Renaissance Technologies LLC Purchases 4,042 Shares of CTS Co. (NYSE:CTS)

Renaissance Technologies LLC lifted its position in shares of CTS Co. (NYSE:CTS) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 189,942 shares of the electronics maker’s stock after purchasing an additional 4,042 shares during the period. Renaissance Technologies LLC owned 0.63% of CTS worth $10,016,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CTS. Barclays PLC lifted its position in shares of CTS by 256.1% during the 3rd quarter. Barclays PLC now owns 57,238 shares of the electronics maker’s stock worth $2,769,000 after buying an additional 41,164 shares in the last quarter. Geode Capital Management LLC increased its position in shares of CTS by 4.3% during the third quarter. Geode Capital Management LLC now owns 806,180 shares of the electronics maker’s stock valued at $39,010,000 after acquiring an additional 33,449 shares during the last quarter. Perpetual Ltd lifted its holdings in CTS by 88.5% during the fourth quarter. Perpetual Ltd now owns 8,501 shares of the electronics maker’s stock worth $448,000 after acquiring an additional 3,991 shares during the period. KBC Group NV lifted its holdings in CTS by 58.2% during the fourth quarter. KBC Group NV now owns 1,713 shares of the electronics maker’s stock worth $90,000 after acquiring an additional 630 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in CTS by 252.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 65,174 shares of the electronics maker’s stock valued at $3,437,000 after purchasing an additional 46,686 shares during the period. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

CTS Stock Down 1.7 %

CTS stock opened at $36.72 on Thursday. The firm has a 50 day moving average price of $42.21 and a 200-day moving average price of $48.57. The company has a quick ratio of 1.95, a current ratio of 2.50 and a debt-to-equity ratio of 0.17. CTS Co. has a twelve month low of $34.02 and a twelve month high of $59.68. The company has a market capitalization of $1.10 billion, a P/E ratio of 19.33 and a beta of 0.61.

CTS (NYSE:CTS) last announced its quarterly earnings data on Tuesday, February 4th. The electronics maker reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.06). CTS had a net margin of 11.27% and a return on equity of 12.67%. As a group, equities analysts predict that CTS Co. will post 2.28 EPS for the current year.

CTS Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 28th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Friday, March 28th. CTS’s dividend payout ratio is currently 8.42%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded CTS from a “hold” rating to a “buy” rating in a research note on Monday, March 3rd.

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.