CTS Co. (NYSE:CTS) Shares Sold by Sage Investment Advisers LLC

Sage Investment Advisers LLC trimmed its position in shares of CTS Co. (NYSE:CTS - Free Report) by 36.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,550 shares of the electronics maker's stock after selling 19,150 shares during the quarter. CTS accounts for approximately 1.8% of Sage Investment Advisers LLC's portfolio, making the stock its 19th largest holding. Sage Investment Advisers LLC owned about 0.11% of CTS worth $1,467,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CTS. Charles Schwab Investment Management Inc. increased its position in shares of CTS by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 351,491 shares of the electronics maker's stock valued at $15,374,000 after acquiring an additional 8,248 shares during the last quarter. SummerHaven Investment Management LLC raised its stake in shares of CTS by 1.5% during the 4th quarter. SummerHaven Investment Management LLC now owns 17,022 shares of the electronics maker's stock worth $745,000 after purchasing an additional 255 shares during the period. Russell Investments Group Ltd. grew its position in CTS by 13.9% during the fourth quarter. Russell Investments Group Ltd. now owns 15,340 shares of the electronics maker's stock valued at $671,000 after buying an additional 1,871 shares during the period. State of New Jersey Common Pension Fund D increased its holdings in CTS by 21.0% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 63,888 shares of the electronics maker's stock worth $2,794,000 after buying an additional 11,079 shares during the last quarter. Finally, Handelsbanken Fonder AB bought a new position in shares of CTS during the 4th quarter valued at approximately $209,000. Institutional investors own 96.87% of the company's stock.

CTS Stock Performance

Shares of NYSE CTS traded up $0.53 during mid-day trading on Wednesday, hitting $50.85. The company had a trading volume of 129,395 shares, compared to its average volume of 152,479. The stock's 50-day moving average price is $45.69 and its 200-day moving average price is $43.02. CTS Co. has a 1 year low of $35.50 and a 1 year high of $50.90. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 29.91 and a beta of 0.62. The company has a current ratio of 3.32, a quick ratio of 2.71 and a debt-to-equity ratio of 0.13.

CTS (NYSE:CTS - Get Free Report) last posted its earnings results on Wednesday, May 1st. The electronics maker reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.06. The business had revenue of $125.70 million for the quarter, compared to analysts' expectations of $126.75 million. CTS had a net margin of 10.06% and a return on equity of 12.39%. The business's revenue for the quarter was down 13.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.61 EPS. On average, sell-side analysts forecast that CTS Co. will post 2.3 earnings per share for the current year.

CTS Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Thursday, March 28th were given a $0.04 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.16 dividend on an annualized basis and a yield of 0.31%. CTS's payout ratio is 9.41%.

Insiders Place Their Bets

In related news, CFO Ashish Agrawal sold 4,504 shares of the firm's stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $47.10, for a total transaction of $212,138.40. Following the transaction, the chief financial officer now directly owns 128,777 shares in the company, valued at approximately $6,065,396.70. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Kieran M. O'sullivan sold 14,976 shares of CTS stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $47.13, for a total value of $705,818.88. Following the sale, the chief executive officer now directly owns 501,637 shares in the company, valued at approximately $23,642,151.81. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Ashish Agrawal sold 4,504 shares of the company's stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $47.10, for a total value of $212,138.40. Following the transaction, the chief financial officer now owns 128,777 shares of the company's stock, valued at approximately $6,065,396.70. The disclosure for this sale can be found here. Insiders sold a total of 62,602 shares of company stock valued at $2,947,896 over the last quarter. 2.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CTS has been the topic of several research reports. Sidoti lowered CTS from a "buy" rating to a "neutral" rating and set a $46.00 target price on the stock. in a research note on Wednesday, February 7th. TD Cowen upped their price objective on shares of CTS from $38.00 to $46.00 and gave the company a "market perform" rating in a report on Wednesday, February 7th.

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.