CTS Co. (NYSE:CTS) CFO Sells $211,399.85 in Stock

CTS Co. (NYSE:CTS) CFO Ashish Agrawal sold 4,495 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $47.03, for a total value of $211,399.85. Following the sale, the chief financial officer now owns 120,278 shares of the company’s stock, valued at $5,656,674.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Ashish Agrawal also recently made the following trade(s):

• On Monday, April 29th, Ashish Agrawal sold 1,604 shares of CTS stock. The shares were sold at an average price of $47.00, for a total value of $75,388.00.
• On Thursday, April 11th, Ashish Agrawal sold 800 shares of CTS stock. The shares were sold at an average price of $47.00, for a total value of $37,600.00.
• On Thursday, March 28th, Ashish Agrawal sold 4,504 shares of CTS stock. The shares were sold at an average price of $47.10, for a total value of $212,138.40.

CTS Stock Performance

CTS stock opened at $49.59 on Friday. The company has a market cap of $1.53 billion, a PE ratio of 29.17 and a beta of 0.62. CTS Co. has a 12 month low of $35.50 and a 12 month high of $49.67. The company has a fifty day moving average price of $45.33 and a two-hundred day moving average price of $42.78. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.32 and a quick ratio of 2.67.

CTS (NYSE:CTS) last announced its quarterly earnings data on Wednesday, May 1st. The electronics maker reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.06. CTS had a net margin of 10.06% and a return on equity of 12.39%. The business had revenue of $125.70 million during the quarter, compared to the consensus estimate of $126.75 million. During the same quarter in the prior year, the firm earned $0.61 EPS. The company’s revenue for the quarter was down 13.9% compared to the same quarter last year. Research analysts expect that CTS Co. will post 2.3 earnings per share for the current year.

CTS Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Thursday, March 28th were given a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.16 annualized dividend and a yield of 0.32%. CTS’s dividend payout ratio is presently 9.41%.

Analyst Ratings Changes

A number of brokerages recently issued reports on CTS. Sidoti lowered shares of CTS from a “buy” rating to a “neutral” rating and set a $46.00 price target for the company. in a research note on Wednesday, February 7th. TD Cowen boosted their target price on shares of CTS from $38.00 to $46.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 7th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CTS. Parallel Advisors LLC boosted its position in shares of CTS by 245.5% during the fourth quarter. Parallel Advisors LLC now owns 577 shares of the electronics maker’s stock worth $25,000 after buying an additional 410 shares during the period. Central Pacific Bank Trust Division acquired a new position in CTS during the 1st quarter worth $46,000. Quadrant Capital Group LLC grew its stake in shares of CTS by 25.8% in the fourth quarter. Quadrant Capital Group LLC now owns 1,636 shares of the electronics maker’s stock worth $72,000 after purchasing an additional 336 shares in the last quarter. Perpetual Ltd acquired a new position in shares of CTS during the first quarter valued at $211,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of CTS during the first quarter valued at about $216,000. Institutional investors own 96.87% of the company’s stock.

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.