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.

Institutional Ownership by Quarter for CTS (NYSE:CTS)

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