Natixis Advisors LLC Sells 296 Shares of CTS Co. (NYSE:CTS)

Natixis Advisors LLC lowered its stake in CTS Co. (NYSE:CTS) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,841 shares of the electronics maker’s stock after selling 296 shares during the period. Natixis Advisors LLC owned 0.06% of CTS worth $815,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Innealta Capital LLC bought a new stake in CTS in the second quarter valued at $27,000. GAMMA Investing LLC boosted its holdings in CTS by 132.5% in the third quarter. GAMMA Investing LLC now owns 586 shares of the electronics maker’s stock valued at $28,000 after acquiring an additional 334 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in CTS in the second quarter valued at $41,000. Hantz Financial Services Inc. bought a new stake in shares of CTS during the 2nd quarter valued at $157,000. Finally, Summit Trail Advisors LLC bought a new stake in shares of CTS during the 2nd quarter valued at $214,000. Institutional investors own 96.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Scotiabank cut shares of CTS from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. StockNews.com cut shares of CTS from a “buy” rating to a “hold” rating in a report on Thursday, November 7th.

CTS Stock Performance

Shares of CTS stock opened at $54.36 on Thursday. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 28.02 and a beta of 0.58. The firm’s 50-day moving average is $50.69 and its 200 day moving average is $50.20. CTS Co. has a 1 year low of $38.49 and a 1 year 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 announced its quarterly earnings results on Tuesday, October 29th. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. The company had revenue of $132.42 million for the quarter. CTS had a net margin of 11.66% and a return on equity of 12.39%. During the same quarter in the previous year, the firm earned $0.54 EPS. Sell-side analysts anticipate that CTS Co. will post 2.15 EPS for the current fiscal year.

CTS Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, December 27th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend is Friday, December 27th. CTS’s payout ratio is 8.25%.

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.