Heritage Wealth Management LLC Has $85,000 Stock Position in CTS Co. (NYSE:CTS)

Heritage Wealth Management LLC grew its position in CTS Co. (NYSE:CTS) by 28.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,745 shares of the electronics maker’s stock after buying an additional 605 shares during the period. Heritage Wealth Management LLC’s holdings in CTS were worth $85,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. FORA Capital LLC acquired a new position in shares of CTS in the 2nd quarter valued at $28,000. Banque Cantonale Vaudoise acquired a new position in CTS in the 2nd quarter worth $37,000. Lazard Asset Management LLC boosted its stake in CTS by 30.4% in the 2nd quarter. Lazard Asset Management LLC now owns 2,562 shares of the electronics maker’s stock worth $95,000 after purchasing an additional 597 shares during the period. Kessler Investment Group LLC acquired a new position in CTS in the 3rd quarter worth $108,000. Finally, Mutual of America Capital Management LLC boosted its stake in CTS by 6.5% in the 2nd quarter. Mutual of America Capital Management LLC now owns 4,599 shares of the electronics maker’s stock worth $171,000 after purchasing an additional 279 shares during the period. 89.33% of the stock is owned by institutional investors.

In other CTS news, CFO Ashish Agrawal sold 9,400 shares of the stock in a transaction dated Monday, November 8th. The shares were sold at an average price of $37.81, for a total value of $355,414.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 30,300 shares of company stock worth $1,141,018. Insiders own 2.22% of the company’s stock.

CTS stock opened at $35.84 on Friday. The firm has a 50-day moving average of $36.41 and a 200-day moving average of $34.97. CTS Co. has a one year low of $28.72 and a one year high of $39.49. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.16 and a current ratio of 2.64.

CTS (NYSE:CTS) last posted its quarterly earnings data on Wednesday, October 27th. The electronics maker reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.09. CTS had a negative net margin of 7.17% and a positive return on equity of 13.67%. The company had revenue of $122.40 million during the quarter, compared to the consensus estimate of $117.10 million. During the same period in the prior year, the business posted $0.34 EPS. The company’s quarterly revenue was up 7.6% on a year-over-year basis. Analysts forecast that CTS Co. will post 1.92 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, January 14th. Stockholders of record on Friday, December 10th were issued a $0.04 dividend. The ex-dividend date was Thursday, December 9th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.45%. CTS’s payout ratio is -14.41%.

A number of equities analysts recently weighed in on CTS shares. Zacks Investment Research lowered shares of CTS from a “buy” rating to a “hold” rating in a research note on Monday, January 3rd. Cowen lowered shares of CTS from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $40.00 to $34.00 in a research note on Thursday, October 14th. TheStreet downgraded shares of CTS from a “b” rating to a “c” rating in a research note on Wednesday, October 27th. Finally, reduced their price objective on shares of CTS from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, November 12th.

CTS Profile

CTS Corp. engages in the design and manufacture of sensors, connectivity components, and actuators. Its products include controls, pedals, piezo sensing products, sensors, switches, transducers, electromagnetic and radio frequency interference filters, capacitors, frequency control, resistors, piezo microactuators, and rotary microactuators.

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Institutional Ownership by Quarter for CTS (NYSE:CTS)

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