Campbell & CO Investment Adviser LLC acquired a new position in shares of CTS Co. (NYSE:CTS) during the 4th quarter, Holdings Channel reports. The fund acquired 11,830 shares of the electronics maker’s stock, valued at approximately $406,000.
A number of other institutional investors and hedge funds have also bought and sold shares of CTS. Swiss National Bank increased its holdings in shares of CTS by 0.9% during the 4th quarter. Swiss National Bank now owns 65,700 shares of the electronics maker’s stock worth $2,255,000 after buying an additional 600 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of CTS by 2.4% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 27,927 shares of the electronics maker’s stock worth $615,000 after purchasing an additional 660 shares during the period. Wells Fargo & Company MN lifted its stake in shares of CTS by 0.5% in the 3rd quarter. Wells Fargo & Company MN now owns 163,333 shares of the electronics maker’s stock valued at $3,599,000 after purchasing an additional 829 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of CTS by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 293,741 shares of the electronics maker’s stock valued at $6,472,000 after purchasing an additional 910 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of CTS by 2.1% during the 4th quarter. Alliancebernstein L.P. now owns 51,108 shares of the electronics maker’s stock worth $1,755,000 after purchasing an additional 1,073 shares during the period. Institutional investors own 93.22% of the company’s stock.
Shares of CTS stock opened at $31.54 on Tuesday. The company has a current ratio of 2.77, a quick ratio of 2.34 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 34.28 and a beta of 0.79. CTS Co. has a twelve month low of $17.92 and a twelve month high of $37.26. The business’s 50 day simple moving average is $33.67 and its 200-day simple moving average is $28.49.
CTS (NYSE:CTS) last announced its earnings results on Monday, February 8th. The electronics maker reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.09. The firm had revenue of $123.02 million for the quarter, compared to the consensus estimate of $116.89 million. CTS had a return on equity of 8.51% and a net margin of 7.16%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 EPS. Sell-side analysts predict that CTS Co. will post 1.03 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 23rd. Shareholders of record on Friday, March 19th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.51%. The ex-dividend date is Thursday, March 18th. CTS’s dividend payout ratio (DPR) is presently 11.03%.
Several equities research analysts have issued reports on the stock. TheStreet upgraded shares of CTS from a “c+” rating to a “b” rating in a research note on Wednesday, November 4th. Zacks Investment Research cut CTS from a “buy” rating to a “hold” rating in a report on Tuesday, February 2nd.
CTS Corporation designs, manufactures, and sells sensors, electronic components, and actuators primarily to original equipment manufacturers and tier one suppliers for the aerospace and defense, industrial, information technology, medical, telecommunications, and transportation markets. It offers sensors and actuators for use in passenger or commercial vehicles; electronic components for use in telecommunications infrastructure, information technology and other high-speed applications, switches, and potentiometers; and fabricated piezoelectric materials and substrates for use primarily in medical, industrial, aerospace and defense, and information technology markets.
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