Louisiana State Employees Retirement System Has $711,000 Stock Holdings in CTS Co. (NYSE:CTS)

Louisiana State Employees Retirement System lowered its position in shares of CTS Co. (NYSE:CTS) by 4.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,700 shares of the electronics maker’s stock after selling 700 shares during the quarter. Louisiana State Employees Retirement System’s holdings in CTS were worth $711,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CTS. Vanguard Group Inc. raised its stake in shares of CTS by 1.2% in the first quarter. Vanguard Group Inc. now owns 2,805,735 shares of the electronics maker’s stock valued at $131,280,000 after acquiring an additional 33,636 shares during the last quarter. Earnest Partners LLC increased its holdings in CTS by 3.0% during the 2nd quarter. Earnest Partners LLC now owns 1,735,534 shares of the electronics maker’s stock valued at $87,870,000 after purchasing an additional 50,632 shares in the last quarter. Tributary Capital Management LLC raised its position in CTS by 0.3% in the 2nd quarter. Tributary Capital Management LLC now owns 308,078 shares of the electronics maker’s stock valued at $15,598,000 after purchasing an additional 902 shares during the last quarter. Heartland Advisors Inc. boosted its stake in CTS by 1.7% in the first quarter. Heartland Advisors Inc. now owns 212,455 shares of the electronics maker’s stock worth $9,941,000 after purchasing an additional 3,509 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of CTS by 0.4% during the second quarter. Renaissance Technologies LLC now owns 170,000 shares of the electronics maker’s stock worth $8,607,000 after purchasing an additional 700 shares during the last quarter. 96.87% of the stock is owned by institutional investors.

CTS Price Performance

Shares of CTS stock opened at $51.52 on Tuesday. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 26.56 and a beta of 0.58. CTS Co. has a 12 month low of $37.60 and a 12 month high of $55.47. The company has a quick ratio of 2.85, a current ratio of 2.46 and a debt-to-equity ratio of 0.19. The stock has a 50-day moving average price of $47.92 and a 200 day moving average price of $49.32.

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

CTS Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, September 27th were paid a dividend of $0.04 per share. The ex-dividend date was Friday, September 27th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.31%. CTS’s dividend payout ratio (DPR) is presently 8.25%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CTS shares. StockNews.com raised CTS from a “hold” rating to a “buy” rating in a report on Thursday, October 10th. Scotiabank lowered shares of CTS from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th.

About CTS

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.