Pitcairn Co. lessened its position in CTS Co. (NYSE:CTS – Free Report) by 14.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 6,605 shares of the electronics maker’s stock after selling 1,128 shares during the quarter. Pitcairn Co.’s holdings in CTS were worth $320,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Trust Point Inc. grew its position in CTS by 2.1% in the 3rd quarter. Trust Point Inc. now owns 12,861 shares of the electronics maker’s stock valued at $622,000 after acquiring an additional 270 shares in the last quarter. SummerHaven Investment Management LLC grew its holdings in shares of CTS by 1.7% in the second quarter. SummerHaven Investment Management LLC now owns 17,529 shares of the electronics maker’s stock valued at $887,000 after purchasing an additional 285 shares in the last quarter. AQR Capital Management LLC increased its stake in CTS by 5.8% during the 2nd quarter. AQR Capital Management LLC now owns 5,637 shares of the electronics maker’s stock worth $285,000 after buying an additional 308 shares during the period. GAMMA Investing LLC increased its stake in CTS by 132.5% during the 3rd quarter. GAMMA Investing LLC now owns 586 shares of the electronics maker’s stock worth $28,000 after buying an additional 334 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in CTS by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,372 shares of the electronics maker’s stock worth $778,000 after buying an additional 444 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.
CTS Trading Down 0.2 %
NYSE CTS opened at $54.36 on Thursday. CTS Co. has a 52 week low of $38.49 and a 52 week high of $59.68. The firm has a 50 day moving average of $50.69 and a two-hundred day moving average of $50.20. The company has a quick ratio of 1.91, a current ratio of 2.46 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $1.64 billion, a PE ratio of 28.02 and a beta of 0.58.
CTS Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, December 27th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend is Friday, December 27th. CTS’s payout ratio is 8.25%.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the stock. StockNews.com downgraded shares of CTS from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Scotiabank downgraded CTS from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th.
Get Our Latest Stock Report on CTS
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.
Recommended Stories
- Five stocks we like better than CTS
- Learn Technical Analysis Skills to Master the Stock Market
- Microsoft Stock Gets a $550 Price Target: Time to Get Excited
- REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today
- Trump Tariffs in Focus: 2 Chinese Stocks to Own and 2 to Avoid
- Using the MarketBeat Dividend Tax Calculator
- 2 Generic Drug Stocks Ready to Surge in 2025
Want to see what other hedge funds are holding CTS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CTS Co. (NYSE:CTS – Free Report).
Receive News & Ratings for CTS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CTS and related companies with MarketBeat.com's FREE daily email newsletter.