Parametric Portfolio Associates LLC increased its position in CTS Corporation (NYSE:CTS) by 5.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,867 shares of the electronics maker’s stock after buying an additional 2,723 shares during the period. Parametric Portfolio Associates LLC owned 0.17% of CTS Corporation worth $1,190,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of CTS. Louisiana State Employees Retirement System boosted its position in shares of CTS Corporation by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 13,300 shares of the electronics maker’s stock valued at $283,000 after buying an additional 100 shares in the last quarter. Bank of Montreal Can raised its stake in shares of 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. Comerica Bank raised its stake in shares of CTS Corporation by 3.6% in the first quarter. Comerica Bank now owns 36,125 shares of the electronics maker’s stock valued at $786,000 after buying an additional 1,263 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in shares of CTS Corporation by 4.7% in the first quarter. Great West Life Assurance Co. Can now owns 44,329 shares of the electronics maker’s stock valued at $944,000 after buying an additional 2,000 shares during the last quarter. Finally, Teachers Advisors LLC raised its stake in shares of 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. Hedge funds and other institutional investors own 91.85% of the company’s stock.
Shares of CTS Corporation (NYSE CTS) traded up 0.67% during trading on Wednesday, reaching $22.50. 61,286 shares of the company were exchanged. The firm’s 50 day moving average is $22.08 and its 200 day moving average is $21.69. The firm has a market capitalization of $740.99 million, a P/E ratio of 24.70 and a beta of 1.23. CTS Corporation has a 1-year low of $16.35 and a 1-year high of $24.80.
CTS Corporation (NYSE:CTS) last posted its quarterly earnings results on Thursday, July 27th. The electronics maker reported $0.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.28. The company had revenue of $105.70 million for the quarter, compared to analyst estimates of $103.31 million. CTS Corporation had a return on equity of 11.54% and a net margin of 7.49%. CTS Corporation’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.26 EPS. On average, equities analysts anticipate that CTS Corporation will post $1.15 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, June 23rd were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend was Wednesday, June 21st. CTS Corporation’s dividend payout ratio is currently 17.58%.
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Several equities research analysts have issued reports on the stock. BidaskClub upgraded shares of CTS Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. HSBC Holdings plc downgraded shares of CTS Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 8th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $24.50.
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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