CTS Co. (NYSE:CTS) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in CTS Co. (NYSE:CTS) by 81.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,728 shares of the electronics maker’s stock after selling 20,863 shares during the quarter. SG Americas Securities LLC’s holdings in CTS were worth $207,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its stake in CTS by 140.3% in the 1st quarter. Tower Research Capital LLC TRC now owns 728 shares of the electronics maker’s stock valued at $36,000 after purchasing an additional 425 shares during the last quarter. FMR LLC lifted its holdings in shares of CTS by 39.1% during the 1st quarter. FMR LLC now owns 986 shares of the electronics maker’s stock worth $49,000 after acquiring an additional 277 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of CTS during the 2nd quarter worth about $56,000. Lazard Asset Management LLC lifted its holdings in shares of CTS by 218.5% during the 4th quarter. Lazard Asset Management LLC now owns 4,112 shares of the electronics maker’s stock worth $162,000 after acquiring an additional 2,821 shares during the period. Finally, First Republic Investment Management Inc. purchased a new position in shares of CTS during the 1st quarter worth about $217,000. Institutional investors and hedge funds own 96.87% of the company’s stock.

Insider Transactions at CTS

In other news, CEO Kieran M. O’sullivan sold 14,976 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $47.13, for a total transaction of $705,818.88. Following the completion of the sale, the chief executive officer now owns 501,637 shares of the company’s stock, valued at $23,642,151.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Ashish Agrawal sold 4,504 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $47.10, for a total transaction of $212,138.40. Following the transaction, the chief financial officer now directly owns 128,777 shares in the company, valued at $6,065,396.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kieran M. O’sullivan sold 14,976 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $47.13, for a total value of $705,818.88. Following the transaction, the chief executive officer now owns 501,637 shares in the company, valued at $23,642,151.81. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,555 shares of company stock valued at $921,482. 2.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Sidoti downgraded shares of CTS from a “buy” rating to a “neutral” rating and set a $46.00 target price for the company. in a research report on Wednesday, February 7th. TD Cowen increased their price objective on shares of CTS from $38.00 to $46.00 and gave the company a “market perform” rating in a research report on Wednesday, February 7th.

CTS Stock Down 1.9 %

Shares of NYSE:CTS opened at $45.97 on Friday. The company has a quick ratio of 2.67, a current ratio of 3.29 and a debt-to-equity ratio of 0.13. CTS Co. has a 52-week low of $35.50 and a 52-week high of $47.90. The company has a 50 day moving average of $45.01 and a two-hundred day moving average of $42.30. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 23.93 and a beta of 0.61.

CTS (NYSE:CTS) last released its quarterly earnings results on Tuesday, February 6th. The electronics maker reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. CTS had a net margin of 11.00% and a return on equity of 13.41%. The business had revenue of $124.69 million during the quarter, compared to the consensus estimate of $124.51 million. During the same quarter last year, the company earned $0.56 earnings per share. The business’s quarterly revenue was down 12.4% compared to the same quarter last year. As a group, analysts forecast that CTS Co. will post 2.3 earnings per share for the current fiscal year.

CTS Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend is Wednesday, March 27th. CTS’s payout ratio is currently 8.33%.

CTS Company Profile

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.