3,839 Shares in CTS Co. (NYSE:CTS) Acquired by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. acquired a new stake in CTS Co. (NYSE:CTS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,839 shares of the electronics maker’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in shares of CTS by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 806,180 shares of the electronics maker’s stock worth $39,010,000 after acquiring an additional 33,449 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new stake in shares of CTS in the fourth quarter worth approximately $214,000. Principal Financial Group Inc. lifted its holdings in shares of CTS by 2.7% in the fourth quarter. Principal Financial Group Inc. now owns 155,018 shares of the electronics maker’s stock valued at $8,174,000 after purchasing an additional 4,004 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of CTS by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 385,602 shares of the electronics maker’s stock valued at $18,655,000 after buying an additional 9,674 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in CTS by 608.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 737 shares of the electronics maker’s stock worth $39,000 after buying an additional 633 shares in the last quarter. Institutional investors own 96.87% of the company’s stock.

Wall Street Analysts Forecast Growth

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 2.1 %

NYSE:CTS opened at $42.12 on Friday. CTS Co. has a 52 week low of $41.23 and a 52 week high of $59.68. The firm has a 50-day moving average price of $46.00 and a two-hundred day moving average price of $49.56. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.95 and a current ratio of 2.50. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 22.17 and a beta of 0.57.

CTS (NYSE:CTS) last issued its quarterly earnings results on Tuesday, February 4th. The electronics maker reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.06). CTS had a net margin of 11.27% and a return on equity of 12.67%. On average, equities analysts expect that CTS Co. will post 2.28 earnings per share for the current fiscal year.

CTS Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 28th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.16 annualized dividend and a yield of 0.38%. CTS’s payout ratio is currently 8.42%.

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.