Vanguard Group Inc. Sells 64,227 Shares of CTS Co. (NYSE:CTS)

Vanguard Group Inc. lessened its holdings in CTS Co. (NYSE:CTS - Free Report) by 2.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,709,337 shares of the electronics maker's stock after selling 64,227 shares during the period. Vanguard Group Inc. owned 9.00% of CTS worth $142,863,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CTS. Raymond James Financial Inc. purchased a new stake in shares of CTS in the 4th quarter valued at about $15,852,000. Madison Investment Advisors LLC bought a new position in shares of CTS in the fourth quarter worth approximately $3,787,000. Intech Investment Management LLC raised its stake in CTS by 147.7% in the fourth quarter. Intech Investment Management LLC now owns 88,021 shares of the electronics maker's stock valued at $4,641,000 after purchasing an additional 52,482 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in CTS by 252.5% during the fourth 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 last quarter. Finally, Barclays PLC grew its stake in CTS by 256.1% in 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. Institutional investors own 96.87% of the company's stock.

Wall Street Analysts Forecast Growth

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

CTS Price Performance

Shares of CTS traded down $0.01 during midday trading on Friday, reaching $37.14. The stock had a trading volume of 208,286 shares, compared to its average volume of 154,665. The company has a current ratio of 2.50, a quick ratio of 1.95 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 19.55 and a beta of 0.61. The company's 50-day moving average is $42.82 and its 200 day moving average is $48.81. CTS Co. has a 12-month low of $34.02 and a 12-month high of $59.68.

CTS (NYSE:CTS - Get Free Report) last issued its earnings results on Tuesday, February 4th. The electronics maker reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.06). CTS had a return on equity of 12.67% and a net margin of 11.27%. On average, equities analysts predict that CTS Co. will post 2.28 EPS for the current fiscal year.

CTS Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 28th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.43%. The ex-dividend date is Friday, March 28th. CTS's dividend payout ratio is presently 8.42%.

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.