Texas Everlasting Faculty Fund Corp reduce its stake in shares of CTS Co. (NYSE:CTS – Free Report) by 6.7% through the 2nd quarter, in accordance with its most up-to-date 13F submitting with the Securities and Change Fee. The fund owned 25,438 shares of the electronics maker’s inventory after promoting 1,831 shares through the quarter. Texas Everlasting Faculty Fund Corp’s holdings in CTS have been value $1,288,000 as of its most up-to-date submitting with the Securities and Change Fee.
Different hedge funds and different institutional buyers additionally lately made adjustments to their positions within the firm. Wasatch Advisors LP elevated its holdings in shares of CTS by 160.3% through the first quarter. Wasatch Advisors LP now owns 963,954 shares of the electronics maker’s inventory value $45,103,000 after shopping for an extra 593,641 shares within the final quarter. Norges Financial institution acquired a brand new place in CTS within the 4th quarter value about $8,859,000. Wellington Administration Group LLP raised its place in CTS by 7.6% within the fourth quarter. Wellington Administration Group LLP now owns 1,344,017 shares of the electronics maker’s inventory valued at $58,787,000 after buying an extra 94,901 shares over the last quarter. Allspring World Investments Holdings LLC acquired a brand new place in shares of CTS within the second quarter valued at roughly $4,001,000. Lastly, Fiduciary Administration Inc. WI raised its holdings in CTS by 4.2% within the 4th quarter. Fiduciary Administration Inc. WI now owns 1,187,171 shares of the electronics maker’s inventory valued at $51,927,000 after shopping for an extra 47,730 shares over the last quarter. 96.87% of the inventory is owned by institutional buyers.
Wall Avenue Analyst Weigh In
Individually, StockNews.com reduce shares of CTS from a “purchase” score to a “maintain” score in a analysis report on Monday.
Learn Our Newest Report on CTS
CTS Inventory Efficiency
NYSE:CTS opened at $48.57 on Friday. The corporate has a debt-to-equity ratio of 0.12, a fast ratio of two.85 and a present ratio of three.41. CTS Co. has a fifty-two week low of $35.50 and a fifty-two week excessive of $55.47. The corporate has a 50 day easy transferring common of $48.45 and a two-hundred day easy transferring common of $48.54. The corporate has a market capitalization of $1.50 billion, a PE ratio of 28.57 and a beta of 0.58.
CTS (NYSE:CTS – Get Free Report) final introduced its earnings outcomes on Tuesday, July thirtieth. The electronics maker reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The enterprise had income of $130.16 million through the quarter, in comparison with the consensus estimate of $133.33 million. CTS had a web margin of 10.70% and a return on fairness of 11.98%. CTS’s quarterly income was down 10.3% on a year-over-year foundation. Throughout the identical quarter final yr, the agency earned $0.59 earnings per share. Analysis analysts anticipate that CTS Co. will publish 2.15 earnings per share for the present yr.
CTS Pronounces Dividend
The agency additionally lately introduced a quarterly dividend, which can be paid on Friday, October twenty fifth. Traders of document on Friday, September twenty seventh can be paid a dividend of $0.04 per share. The ex-dividend date is Friday, September twenty seventh. This represents a $0.16 annualized dividend and a yield of 0.33%. CTS’s dividend payout ratio is presently 9.41%.
CTS Firm Profile
CTS Company manufactures and sells sensors, actuators, and connectivity parts in North America, Europe, and Asia. The corporate supplies encoders, rotary place sensors, slide potentiometers, industrial and industrial rotary potentiometers. It additionally supplies non-contacting, and contacting pedals; and eBrake pedals.
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