SG Americas Securities LLC Takes $387,000 Position in CTS Corporation (CTS)
SG Americas Securities LLC acquired a new stake in CTS Corporation (NYSE:CTS) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 16,043 shares of the electronics maker’s stock, valued at approximately $387,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Teachers Advisors LLC lifted its position in CTS by 2.4% during the 1st quarter. Teachers Advisors LLC now owns 51,961 shares of the electronics maker’s stock worth $1,107,000 after buying an additional 1,207 shares in the last quarter. Russell Investments Group Ltd. lifted its position in CTS by 6.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 117,005 shares of the electronics maker’s stock worth $2,527,000 after buying an additional 7,184 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in CTS by 5.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 142,397 shares of the electronics maker’s stock worth $3,034,000 after buying an additional 7,317 shares in the last quarter. Cigna Investments Inc. New bought a new stake in CTS during the 2nd quarter worth about $227,000. Finally, Wedge Capital Management L L P NC lifted its position in CTS by 35.6% during the 3rd quarter. Wedge Capital Management L L P NC now owns 60,150 shares of the electronics maker’s stock worth $1,450,000 after buying an additional 15,800 shares in the last quarter. 93.87% of the stock is currently owned by institutional investors and hedge funds.
Shares of CTS Corporation (NYSE CTS) opened at $25.45 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.93 and a current ratio of 2.28. CTS Corporation has a 52-week low of $19.30 and a 52-week high of $28.35. The company has a market cap of $849.78, a PE ratio of 22.63 and a beta of 1.12.
CTS (NYSE:CTS) last issued its quarterly earnings results on Thursday, October 26th. The electronics maker reported $0.31 EPS for the quarter, topping the consensus estimate of $0.29 by $0.02. CTS had a net margin of 8.79% and a return on equity of 11.47%. The firm had revenue of $106.20 million for the quarter, compared to analysts’ expectations of $105.56 million. During the same period in the previous year, the firm posted $0.28 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. sell-side analysts anticipate that CTS Corporation will post 1.13 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 2nd. Stockholders of record on Friday, December 29th will be issued a $0.04 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.63%. CTS’s payout ratio is 14.68%.
Separately, ValuEngine cut shares of CTS from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th.
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CTS 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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