BNP Paribas Financial Markets Has $218,000 Stake in CTS Co. (NYSE:CTS)

BNP Paribas Financial Markets lowered its holdings in CTS Co. (NYSE:CTS - Free Report) by 69.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,129 shares of the electronics maker's stock after selling 9,348 shares during the period. BNP Paribas Financial Markets' holdings in CTS were worth $218,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Oppenheimer Asset Management Inc. lifted its holdings in shares of CTS by 1.2% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 26,646 shares of the electronics maker's stock valued at $1,405,000 after purchasing an additional 328 shares in the last quarter. Bank of Montreal Can grew its stake in shares of CTS by 7.0% in the 4th quarter. Bank of Montreal Can now owns 6,995 shares of the electronics maker's stock valued at $369,000 after buying an additional 458 shares in the last quarter. Handelsbanken Fonder AB grew its stake in shares of CTS by 7.0% in the 4th quarter. Handelsbanken Fonder AB now owns 7,685 shares of the electronics maker's stock valued at $405,000 after buying an additional 500 shares in the last quarter. Quarry LP increased its holdings in CTS by 572.4% in the fourth quarter. Quarry LP now owns 659 shares of the electronics maker's stock worth $35,000 after buying an additional 561 shares during the last quarter. Finally, KBC Group NV raised its position in CTS by 58.2% during the fourth quarter. KBC Group NV now owns 1,713 shares of the electronics maker's stock valued at $90,000 after acquiring an additional 630 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of CTS from a "buy" rating to a "hold" rating in a research report on Friday.

CTS Stock Down 0.6%

NYSE:CTS traded down $0.23 during trading hours on Monday, reaching $40.46. The company's stock had a trading volume of 114,950 shares, compared to its average volume of 158,844. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 21.29 and a beta of 0.76. CTS Co. has a one year low of $34.02 and a one year high of $59.68. The business's 50-day moving average is $39.61 and its 200-day moving average is $46.26. 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 (NYSE:CTS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.49 by ($0.05). The business had revenue of $125.77 million during the quarter, compared to the consensus estimate of $128.72 million. CTS had a return on equity of 12.67% and a net margin of 11.27%. Equities research analysts predict that CTS Co. will post 2.28 EPS for the current year.

CTS Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, June 27th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend is Friday, June 27th. CTS's dividend payout ratio is presently 8.08%.

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.