Bank of New York Mellon Corp Has $11.28 Million Stock Holdings in CTS Corporation (NYSE:CTS)

Bank of New York Mellon Corp cut its holdings in CTS Corporation (NYSE:CTS - Free Report) by 4.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 271,454 shares of the electronics maker's stock after selling 11,283 shares during the period. Bank of New York Mellon Corp owned approximately 0.90% of CTS worth $11,279,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Aristides Capital LLC boosted its holdings in CTS by 35.3% during the fourth quarter. Aristides Capital LLC now owns 5,805 shares of the electronics maker's stock valued at $306,000 after acquiring an additional 1,513 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in CTS by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,119 shares of the electronics maker's stock valued at $903,000 after acquiring an additional 651 shares during the period. Deutsche Bank AG boosted its holdings in CTS by 50.9% during the fourth quarter. Deutsche Bank AG now owns 25,478 shares of the electronics maker's stock valued at $1,343,000 after acquiring an additional 8,598 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in CTS by 11.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,154 shares of the electronics maker's stock valued at $3,330,000 after acquiring an additional 6,269 shares during the period. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in CTS during the fourth quarter valued at about $202,000. 96.87% of the stock is currently owned by institutional investors.

CTS Stock Performance

CTS stock traded up $1.54 during trading on Thursday, reaching $41.98. 530,520 shares of the stock were exchanged, compared to its average volume of 235,292. CTS Corporation has a twelve month low of $34.02 and a twelve month high of $59.68. The company has a current ratio of 2.63, a quick ratio of 2.05 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $1.25 billion, a P/E ratio of 21.20 and a beta of 0.80. The stock has a 50 day simple moving average of $41.98 and a 200-day simple moving average of $43.16.

CTS (NYSE:CTS - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The electronics maker reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.02. CTS had a return on equity of 12.32% and a net margin of 11.70%. The firm had revenue of $135.30 million for the quarter, compared to analyst estimates of $132.65 million. During the same period in the previous year, the company posted $0.54 earnings per share. As a group, sell-side analysts anticipate that CTS Corporation will post 2.28 earnings per share for the current year.

CTS Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, June 27th will be paid a dividend of $0.04 per share. The ex-dividend date is Friday, June 27th. This represents a $0.16 annualized dividend and a yield of 0.38%. CTS's dividend payout ratio is 8.08%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of CTS from a "hold" rating to a "buy" rating in a report on Saturday, July 12th.

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.