low of $34.02 and a 12-month high of $59.68. The stock has a market capitalization of $1.15 billion, a P/E ratio of 18.42, a P/E/G ratio of 1.07 and a beta of 0.82. The firm’s 50 day moving average is $41.84 and its 200 day moving average is $42.61.

CTS (NYSE:CTS) last released its quarterly earnings results on Thursday, July 24th. The electronics maker reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.02. CTS had a return on equity of 12.31% and a net margin of 12.32%. The firm had revenue of $135.30 million for the quarter, compared to analysts’ expectations of $132.65 million. During the same period in the prior year, the firm earned $0.54 EPS. Research analysts expect that CTS Corporation will post 2.28 earnings per share for the current year.

CTS Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, June 27th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Friday, June 27th. CTS’s dividend payout ratio (DPR) is presently 7.55%.

About CTS

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.