Natixis Advisors LLC Raises Stock Position in CTS Co. (NYSE:CTS)

Natixis Advisors LLC lifted its position in CTS Co. (NYSE:CTS) by 11.6% in the second quarter, Holdings Channel reports. The firm owned 17,137 shares of the electronics maker’s stock after buying an additional 1,779 shares during the period. Natixis Advisors LLC’s holdings in CTS were worth $868,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC lifted its holdings in shares of CTS by 245.5% in the 4th quarter. Parallel Advisors LLC now owns 577 shares of the electronics maker’s stock worth $25,000 after buying an additional 410 shares during the period. Innealta Capital LLC purchased a new stake in CTS in the second quarter worth about $27,000. Central Pacific Bank Trust Division bought a new position in CTS during the 1st quarter worth about $46,000. Quadrant Capital Group LLC increased its position in CTS by 25.8% during the 4th quarter. Quadrant Capital Group LLC now owns 1,636 shares of the electronics maker’s stock valued at $72,000 after purchasing an additional 336 shares during the period. Finally, Hantz Financial Services Inc. bought a new stake in shares of CTS in the 2nd quarter valued at about $157,000. Institutional investors own 96.87% of the company’s stock.

CTS Trading Up 2.0 %

CTS opened at $45.85 on Thursday. CTS Co. has a 12 month low of $35.50 and a 12 month high of $55.47. The stock has a fifty day moving average price of $48.80 and a 200-day moving average price of $48.47. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 26.97 and a beta of 0.58. The company has a current ratio of 3.41, a quick ratio of 2.85 and a debt-to-equity ratio of 0.12.

CTS (NYSE:CTS) last released its quarterly earnings results on Tuesday, July 30th. The electronics maker reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. CTS had a net margin of 10.70% and a return on equity of 11.98%. The business had revenue of $130.16 million during the quarter, compared to analyst estimates of $133.33 million. During the same period in the prior year, the firm posted $0.59 earnings per share. The company’s quarterly revenue was down 10.3% on a year-over-year basis. As a group, equities research analysts anticipate that CTS Co. will post 2.15 earnings per share for the current fiscal year.

CTS Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, September 27th will be paid a $0.04 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.16 annualized dividend and a yield of 0.35%. CTS’s dividend payout ratio (DPR) is 9.41%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of CTS from a “hold” rating to a “buy” rating in a research note on Tuesday, August 27th.

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.