CTS Co. (NYSE:CTS) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its holdings in shares of CTS Co. (NYSE:CTS) by 6.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 15,416 shares of the electronics maker’s stock after selling 1,065 shares during the quarter. Yousif Capital Management LLC’s holdings in CTS were worth $674,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of CTS. Handelsbanken Fonder AB bought a new position in CTS during the 4th quarter valued at $209,000. Sendero Wealth Management LLC grew its holdings in shares of CTS by 10.7% during the 4th quarter. Sendero Wealth Management LLC now owns 6,198 shares of the electronics maker’s stock valued at $271,000 after acquiring an additional 600 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in CTS by 30.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,578 shares of the electronics maker’s stock worth $275,000 after buying an additional 1,525 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of CTS during the 3rd quarter valued at $332,000. Finally, PNC Financial Services Group Inc. raised its holdings in CTS by 8.5% during the third quarter. PNC Financial Services Group Inc. now owns 9,185 shares of the electronics maker’s stock valued at $383,000 after buying an additional 720 shares in the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Wall Street Analysts Forecast Growth

CTS has been the subject of a number of research analyst reports. Sidoti lowered shares of CTS from a “buy” rating to a “neutral” rating and set a $46.00 price objective for the company. in a research report on Wednesday, February 7th. TD Cowen upped their price target on CTS from $38.00 to $46.00 and gave the company a “market perform” rating in a report on Wednesday, February 7th.

Insider Activity at CTS

In other CTS news, CFO Ashish Agrawal sold 4,504 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $47.10, for a total transaction of $212,138.40. Following the completion of the transaction, the chief financial officer now directly owns 128,777 shares in the company, valued at $6,065,396.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Kieran M. O’sullivan sold 2,064 shares of CTS stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $47.00, for a total value of $97,008.00. Following the completion of the transaction, the chief executive officer now directly owns 499,498 shares of the company’s stock, valued at $23,476,406. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ashish Agrawal sold 4,504 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $47.10, for a total transaction of $212,138.40. Following the transaction, the chief financial officer now owns 128,777 shares in the company, valued at $6,065,396.70. The disclosure for this sale can be found here. Insiders have sold a total of 62,602 shares of company stock valued at $2,947,896 in the last 90 days. 2.00% of the stock is owned by corporate insiders.

CTS Trading Up 2.2 %

Shares of CTS stock opened at $49.59 on Monday. CTS Co. has a 52-week low of $35.50 and a 52-week high of $49.67. The firm has a market capitalization of $1.53 billion, a PE ratio of 29.17 and a beta of 0.62. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.32 and a quick ratio of 2.67. The company’s fifty day moving average price is $45.33 and its two-hundred day moving average price is $42.81.

CTS (NYSE:CTS) last posted its earnings results 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. The business had revenue of $125.70 million for the quarter, compared to analysts’ expectations of $126.75 million. CTS had a net margin of 10.06% and a return on equity of 12.39%. The firm’s revenue for the quarter was down 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 earnings per share. On average, analysts expect that CTS Co. will post 2.3 EPS for the current year.

CTS Announces Dividend

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

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.