Uniplan Investment Counsel Inc. Decreases Stake in CTS Co. (NYSE:CTS)

Uniplan Investment Counsel Inc. decreased its holdings in CTS Co. (NYSE:CTS) by 1.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 103,545 shares of the electronics maker’s stock after selling 1,180 shares during the period. Uniplan Investment Counsel Inc.’s holdings in CTS were worth $5,460,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in shares of CTS by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 806,180 shares of the electronics maker’s stock valued at $39,010,000 after acquiring an additional 33,449 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of CTS by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 392,690 shares of the electronics maker’s stock worth $20,707,000 after buying an additional 7,088 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of CTS in the fourth quarter valued at about $15,852,000. Bank of New York Mellon Corp raised its holdings in shares of CTS by 1.1% during the 4th quarter. Bank of New York Mellon Corp now owns 282,737 shares of the electronics maker’s stock valued at $14,909,000 after buying an additional 3,115 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in CTS by 1.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 217,789 shares of the electronics maker’s stock worth $11,484,000 after acquiring an additional 2,851 shares during the period. 96.87% of the stock is owned by institutional investors and hedge funds.

CTS Stock Performance

NYSE:CTS opened at $37.33 on Tuesday. CTS Co. has a 1-year low of $34.02 and a 1-year high of $59.68. The stock has a market cap of $1.12 billion, a P/E ratio of 19.65 and a beta of 0.61. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.50 and a quick ratio of 1.95. The firm has a 50-day moving average of $41.68 and a two-hundred day moving average of $48.36.

CTS (NYSE:CTS) last posted its quarterly earnings data 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, research analysts expect that CTS Co. will post 2.28 earnings per share for the current fiscal year.

CTS Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Friday, March 28th. CTS’s payout ratio is currently 8.42%.

Analyst Ratings Changes

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

About CTS

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.