Wasatch Advisors LP Has $103.03 Million Holdings in CTS Co. (NYSE:CTS)

Wasatch Advisors LP reduced its position in CTS Co. (NYSE:CTS - Free Report) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,953,914 shares of the electronics maker's stock after selling 39,949 shares during the period. Wasatch Advisors LP owned approximately 6.49% of CTS worth $103,030,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CTS. Smartleaf Asset Management LLC boosted its position in CTS by 608.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 737 shares of the electronics maker's stock valued at $39,000 after buying an additional 633 shares during the last quarter. KBC Group NV raised its position in shares of CTS by 58.2% during the 4th quarter. KBC Group NV now owns 1,713 shares of the electronics maker's stock valued at $90,000 after acquiring an additional 630 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in CTS during the fourth quarter worth $202,000. Atria Wealth Solutions Inc. bought a new stake in CTS during the fourth quarter valued at $214,000. Finally, Corient Private Wealth LLC acquired a new stake in shares of CTS during the fourth quarter worth $214,000. Institutional investors and hedge funds own 96.87% of the company's stock.

Wall Street Analysts Forecast Growth

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

CTS Price Performance

NYSE CTS traded up $0.70 on Friday, reaching $37.49. The company's stock had a trading volume of 200,183 shares, compared to its average volume of 156,389. The stock has a market cap of $1.13 billion, a PE ratio of 19.73 and a beta of 0.61. CTS Co. has a twelve month low of $34.02 and a twelve month 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 firm's 50 day moving average is $41.85 and its two-hundred day moving average is $48.43.

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

CTS Announces Dividend

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

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.