Versor Investments LP Takes Position in CTS Co. (NYSE:CTS)

Versor Investments LP acquired a new stake in shares of CTS Co. (NYSE:CTS - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,700 shares of the electronics maker's stock, valued at approximately $518,000.

A number of other hedge funds have also made changes to their positions in CTS. BNP Paribas Financial Markets grew its holdings in CTS by 9.2% in the 1st quarter. BNP Paribas Financial Markets now owns 27,511 shares of the electronics maker's stock valued at $1,287,000 after buying an additional 2,310 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of CTS in the 1st quarter worth approximately $216,000. Texas Permanent School Fund Corp lifted its position in shares of CTS by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 27,269 shares of the electronics maker's stock worth $1,276,000 after acquiring an additional 352 shares during the period. Russell Investments Group Ltd. lifted its position in shares of CTS by 54.8% in the 1st quarter. Russell Investments Group Ltd. now owns 23,745 shares of the electronics maker's stock worth $1,111,000 after acquiring an additional 8,405 shares during the period. Finally, ProShare Advisors LLC lifted its position in shares of CTS by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 6,250 shares of the electronics maker's stock worth $292,000 after acquiring an additional 428 shares during the period. Institutional investors and hedge funds own 96.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CTS. StockNews.com downgraded CTS from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. Scotiabank downgraded CTS from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 25th.

CTS Price Performance

CTS stock traded down $1.55 during midday trading on Thursday, reaching $54.06. 189,627 shares of the company's stock traded hands, compared to its average volume of 150,060. The company has a 50-day simple moving average of $49.13 and a two-hundred day simple moving average of $49.88. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 28.35 and a beta of 0.58. CTS Co. has a 1-year low of $38.49 and a 1-year high of $59.68. The company has a quick ratio of 1.91, a current ratio of 2.46 and a debt-to-equity ratio of 0.19.

CTS (NYSE:CTS - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The electronics maker reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.06. CTS had a return on equity of 12.39% and a net margin of 11.66%. The business had revenue of $132.42 million during the quarter. During the same period last year, the firm earned $0.54 earnings per share. On average, analysts anticipate that CTS Co. will post 2.15 earnings per share for the current year.

CTS Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, December 27th will be issued a dividend of $0.04 per share. The ex-dividend date is Friday, December 27th. This represents a $0.16 annualized dividend and a yield of 0.30%. CTS's dividend payout ratio is presently 8.25%.

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.