US Bancorp DE Has $635,000 Stock Position in CTS Co. (NYSE:CTS)

US Bancorp DE lessened its holdings in shares of CTS Co. (NYSE:CTS) by 27.3% during the third quarter, Holdings Channel.com reports. The firm owned 13,131 shares of the electronics maker’s stock after selling 4,921 shares during the quarter. US Bancorp DE’s holdings in CTS were worth $635,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Pitcairn Co. lifted its holdings in CTS by 3.2% during the 1st quarter. Pitcairn Co. now owns 7,096 shares of the electronics maker’s stock worth $332,000 after buying an additional 222 shares during the period. Trust Point Inc. boosted its holdings in CTS by 2.1% in the third quarter. Trust Point Inc. now owns 12,861 shares of the electronics maker’s stock valued at $622,000 after acquiring an additional 270 shares during the last quarter. SummerHaven Investment Management LLC increased its position in CTS by 1.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 17,529 shares of the electronics maker’s stock valued at $887,000 after purchasing an additional 285 shares during the period. AQR Capital Management LLC raised its holdings in CTS by 5.8% during the 2nd quarter. AQR Capital Management LLC now owns 5,637 shares of the electronics maker’s stock worth $285,000 after purchasing an additional 308 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of CTS by 132.5% in the 3rd quarter. GAMMA Investing LLC now owns 586 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 334 shares during the period. Institutional investors own 96.87% of the company’s stock.

CTS Price Performance

CTS stock opened at $57.97 on Monday. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 29.88 and a beta of 0.58. CTS Co. has a 52-week low of $37.60 and a 52-week high of $59.68. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.91 and a current ratio of 2.46. The stock’s 50 day moving average price is $48.57 and its two-hundred day moving average price is $49.64.

CTS (NYSE:CTS) last posted its quarterly earnings results on Tuesday, October 29th. The electronics maker reported $0.63 EPS 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 quarter in the previous year, the business posted $0.54 earnings per share. On average, equities analysts predict that CTS Co. will post 2.15 earnings per share for the current year.

CTS Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, December 27th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend is Friday, December 27th. CTS’s dividend payout ratio (DPR) is currently 8.25%.

Analyst Ratings Changes

A number of brokerages recently weighed in on CTS. Scotiabank downgraded shares of 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.

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.