Amalgamated Bank Sells 322 Shares of CTS Co. (NYSE:CTS)

Amalgamated Bank decreased its position in shares of CTS Co. (NYSE:CTS) by 3.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,033 shares of the electronics maker’s stock after selling 322 shares during the quarter. Amalgamated Bank’s holdings in CTS were worth $437,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Raymond James & Associates raised its position in shares of CTS by 19.9% in the 3rd quarter. Raymond James & Associates now owns 159,105 shares of the electronics maker’s stock valued at $7,697,000 after buying an additional 26,376 shares in the last quarter. Trust Point Inc. increased its stake in CTS by 2.1% in the third quarter. Trust Point Inc. now owns 12,861 shares of the electronics maker’s stock valued at $622,000 after acquiring an additional 270 shares during the last quarter. Creative Planning raised its position in CTS by 14.2% during the third quarter. Creative Planning now owns 15,040 shares of the electronics maker’s stock valued at $728,000 after purchasing an additional 1,870 shares in the last quarter. GAMMA Investing LLC lifted its stake in CTS by 132.5% during the third quarter. GAMMA Investing LLC now owns 586 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 334 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in CTS by 129.6% during the third quarter. SG Americas Securities LLC now owns 14,686 shares of the electronics maker’s stock worth $711,000 after purchasing an additional 8,290 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

CTS Stock Performance

Shares of CTS stock opened at $53.16 on Friday. The company’s 50 day moving average price is $49.45 and its two-hundred day moving average price is $49.95. The firm has a market capitalization of $1.60 billion, a P/E ratio of 27.40 and a beta of 0.58. CTS Co. has a fifty-two week low of $38.49 and a fifty-two week high of $59.68. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.46 and a quick ratio of 1.91.

CTS (NYSE:CTS) last released its quarterly earnings data on Tuesday, October 29th. The electronics maker reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.06. CTS had a return on equity of 12.39% and a net margin of 11.66%. The company had revenue of $132.42 million for the quarter. During the same period last year, the business earned $0.54 EPS. On average, equities analysts forecast that CTS Co. will post 2.15 earnings per share for the current fiscal year.

CTS Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, December 27th will be issued a $0.04 dividend. The ex-dividend date is Friday, December 27th. This represents a $0.16 dividend on an annualized basis and a yield of 0.30%. CTS’s dividend payout ratio (DPR) is presently 8.25%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Scotiabank lowered CTS from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. StockNews.com cut CTS from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th.

CTS 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.