CTS Co. (NYSE:CTS) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of CTS Co. (NYSE:CTS - Free Report) by 11.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,154 shares of the electronics maker's stock after purchasing an additional 6,269 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.21% of CTS worth $3,330,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Two Sigma Advisers LP raised its position in shares of CTS by 11.4% during the 4th quarter. Two Sigma Advisers LP now owns 7,800 shares of the electronics maker's stock worth $411,000 after purchasing an additional 800 shares during the last quarter. ProShare Advisors LLC raised its position in shares of CTS by 44.3% during the 4th quarter. ProShare Advisors LLC now owns 9,072 shares of the electronics maker's stock worth $478,000 after purchasing an additional 2,786 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of 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 purchasing an additional 651 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of CTS by 111.4% during the 4th quarter. Lazard Asset Management LLC now owns 35,055 shares of the electronics maker's stock worth $1,848,000 after purchasing an additional 18,473 shares during the last quarter. Finally, Deutsche Bank AG raised its position in shares of 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 purchasing an additional 8,598 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

CTS Stock Down 0.5%

CTS stock opened at $41.43 on Friday. The stock has a market capitalization of $1.24 billion, a P/E ratio of 21.80 and a beta of 0.76. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.95 and a current ratio of 2.50. CTS Co. has a one year low of $34.02 and a one year high of $59.68. The company has a 50 day moving average price of $39.51 and a two-hundred day moving average price of $46.11.

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 analysts' expectations of $128.72 million. CTS had a return on equity of 12.67% and a net margin of 11.27%. As a group, sell-side analysts expect that CTS Co. will post 2.28 EPS for the current year.

CTS Dividend Announcement

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

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.

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