Voya Investment Management LLC Has $5.56 Million Stock Holdings in CTS Co. (NYSE:CTS)

Voya Investment Management LLC raised its stake in CTS Co. (NYSE:CTS - Free Report) by 13.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 105,518 shares of the electronics maker's stock after acquiring an additional 12,490 shares during the period. Voya Investment Management LLC owned about 0.35% of CTS worth $5,564,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Oppenheimer Asset Management Inc. increased its holdings in shares of CTS by 1.2% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 26,646 shares of the electronics maker's stock worth $1,405,000 after buying an additional 328 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of CTS by 7.0% during the fourth quarter. Bank of Montreal Can now owns 6,995 shares of the electronics maker's stock worth $369,000 after purchasing an additional 458 shares during the last quarter. Handelsbanken Fonder AB lifted its position in CTS by 7.0% during the 4th quarter. Handelsbanken Fonder AB now owns 7,685 shares of the electronics maker's stock worth $405,000 after buying an additional 500 shares in the last quarter. KBC Group NV grew its holdings in CTS by 58.2% during the 4th quarter. KBC Group NV now owns 1,713 shares of the electronics maker's stock worth $90,000 after acquiring an additional 630 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of CTS by 608.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 737 shares of the electronics maker's stock worth $39,000 after acquiring an additional 633 shares during the last quarter. Institutional investors own 96.87% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of CTS from a "hold" rating to a "buy" rating in a report on Monday, March 3rd.

CTS Trading Down 1.3 %

Shares of NYSE CTS traded down $0.51 during mid-day trading on Monday, hitting $39.31. The company's stock had a trading volume of 101,748 shares, compared to its average volume of 157,128. CTS Co. has a one year low of $34.02 and a one year high of $59.68. The company's fifty day simple moving average is $40.46 and its 200-day simple moving average is $47.79. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.50 and a quick ratio of 1.95. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 20.69 and a beta of 0.76.

CTS (NYSE:CTS - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The electronics maker reported $0.44 earnings per share (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 company had revenue of $125.77 million during the quarter, compared to the consensus estimate of $128.72 million. On average, sell-side analysts anticipate that CTS Co. will post 2.28 earnings per share for the current fiscal year.

CTS Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, March 28th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.41%. The ex-dividend date was Friday, March 28th. CTS's payout ratio is presently 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.