Marshall Wace LLP Purchases Shares of 52,583 CTS Co. (NYSE:CTS)

Marshall Wace LLP purchased a new position in CTS Co. (NYSE:CTS - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 52,583 shares of the electronics maker's stock, valued at approximately $2,662,000. Marshall Wace LLP owned about 0.17% of CTS as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank bought a new position in shares of CTS during the fourth quarter valued at approximately $8,859,000. Parallel Advisors LLC grew its stake in CTS by 245.5% in the 4th quarter. Parallel Advisors LLC now owns 577 shares of the electronics maker's stock worth $25,000 after acquiring an additional 410 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its holdings in CTS by 18.9% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 9,465 shares of the electronics maker's stock worth $414,000 after purchasing an additional 1,504 shares during the period. Wasatch Advisors LP bought a new stake in shares of CTS in the fourth quarter valued at about $16,197,000. Finally, Fiduciary Management Inc. WI raised its holdings in shares of CTS by 4.2% in the 4th quarter. Fiduciary Management Inc. WI now owns 1,187,171 shares of the electronics maker's stock valued at $51,927,000 after purchasing an additional 47,730 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company's stock.

CTS Stock Up 1.3 %

Shares of CTS stock traded up $0.60 during trading on Friday, reaching $47.97. The company's stock had a trading volume of 53,428 shares, compared to its average volume of 150,955. CTS Co. has a 1-year low of $35.50 and a 1-year high of $55.47. The company has a 50-day simple moving average of $47.40 and a two-hundred day simple moving average of $48.76. The company has a quick ratio of 2.85, a current ratio of 3.41 and a debt-to-equity ratio of 0.12. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 27.84 and a beta of 0.58.

CTS (NYSE:CTS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The electronics maker reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. The business had revenue of $130.16 million during the quarter, compared to the consensus estimate of $133.33 million. CTS had a return on equity of 11.98% and a net margin of 10.70%. The company's quarterly revenue was down 10.3% on a year-over-year basis. During the same quarter last year, the company earned $0.59 earnings per share. As a group, equities analysts forecast that CTS Co. will post 2.15 earnings per share for the current year.

CTS Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, September 27th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.16 dividend on an annualized basis and a yield of 0.33%. CTS's dividend payout ratio is currently 9.41%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of CTS from a "buy" rating to a "hold" rating in a report on Monday, September 16th.

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.