CTS Co. (NYSE:CTS) CFO Sells $37,600.00 in Stock

CTS Co. (NYSE:CTS) CFO Ashish Agrawal sold 800 shares of CTS stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $47.00, for a total value of $37,600.00. Following the completion of the transaction, the chief financial officer now owns 127,977 shares of the company’s stock, valued at approximately $6,014,919. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Ashish Agrawal also recently made the following trade(s):

• On Thursday, March 28th, Ashish Agrawal sold 4,504 shares of CTS stock. The shares were sold at an average price of $47.10, for a total value of $212,138.40.

CTS Stock Down 1.2 %

Shares of CTS stock opened at $43.84 on Thursday. The company has a quick ratio of 2.67, a current ratio of 3.29 and a debt-to-equity ratio of 0.13. CTS Co. has a 12 month low of $35.50 and a 12 month high of $47.90. The business has a fifty day simple moving average of $45.16 and a 200 day simple moving average of $42.41. The stock has a market cap of $1.35 billion, a PE ratio of 22.83 and a beta of 0.61.

CTS (NYSE:CTS) last posted its earnings results on Tuesday, February 6th. The electronics maker reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. CTS had a return on equity of 13.41% and a net margin of 11.00%. The firm had revenue of $124.69 million during the quarter, compared to analysts’ expectations of $124.51 million. During the same period in the previous year, the firm earned $0.56 earnings per share. The company’s revenue was down 12.4% on a year-over-year basis. Research analysts predict that CTS Co. will post 2.3 EPS for the current year.

CTS Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Thursday, March 28th will be paid a $0.04 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.16 dividend on an annualized basis and a yield of 0.36%. CTS’s payout ratio is 8.33%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Sidoti downgraded CTS from a “buy” rating to a “neutral” rating and set a $46.00 price objective for the company. in a research report on Wednesday, February 7th. TD Cowen boosted their target price on CTS from $38.00 to $46.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 7th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC grew its stake in CTS by 245.5% in the fourth quarter. Parallel Advisors LLC now owns 577 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 410 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of CTS by 140.3% during the first quarter. Tower Research Capital LLC TRC now owns 728 shares of the electronics maker’s stock worth $36,000 after buying an additional 425 shares during the period. FMR LLC boosted its position in shares of CTS by 39.1% during the first quarter. FMR LLC now owns 986 shares of the electronics maker’s stock worth $49,000 after buying an additional 277 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of CTS during the second quarter worth about $56,000. Finally, Quadrant Capital Group LLC boosted its position in shares of CTS by 25.8% during the fourth quarter. Quadrant Capital Group LLC now owns 1,636 shares of the electronics maker’s stock worth $72,000 after buying an additional 336 shares during the period. 96.87% of the stock is owned by institutional investors and hedge funds.

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.