CTS Co. (NYSE:CTS) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its stake in CTS Co. (NYSE:CTS) by 22.9% in the third quarter, HoldingsChannel reports. The firm owned 13,477 shares of the electronics maker’s stock after acquiring an additional 2,514 shares during the quarter. BNP Paribas Financial Markets’ holdings in CTS were worth $652,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of CTS. Allspring Global Investments Holdings LLC acquired a new position in shares of CTS in the 2nd quarter valued at $4,001,000. Marshall Wace LLP purchased a new stake in CTS in the second quarter valued at $2,662,000. Earnest Partners LLC boosted its stake in CTS by 3.0% in the second quarter. Earnest Partners LLC now owns 1,735,534 shares of the electronics maker’s stock valued at $87,870,000 after acquiring an additional 50,632 shares in the last quarter. Raymond James & Associates grew its holdings in shares of CTS by 55.1% during the second quarter. Raymond James & Associates now owns 132,729 shares of the electronics maker’s stock worth $6,720,000 after purchasing an additional 47,149 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of CTS during the third quarter worth about $1,890,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Insider Buying and Selling at CTS

In other news, CEO Kieran M. O’sullivan sold 31,978 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $55.81, for a total transaction of $1,784,692.18. Following the transaction, the chief executive officer now directly owns 423,665 shares of the company’s stock, valued at approximately $23,644,743.65. The trade was a 7.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 59,956 shares of company stock worth $3,331,185 in the last quarter. 2.00% of the stock is owned by insiders.

CTS Stock Down 0.6 %

CTS stock opened at $56.31 on Friday. The company has a current ratio of 2.46, a quick ratio of 1.91 and a debt-to-equity ratio of 0.19. The company’s 50-day moving average price is $52.36 and its 200 day moving average price is $50.44. CTS Co. has a 52 week low of $39.43 and a 52 week high of $59.68. The company has a market cap of $1.70 billion, a P/E ratio of 29.03 and a beta of 0.60.

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

CTS Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, December 27th will be given a $0.04 dividend. The ex-dividend date is Friday, December 27th. This represents a $0.16 annualized dividend and a dividend yield of 0.28%. CTS’s dividend payout ratio is presently 8.25%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Scotiabank cut CTS from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. StockNews.com cut shares of CTS from a “buy” rating to a “hold” rating in a report on Thursday, November 7th.

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.