BW Gestao de Investimentos Ltda. Reduces Stake in CTS Co. (CTS)

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BW Gestao de Investimentos Ltda. trimmed its position in CTS Co. (NYSE:CTS) by 14.9% in the third quarter, Holdings Channel reports. The fund owned 16,098 shares of the electronics maker’s stock after selling 2,829 shares during the quarter. BW Gestao de Investimentos Ltda.’s holdings in CTS were worth $552,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Rhumbline Advisers raised its position in CTS by 2.0% during the 2nd quarter. Rhumbline Advisers now owns 85,092 shares of the electronics maker’s stock worth $3,063,000 after purchasing an additional 1,655 shares during the last quarter. PNC Financial Services Group Inc. raised its position in CTS by 10.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 24,921 shares of the electronics maker’s stock worth $856,000 after purchasing an additional 2,318 shares during the last quarter. Teachers Advisors LLC raised its position in CTS by 2.5% during the 3rd quarter. Teachers Advisors LLC now owns 99,982 shares of the electronics maker’s stock worth $3,429,000 after purchasing an additional 2,406 shares during the last quarter. US Bancorp DE raised its position in CTS by 558.2% during the 3rd quarter. US Bancorp DE now owns 3,258 shares of the electronics maker’s stock worth $112,000 after purchasing an additional 2,763 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in CTS by 1.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 173,075 shares of the electronics maker’s stock worth $6,231,000 after purchasing an additional 2,779 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Separately, ValuEngine lowered CTS from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th.

Shares of NYSE:CTS opened at $26.61 on Wednesday. The firm has a market cap of $881.11 million, a P/E ratio of 17.64 and a beta of 1.40. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.26 and a quick ratio of 1.86. CTS Co. has a 12-month low of $25.08 and a 12-month high of $39.20.

CTS (NYSE:CTS) last announced its earnings results on Thursday, October 25th. The electronics maker reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The business had revenue of $118.86 million during the quarter. CTS had a return on equity of 14.11% and a net margin of 3.33%. Analysts expect that CTS Co. will post 1.51 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 1st. Investors of record on Friday, December 28th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.60%. The ex-dividend date is Thursday, December 27th. CTS’s dividend payout ratio is currently 13.01%.

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CTS Company Profile

CTS Corp is a designer and manufacturer of electronic components, actuators and sensors and a provider of services to OEMs in the automotive, communications, medical, defense and aerospace, industrial and computer markets. The company manufacture products in North America, Europe and Asia. CTS was founded in 1896 and is headquartered in Lisle, IL.

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Institutional Ownership by Quarter for CTS (NYSE:CTS)

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