2 weeks Ago By ABMN Staff
Public Employees Retirement Association of Colorado trimmed its holdings in shares of CTS Co. ( NYSE:CTS – Free Report ) by 18.7% in the 2nd quarter, according to its most recent disclosure with the SEC.
The fund owned 4,965 shares of the electronics maker’s stock after selling 1,143 shares during the period. Public Employees Retirement Association of Colorado’s holdings in CTS were worth $251,000 as of its most recent SEC filing. A number of other hedge funds have also recently made changes to their positions in CTS.
Wellington Management Group LLP raised its stake in CTS by 7.6% during the fourth quarter. Wellington Management Group LLP now owns 1,344,017 shares of the electronics maker’s stock valued at $58,787,000 after buying an additional 94,901 shares during the last quarter.
Wasatch Advisors LP purchased a new position in shares of CTS in the 4th quarter worth about $16,197,000. Tributary Capital Management LLC grew its position in CTS by 11.3% during the 1st quarter.
Tributary Capital Management LLC now owns 307,176 shares of the electronics maker’s stock valued at $14,373,000 after purchasing an additional 31,069 shares during the last quarter. Raymond James & Associates increased its stake in CTS by 55.1% during the 2nd quarter.
Raymond James & Associates now owns 132,729 shares of the electronics maker’s stock valued at $6,720,000 after purchasing an additional 47,149 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its stake in CTS by 5.7% during the 1st quarter.
CANADA LIFE ASSURANCE Co now owns 34,514 shares of the electronics maker’s stock valued at $1,616,000 after purchasing an additional 1,861 shares in the last quarter. 96.87% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades Separately, StockNews.com cut shares of CTS from a “buy” rating to a “hold” rating in a report on Monday, September 16th. CTS Trading Up 0.
3 % Shares of NYSE:CTS opened at $48.38 on Friday. The company has a debt-to-equity ratio of 0.
12, a current ratio of 3.41 and a quick ratio of 2.85.
CTS Co. has a 1 year low of $35.50 and a 1 year high of $55.
47. The company has a market cap of $1.49 billion, a P/E ratio of 28.
46 and a beta of 0.58. The stock’s fifty day moving average price is $47.
82 and its 200-day moving average price is $48.68. CTS ( NYSE:CTS – Get Free Report ) last posted its earnings results on Tuesday, July 30th.
The electronics maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.
01. CTS had a net margin of 10.70% and a return on equity of 11.
98%. The business had revenue of $130.16 million for the quarter, compared to analysts’ expectations of $133.
33 million. During the same quarter in the prior year, the business earned $0.59 EPS.
The business’s revenue for the quarter was down 10.3% compared to the same quarter last year. Sell-side analysts expect that CTS Co.
will post 2.15 earnings per share for the current year. CTS Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th.
Shareholders of record on Friday, September 27th will be given a $0.04 dividend. This represents a $0.
16 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date is Friday, September 27th.
CTS’s dividend payout ratio (DPR) is presently 9.41%. CTS Company Profile ( Free Report ) 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. See Also Receive News & Ratings for CTS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CTS and related companies with MarketBeat.
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