CTS Co. (NYSE:CTS) Shares Acquired by Barclays PLC

Barclays PLC lifted its holdings in CTS Co. (NYSE:CTS) by 256.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,238 shares of the electronics maker’s stock after purchasing an additional 41,164 shares during the quarter. Barclays PLC’s holdings in CTS were worth $2,769,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Weiss Asset Management LP acquired a new stake in CTS in the third quarter worth about $4,960,000. Wasatch Advisors LP grew its position in CTS by 23.1% during the 3rd quarter. Wasatch Advisors LP now owns 1,993,863 shares of the electronics maker’s stock worth $96,463,000 after purchasing an additional 374,104 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in CTS by 24.7% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 138,444 shares of the electronics maker’s stock valued at $6,698,000 after purchasing an additional 27,455 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of CTS by 22.9% in the third quarter. BNP Paribas Financial Markets now owns 13,477 shares of the electronics maker’s stock worth $652,000 after buying an additional 2,514 shares during the last quarter. Finally, Raymond James Trust N.A. lifted its stake in shares of CTS by 13.6% during the third quarter. Raymond James Trust N.A. now owns 5,587 shares of the electronics maker’s stock worth $270,000 after buying an additional 669 shares during the period. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CTS. Scotiabank lowered CTS from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. StockNews.com lowered CTS from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th.

Insider Buying and Selling

In related news, CEO Kieran M. O’sullivan sold 12,794 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $55.50, for a total value of $710,067.00. Following the completion of the transaction, the chief executive officer now owns 400,456 shares of the company’s stock, valued at approximately $22,225,308. This represents a 3.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 59,956 shares of company stock valued at $3,331,185. Corporate insiders own 2.30% of the company’s stock.

CTS Trading Up 1.0 %

NYSE CTS opened at $53.42 on Wednesday. The company has a fifty day moving average of $53.22 and a 200 day moving average of $50.45. The company has a market capitalization of $1.61 billion, a PE ratio of 27.54 and a beta of 0.60. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.46 and a quick ratio of 1.91. CTS Co. has a 1 year low of $40.09 and a 1 year high of $59.68.

CTS (NYSE:CTS) last posted its earnings results on Tuesday, October 29th. The electronics maker reported $0.63 EPS for the quarter, topping the consensus estimate of $0.57 by $0.06. The firm had revenue of $132.42 million for the quarter. CTS had a return on equity of 12.39% and a net margin of 11.66%. During the same period last year, the business earned $0.54 earnings per share. Research analysts forecast that CTS Co. will post 2.15 earnings per share for the current year.

CTS Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, December 27th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.30%. The ex-dividend date is Friday, December 27th. CTS’s dividend payout ratio is currently 8.25%.

CTS Company Profile

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.