Natixis Advisors LLC Reduces Position in CTS Corporation (NYSE:CTS)

Natixis Advisors LLC reduced its position in CTS Corporation (NYSE:CTS) by 9.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,036 shares of the electronics maker’s stock after selling 1,673 shares during the quarter. Natixis Advisors LLC owned about 0.05% of CTS worth $666,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Pacer Advisors Inc. raised its position in CTS by 17.3% in the 1st quarter. Pacer Advisors Inc. now owns 2,863 shares of the electronics maker’s stock valued at $119,000 after purchasing an additional 422 shares during the last quarter. Bank of Montreal Can lifted its position in CTS by 7.0% during the 4th quarter. Bank of Montreal Can now owns 6,995 shares of the electronics maker’s stock worth $369,000 after acquiring an additional 458 shares during the period. Quarry LP lifted its position in CTS by 572.4% during the 4th quarter. Quarry LP now owns 659 shares of the electronics maker’s stock worth $35,000 after acquiring an additional 561 shares during the period. GAMMA Investing LLC grew its stake in shares of CTS by 81.3% in the 1st quarter. GAMMA Investing LLC now owns 1,273 shares of the electronics maker’s stock valued at $53,000 after purchasing an additional 571 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of CTS by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,119 shares of the electronics maker’s stock valued at $903,000 after purchasing an additional 651 shares during the period. 96.87% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded CTS from a “hold” rating to a “buy” rating in a research note on Saturday, July 12th.

CTS Price Performance

CTS stock opened at $39.15 on Monday. CTS Corporation has a 12 month low of $34.02 and a 12 month high of $59.68. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.61 and a quick ratio of 2.04. The business has a 50 day simple moving average of $41.67 and a 200-day simple moving average of $42.14. The stock has a market capitalization of $1.15 billion, a PE ratio of 18.47, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82.

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

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.