Earnest Partners LLC Cuts Stock Holdings in CTS Co. (NYSE:CTS)

Earnest Partners LLC reduced its stake in CTS Co. (NYSE:CTS) by 0.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,670,528 shares of the electronics maker’s stock after selling 11,826 shares during the quarter. Earnest Partners LLC owned approximately 0.06% of CTS worth $88,087,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Smartleaf Asset Management LLC grew its stake in shares of CTS by 608.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 737 shares of the electronics maker’s stock worth $39,000 after acquiring an additional 633 shares in the last quarter. KBC Group NV increased its stake in CTS by 58.2% in the 4th quarter. KBC Group NV now owns 1,713 shares of the electronics maker’s stock valued at $90,000 after buying an additional 630 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in CTS in the 4th quarter valued at about $202,000. Atria Wealth Solutions Inc. bought a new position in shares of CTS during the 4th quarter worth approximately $214,000. Finally, Corient Private Wealth LLC purchased a new position in shares of CTS in the 4th quarter worth approximately $214,000. 96.87% of the stock is currently owned by institutional investors.

CTS Price Performance

CTS opened at $40.02 on Friday. CTS Co. has a fifty-two week low of $34.02 and a fifty-two week high of $59.68. The firm has a 50-day moving average of $41.11 and a 200 day moving average of $48.12. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.95 and a current ratio of 2.50. The firm has a market cap of $1.20 billion, a P/E ratio of 21.06 and a beta of 0.61.

CTS (NYSE:CTS) last released its earnings results on Tuesday, February 4th. The electronics maker reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.06). CTS had a net margin of 11.27% and a return on equity of 12.67%. On average, research analysts expect that CTS Co. will post 2.28 EPS for the current year.

CTS Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, March 28th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date was Friday, March 28th. CTS’s dividend payout ratio is currently 8.42%.

Analyst Ratings Changes

Separately, StockNews.com upgraded CTS from a “hold” rating to a “buy” rating in a report on Monday, March 3rd.

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.