UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $3.33 Million Stake in CTS Co. (NYSE:CTS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in CTS Co. (NYSE:CTS - Free Report) by 11.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 63,154 shares of the electronics maker's stock after buying an additional 6,269 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.21% of CTS worth $3,330,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Aristides Capital LLC grew its stake in CTS by 35.3% in 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. raised its holdings in CTS by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,119 shares of the electronics maker's stock worth $903,000 after buying an additional 651 shares during the period. Deutsche Bank AG raised its holdings in CTS by 50.9% during the 4th quarter. Deutsche Bank AG now owns 25,478 shares of the electronics maker's stock worth $1,343,000 after buying an additional 8,598 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new position in shares of CTS in the fourth quarter valued at approximately $202,000. Finally, Atria Wealth Solutions Inc. acquired a new position in shares of CTS in the fourth quarter valued at approximately $214,000. Institutional investors own 96.87% of the company's stock.

CTS Stock Up 2.7%

Shares of CTS stock traded up $1.12 during trading on Monday, reaching $42.98. The stock had a trading volume of 138,331 shares, compared to its average volume of 158,455. The company has a current ratio of 2.50, a quick ratio of 1.95 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 22.62 and a beta of 0.80. The stock has a fifty day moving average price of $39.53 and a two-hundred day moving average price of $45.85. CTS Co. has a 52 week low of $34.02 and a 52 week high of $59.68.

CTS (NYSE:CTS - Get Free Report) last released 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). The firm had revenue of $125.77 million during the quarter, compared to the consensus estimate of $128.72 million. CTS had a net margin of 11.27% and a return on equity of 12.67%. Sell-side analysts predict that CTS Co. will post 2.28 EPS for the current fiscal year.

CTS Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, June 27th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.16 annualized dividend and a yield of 0.37%. CTS's dividend payout ratio (DPR) is presently 8.08%.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of CTS from a "buy" rating to a "hold" rating in a research report on Friday, May 30th.

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.