CTS Co. (NYSE:CTS) Shares Purchased by Wasatch Advisors LP

Wasatch Advisors LP boosted its position in shares of CTS Co. (NYSE:CTS) by 23.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,993,863 shares of the electronics maker’s stock after purchasing an additional 374,104 shares during the quarter. Wasatch Advisors LP owned approximately 6.62% of CTS worth $96,463,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Trust Point Inc. boosted its position in CTS by 2.1% during the third quarter. Trust Point Inc. now owns 12,861 shares of the electronics maker’s stock worth $622,000 after purchasing an additional 270 shares in the last quarter. SummerHaven Investment Management LLC boosted its position in CTS by 1.7% during the second quarter. SummerHaven Investment Management LLC now owns 17,529 shares of the electronics maker’s stock worth $887,000 after purchasing an additional 285 shares in the last quarter. AQR Capital Management LLC boosted its position in CTS by 5.8% during the second quarter. AQR Capital Management LLC now owns 5,637 shares of the electronics maker’s stock worth $285,000 after purchasing an additional 308 shares in the last quarter. GAMMA Investing LLC boosted its position in CTS by 132.5% during the third quarter. GAMMA Investing LLC now owns 586 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 334 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in CTS by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 15,372 shares of the electronics maker’s stock worth $778,000 after purchasing an additional 444 shares in the last quarter. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CTS has been the topic of a number of research analyst reports. StockNews.com downgraded CTS from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Scotiabank downgraded CTS from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th.

CTS Stock Up 1.4 %

Shares of NYSE:CTS opened at $55.10 on Friday. The company has a quick ratio of 1.91, a current ratio of 2.46 and a debt-to-equity ratio of 0.19. CTS Co. has a 52-week low of $38.49 and a 52-week high of $59.68. The stock’s fifty day simple moving average is $50.95 and its 200-day simple moving average is $50.25. The company has a market capitalization of $1.66 billion, a P/E ratio of 28.40 and a beta of 0.58.

CTS (NYSE:CTS) last issued its quarterly earnings data on Tuesday, October 29th. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.06. CTS had a return on equity of 12.39% and a net margin of 11.66%. The business had revenue of $132.42 million for the quarter. During the same quarter in the prior year, the company earned $0.54 earnings per share. As a group, equities research analysts forecast that CTS Co. will post 2.15 earnings per share for the current fiscal year.

CTS Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, December 27th will be given a dividend of $0.04 per share. The ex-dividend date is Friday, December 27th. This represents a $0.16 annualized dividend and a yield of 0.29%. CTS’s dividend payout ratio (DPR) is presently 8.25%.

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.