Versor Investments LP Invests $518,000 in CTS Co. (NYSE:CTS)

Versor Investments LP acquired a new stake in CTS Co. (NYSE:CTS) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 10,700 shares of the electronics maker’s stock, valued at approximately $518,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new position in CTS in the second quarter valued at approximately $4,001,000. Marshall Wace LLP acquired a new stake in shares of CTS in the 2nd quarter valued at approximately $2,662,000. Earnest Partners LLC grew its stake in shares of 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 buying an additional 50,632 shares in the last quarter. Raymond James & Associates increased its holdings in 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 buying an additional 47,149 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in CTS by 1.2% during the first quarter. Vanguard Group Inc. now owns 2,805,735 shares of the electronics maker’s stock worth $131,280,000 after acquiring an additional 33,636 shares in the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CTS. StockNews.com downgraded shares of CTS from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Scotiabank cut CTS from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th.

CTS Trading Down 2.9 %

CTS stock opened at $55.62 on Thursday. CTS Co. has a one year low of $38.49 and a one year high of $59.68. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 28.66 and a beta of 0.58. The company has a fifty day moving average price of $48.95 and a two-hundred day moving average price of $49.84. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.46 and a quick ratio of 1.91.

CTS (NYSE:CTS) last announced its earnings results on Tuesday, October 29th. The electronics maker reported $0.63 EPS for the quarter, topping 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 business had revenue of $132.42 million during the quarter. During the same period in the previous year, the firm posted $0.54 EPS. Equities analysts anticipate that CTS Co. will post 2.15 EPS for the current year.

CTS Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, December 27th will be paid a dividend of $0.04 per share. The ex-dividend date is Friday, December 27th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.29%. CTS’s dividend payout ratio (DPR) is currently 8.25%.

CTS 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.