Natixis Advisors LLC Decreases Stock Holdings in CTS Co. (NYSE:CTS)

Natixis Advisors LLC decreased its holdings in CTS Co. (NYSE:CTS) by 1.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,841 shares of the electronics maker’s stock after selling 296 shares during the quarter. Natixis Advisors LLC’s holdings in CTS were worth $815,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of CTS by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 2,805,735 shares of the electronics maker’s stock valued at $131,280,000 after purchasing an additional 33,636 shares during the last quarter. Earnest Partners LLC increased its position in shares of CTS by 3.0% during the 2nd quarter. Earnest Partners LLC now owns 1,735,534 shares of the electronics maker’s stock valued at $87,870,000 after purchasing an additional 50,632 shares during the last quarter. Tributary Capital Management LLC increased its position in shares of CTS by 0.3% during the 2nd quarter. Tributary Capital Management LLC now owns 308,078 shares of the electronics maker’s stock valued at $15,598,000 after purchasing an additional 902 shares during the last quarter. Royce & Associates LP increased its position in shares of CTS by 5.4% during the 3rd quarter. Royce & Associates LP now owns 294,513 shares of the electronics maker’s stock valued at $14,249,000 after purchasing an additional 15,062 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of CTS by 0.4% during the 2nd quarter. Renaissance Technologies LLC now owns 170,000 shares of the electronics maker’s stock valued at $8,607,000 after purchasing an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

CTS Trading Down 0.2 %

Shares of NYSE:CTS opened at $54.36 on Thursday. The stock has a 50 day moving average of $50.69 and a 200 day moving average of $50.20. The company has a market cap of $1.64 billion, a PE ratio of 28.02 and a beta of 0.58. The company has a current ratio of 2.46, a quick ratio of 1.91 and a debt-to-equity ratio of 0.19. CTS Co. has a 12-month low of $38.49 and a 12-month high of $59.68.

CTS (NYSE:CTS) last announced its quarterly earnings data on Tuesday, October 29th. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. The company had revenue of $132.42 million during the quarter. CTS had a return on equity of 12.39% and a net margin of 11.66%. During the same quarter last year, the firm posted $0.54 earnings per share. As a group, equities research analysts expect that CTS Co. will post 2.15 EPS for the current year.

CTS Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors 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 presently 8.25%.

Wall Street Analyst Weigh In

CTS has been the subject of several research reports. Scotiabank lowered shares of CTS from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. StockNews.com lowered shares of CTS from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th.

About CTS

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.