Deutsche Bank AG Acquires 8,598 Shares of CTS Co. (NYSE:CTS)

Deutsche Bank AG grew its position in shares of CTS Co. (NYSE:CTS - Free Report) by 50.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,478 shares of the electronics maker's stock after purchasing an additional 8,598 shares during the period. Deutsche Bank AG owned approximately 0.08% of CTS worth $1,343,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CTS. Quarry LP raised its stake in shares of CTS by 572.4% during the fourth quarter. Quarry LP now owns 659 shares of the electronics maker's stock valued at $35,000 after purchasing an additional 561 shares during the period. Smartleaf Asset Management LLC boosted its stake in CTS by 608.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 737 shares of the electronics maker's stock valued at $39,000 after acquiring an additional 633 shares during the period. KBC Group NV raised its holdings in CTS by 58.2% during the fourth quarter. KBC Group NV now owns 1,713 shares of the electronics maker's stock worth $90,000 after purchasing an additional 630 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in CTS during the fourth quarter worth approximately $202,000. Finally, Atria Wealth Solutions Inc. bought a new stake in CTS during the fourth quarter worth approximately $214,000. Hedge funds and other institutional investors own 96.87% of the company's stock.

CTS Price Performance

NYSE:CTS traded up $1.40 during midday trading on Tuesday, hitting $41.07. 158,335 shares of the stock were exchanged, compared to its average volume of 158,926. CTS Co. has a one year low of $34.02 and a one year high of $59.68. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 21.62 and a beta of 0.76. The business has a 50-day moving average price of $39.80 and a two-hundred day moving average price of $46.69. The company has a current ratio of 2.50, a quick ratio of 1.95 and a debt-to-equity ratio of 0.17.

CTS (NYSE:CTS - Get Free Report) last announced its earnings results on Wednesday, April 30th. The electronics maker reported $0.44 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.05). CTS had a return on equity of 12.67% and a net margin of 11.27%. The firm had revenue of $125.77 million for the quarter, compared to the consensus estimate of $128.72 million. Sell-side analysts predict that CTS Co. will post 2.28 EPS for the current year.

CTS Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, June 27th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.16 annualized dividend and a dividend yield of 0.39%. CTS's dividend payout ratio is currently 8.08%.

Analyst Ratings Changes

Separately, Wall Street Zen raised CTS from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd.

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.