CTS Co. (CTS) Shares Sold by United Services Automobile Association

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United Services Automobile Association reduced its stake in CTS Co. (NYSE:CTS) by 0.2% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 299,740 shares of the electronics maker’s stock after selling 522 shares during the quarter. United Services Automobile Association owned 0.91% of CTS worth $7,760,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. LS Investment Advisors LLC boosted its holdings in shares of CTS by 253.1% in the 4th quarter. LS Investment Advisors LLC now owns 3,513 shares of the electronics maker’s stock worth $91,000 after buying an additional 2,518 shares during the last quarter. Bank of Montreal Can lifted its holdings in CTS by 44.8% during the fourth quarter. Bank of Montreal Can now owns 3,875 shares of the electronics maker’s stock valued at $100,000 after purchasing an additional 1,199 shares during the last quarter. US Bancorp DE lifted its holdings in CTS by 558.2% during the third quarter. US Bancorp DE now owns 3,258 shares of the electronics maker’s stock valued at $112,000 after purchasing an additional 2,763 shares during the last quarter. ClariVest Asset Management LLC purchased a new stake in CTS during the third quarter valued at about $140,000. Finally, Advisors Asset Management Inc. lifted its holdings in CTS by 152.1% during the third quarter. Advisors Asset Management Inc. now owns 5,742 shares of the electronics maker’s stock valued at $197,000 after purchasing an additional 3,464 shares during the last quarter. 92.78% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research downgraded shares of CTS from a “hold” rating to a “sell” rating in a report on Friday.

NYSE CTS opened at $30.81 on Friday. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 20.14 and a beta of 1.33. CTS Co. has a 52 week low of $24.07 and a 52 week high of $39.20. The company has a current ratio of 2.30, a quick ratio of 1.88 and a debt-to-equity ratio of 0.13.

CTS (NYSE:CTS) last released its quarterly earnings data on Tuesday, February 5th. The electronics maker reported $0.41 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. The business had revenue of $120.10 million for the quarter, compared to the consensus estimate of $117.00 million. CTS had a net margin of 9.89% and a return on equity of 14.09%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 earnings per share. On average, analysts anticipate that CTS Co. will post 1.6 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, March 15th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.52%. The ex-dividend date is Thursday, March 14th. CTS’s dividend payout ratio (DPR) is presently 10.46%.

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CTS Company Profile

CTS Corporation designs, manufactures, and sells a range of sensors, electronic components, and actuators primarily to original equipment manufacturers for the aerospace, defense, communications, industrial, information technology, medical, and transportation markets. The company offers sensors and actuators used in passenger or consumer vehicles; electronic components used in communications infrastructure, information technology and other high-speed applications, switches, and potentiometers supplied to various markets; and fabricated piezoelectric materials and substrates used primarily in medical, industrial, defense and aerospace, and information technology markets.

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Institutional Ownership by Quarter for CTS (NYSE:CTS)

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