Louisiana State Employees Retirement System boosted its stake in CTS Corporation (NYSE:CTS) by 0.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 13,300 shares of the electronics maker’s stock after buying an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in CTS Corporation were worth $283,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of CTS. Bank of Montreal Can boosted its position in CTS Corporation by 21.8% in the first quarter. Bank of Montreal Can now owns 6,304 shares of the electronics maker’s stock valued at $134,000 after buying an additional 1,130 shares during the last quarter. Teachers Advisors LLC boosted its position in CTS Corporation by 4.3% in the fourth quarter. Teachers Advisors LLC now owns 50,754 shares of the electronics maker’s stock valued at $1,137,000 after buying an additional 2,094 shares during the last quarter. Norges Bank purchased a new position in CTS Corporation during the fourth quarter valued at $9,041,000. Russell Investments Group Ltd. purchased a new position in CTS Corporation during the fourth quarter valued at $3,331,000. Finally, Citadel Advisors LLC purchased a new position in CTS Corporation during the third quarter valued at $534,000. Hedge funds and other institutional investors own 92.18% of the company’s stock.
CTS Corporation (NYSE:CTS) traded up 0.47% on Monday, reaching $21.55. The company’s stock had a trading volume of 52,060 shares. The firm has a market cap of $707.94 million, a price-to-earnings ratio of 20.72 and a beta of 1.20. The firm has a 50 day moving average of $21.45 and a 200 day moving average of $21.89. CTS Corporation has a 12 month low of $16.35 and a 12 month high of $24.80.
CTS Corporation (NYSE:CTS) last issued its earnings results on Thursday, April 27th. The electronics maker reported $0.26 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.26. The firm had revenue of $100.10 million for the quarter, compared to analyst estimates of $100.72 million. CTS Corporation had a return on equity of 11.60% and a net margin of 8.75%. The business’s revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.26 earnings per share. Analysts anticipate that CTS Corporation will post $1.16 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, June 23rd will be paid a $0.04 dividend. The ex-dividend date of this dividend is Wednesday, June 21st. This represents a $0.16 annualized dividend and a dividend yield of 0.74%. CTS Corporation’s payout ratio is presently 15.24%.
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Separately, HSBC Holdings plc cut CTS Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, June 8th.
CTS Corporation Company Profile
CTS Corporation is a manufacturer of sensors, electronic components and actuators. The Company designs, manufactures and sells a line of sensors, electronic components and actuators primarily to original equipment manufacturers (OEMs) for the transportation, industrial, medical, information technology, defense and aerospace, and communications markets.
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