Jane Street Group LLC Sells 15,393 Shares of CTS Co. (NYSE:CTS)

Jane Street Group LLC cut its stake in shares of CTS Co. (NYSE:CTS) by 23.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,164 shares of the electronics maker’s stock after selling 15,393 shares during the period. Jane Street Group LLC owned 0.17% of CTS worth $2,645,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Quarry LP increased its position in shares of CTS by 572.4% in the fourth quarter. Quarry LP now owns 659 shares of the electronics maker’s stock worth $35,000 after purchasing an additional 561 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of CTS by 608.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 737 shares of the electronics maker’s stock worth $39,000 after purchasing an additional 633 shares during the last quarter. KBC Group NV increased its position in shares of CTS by 58.2% in the fourth quarter. KBC Group NV now owns 1,713 shares of the electronics maker’s stock worth $90,000 after purchasing an additional 630 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in shares of CTS in the fourth quarter worth approximately $202,000. Finally, Corient Private Wealth LLC bought a new position in shares of CTS in the fourth quarter worth approximately $214,000. 96.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

CTS Stock Performance

NYSE:CTS opened at $42.90 on Thursday. The firm has a market cap of $1.28 billion, a PE ratio of 22.58 and a beta of 0.76. CTS Co. has a fifty-two week low of $34.02 and a fifty-two week high of $59.68. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.95 and a current ratio of 2.50. The business has a 50 day moving average price of $39.98 and a 200-day moving average price of $47.41.

CTS (NYSE:CTS) last released its quarterly earnings data on Wednesday, April 30th. The electronics maker reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.05). The company had revenue of $125.77 million for the quarter, compared to analysts’ expectations of $128.72 million. CTS had a net margin of 11.27% and a return on equity of 12.67%. Equities research analysts predict that CTS Co. will post 2.28 earnings per share for the current year.

CTS Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date is Friday, June 27th. CTS’s dividend payout ratio (DPR) is presently 8.08%.

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.