CTS Co. (NYSE:CTS) Stock Holdings Decreased by Brown Advisory Inc.

Brown Advisory Inc. reduced its position in shares of CTS Co. (NYSE:CTS - Free Report) by 31.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 601,794 shares of the electronics maker's stock after selling 280,469 shares during the period. Brown Advisory Inc. owned 2.00% of CTS worth $31,733,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CTS. Aristides Capital LLC lifted its stake in shares of CTS by 35.3% during the 4th quarter. Aristides Capital LLC now owns 5,805 shares of the electronics maker's stock worth $306,000 after purchasing an additional 1,513 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new position in CTS during the fourth quarter worth approximately $202,000. Atria Wealth Solutions Inc. acquired a new position in shares of CTS in the 4th quarter valued at $214,000. Principal Financial Group Inc. grew its stake in shares of CTS by 2.7% during the 4th quarter. Principal Financial Group Inc. now owns 155,018 shares of the electronics maker's stock valued at $8,174,000 after buying an additional 4,004 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in shares of CTS by 5.7% during the 4th quarter. Wells Fargo & Company MN now owns 108,531 shares of the electronics maker's stock worth $5,723,000 after buying an additional 5,808 shares during the last quarter. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

CTS Trading Down 0.3 %

CTS stock traded down $0.11 during midday trading on Friday, reaching $39.91. 166,412 shares of the company's stock traded hands, compared to its average volume of 157,327. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.50 and a quick ratio of 1.95. CTS Co. has a fifty-two week low of $34.02 and a fifty-two week high of $59.68. The business has a 50-day moving average price of $40.02 and a two-hundred day moving average price of $47.51. The company has a market capitalization of $1.19 billion, a P/E ratio of 21.01 and a beta of 0.76.

CTS (NYSE:CTS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The electronics maker reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.05). The company had revenue of $125.77 million for the quarter, compared to analyst estimates of $128.72 million. CTS had a return on equity of 12.67% and a net margin of 11.27%. Equities research analysts forecast that CTS Co. will post 2.28 EPS for the current fiscal year.

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.